The biggest challenge of our age is reducing CO2 concentrations in the atmosphere to limit the extent of global warming.
The Paris Climate Agreement of 2015 set the goal of limiting global temperature rise to below 2°C. Although the global minerals industry accounts for less than 0.5% of total CO2 emissions, all industries have a role to play in achieving the targeted reductions.
We have set ourselves the goal of reducing absolute CO2 emissions (scope 1 & scope 2) and improving energy efficiency in line with the EU’s Green Deal targets for 2030. These EU targets imply a 50% reduction in CO2 emissions and 27% improvement in energy efficiency compared to the levels of 1990. Our mid-term objectives to enable Sibelco to reach these goals are to reduce CO2 emissions and improve energy efficiency by an average of 2% a year by 2025, based on the levels of 2019*. Our initial focus will be on our European operations, which account for approximately 70% of our total emission load and energy consumption.
The main ways we will reduce the direct emissions from our production process (scope 1) will be through adapting our fuel mix and improving energy efficiency. For the latter we will build on the work already being done in operational excellence (Bright Site Programme).
The second way to reduce emissions is to adapt the source of electricity being used by our operations (scope 2). With this in mind, we have set ourselves the target of sourcing 30% of our electricity from green sources by 2025, compared to 15% in 2019. We also have the ambition to increase the use of on-site renewable energy to power our own operations and have set a target that 20% of our consumption should come from such sources in 2025 compared to 11% in 2019.
In 2020 we launched a pilot study to develop a better understanding of our scope 3 emissions – particularly the transport of materials to our customers. We will disclose more about the findings of this study in due course.
*The total CO2 emissions for 2019 baseline were 371 kt (scope 1 & 2). Energy consumption for 2019 amounted to 1,427 GWh or 43 KWh per
tonne of product sold.