Luke Leslie’s Post

Shareholders back Glencore’s 2024-2026 Climate Action Plan  Investor approval: More investors are satisfied with Glencore's new plan to reduce carbon emissions compared to 2023. New targets: The plan includes a 25% emissions reduction by 2030 and a 15% reduction in Scope 1, 2 & 3 emissions by 2026. Net Zero goal: The plan aligns with Glencore's ambition to achieve net-zero emissions by 2050. Phasing out thermal coal: Glencore aims to close at least 12 thermal coal mines by 2035 and eliminate them completely by the mid-2040s. Steelmaking coal acquisition: Glencore is acquiring Teck Resources' steelmaking coal business, increasing its capacity but promising a separate climate plan for those assets. Potential coal spin-off: Glencore might spin off its coal assets into a separate company based on shareholder approval after the acquisition is finalized. . #GlencoreCATP #GlencoreCoalPhaseOut #InvestorSupportForClimateAction #ClimateAction #Sustainability #NetZero #EnergyTransition #ClimateChange #Sustainabilityeconomicsnews . Read full story: https://lnkd.in/gJQSf4zQ

Copper is essential to the energy transition yet will continue to face volatility through 2024. Copper miners face a challenging year ahead, with ESG, capital, and cost pressures expected to have the biggest impact on operations and investment decisions. How can companies mitigate the impact of these risks and find opportunities amid the disruption? #copper #eyenergy #miningandmetals #energytransition Louise Higgins, Angie Beifus, Quintin Hobbs, Roberta Miyazaki, Ron Butler, Alicia Domínguez, Brent Papek

We believe that, when done sustainably, mining can make a real difference in people’s lives. Whether it’s through creating jobs, investing in communities, protecting biodiversity or addressing climate change, sustainability is front of mind in everything we do.   Our approach to sustainability comprises five interconnected pillars which focus on areas that are material to our business and stakeholders - protecting and respecting our people, delivering value to society, operating ethically and responsibly, managing our environmental impact, and addressing climate change.   We are committed to continuously improving our sustainability performance, and to reporting transparently on our progress. Our comprehensive annual reporting suite, including our Sustainable Development Report and Sustainability Databook, details our performance on a wide range of sustainability metrics.    Find out more about our business, our strategy and our sustainability performance at https://lnkd.in/gjHTaaWa

Emerging Corporates | Services to Mining | Energy | Manufacturing do you know your sustainability obligations? BDO in Australia have some great free webinars if you don't know where to start, watch last seminar and sign up for next sessions. Educate yourself on your responsibilities, make a plan for FY24 and connect with others who are doing it well. #sustainability #responsibility #upskilling #knowyouroptions #ghgemissions #ghgprotocol #climatechange #netzeroemissions #resources #freewebinar

Want to learn more about how we achieve our net zero targets by 2050? 🎯   Today, we published our initial Transition Plan as well as net zero pathways for the coal mining, cement and shipping sectors in the bank’s corporate loan portfolio in addition to the net zero pathways for the oil & gas, power, automotive and steel industries we published in October 2022. For more than half of the emissions in our corporate loan book we now have clearly defined net zero pathways. This Transition Plan consolidates, for the first time, our definitions, methodologies, targets and achievements on our path to net zero by 2050 in a single publication. 📗 With the Transition Plan and our net zero targets in additional carbon-intensive industries, we affirm our commitments as a member of the Net Zero Banking Alliance. Visit our microsite for more insights and download the report: https://lnkd.in/eMCHeR6i Media Release: https://lnkd.in/eGVZ6S2F   #netzero #sustainablefinance #sustainablebanking #deutschebank #NZBA

Miners face challenges in financing their decarbonisation efforts and getting ahead on net zero without the benefit of a green premium on their output. How do they manage stakeholder expectations and pressing net zero timelines without a premium reflected in product realisations and asset valuations? This topic was explored at the recent Energy and Mines Conference in Perth, where panellists Jo Garland, HFW's energy transition lead, Braden Dunsmore from Wyloo, Dev Tayal from Tesla, Georgina Hallett from London Metal Exchange, Richard Proudlove from the Investor Group on Climate Change (IGCC) and Stuart Tarrant, GAICD from Lithium Australia, discussed how legislative actions, such as the EU Battery Regulation and the US Bipartisan Infrastructure Law, would accelerate the adoption of green metals. They also examined how miners can position themselves as “green commodity suppliers” by ensuring transparency, measuring their Scope 1, 2, and 3 emissions, tracking other metrics like deforestation and water use, and ensuring their data is traceable and aligned with international standards. Fundamental to all of this is the need for business and government to accurately and consistently define “green” due to its evolving nature and the potential legal risks of mislabelling. You can watch a recording of the panel discussion here: https://lnkd.in/erYV_i5A or read a summary of the discussion below. If you would like more information on decarbonisation projects and the energy transition, please contact Jo or visit: https://lnkd.in/e3t4fmK8 #Mining #EnergyTransition #Decarbonisation #Sustainability #GreenCommodities

Copper is essential to the energy transition yet will continue to face volatility through 2024, with ESG, capital, and cost pressures expected to have the biggest impact on operations and investment decisions. How can companies mitigate the impact of these risks and find opportunities amid the disruption? https://lnkd.in/gf9xH_Yf

Could your conflict minerals data be doing more for your ESG initiatives? Register for our webinar on August 10th! ✅ https://bit.ly/3rWlVPa #conflictminerals #cmrt #esg #esginitiatives #esgreporting #supplychain #regulatorycompliance