Nov 15 (Reuters) - Swedish mining and smelting group
Boliden on Tuesday raised its goal to cut emissions of
climate-warming gases this decade in its drive towards
fossil-fuel free metals production.
Mining, together with industries like heavy road
transportation and aviation, is a so-called hard to abate sector
that is difficult to fully electrify.
Boliden, which mainly produces base metals such as copper,
nickel and zinc but also precious metals, said it now aims to
reduce its absolute Scope 1 and 2 carbon dioxide (CO2) emissions
- those the company can directly influence - by 40% from 2021
levels by 2030.
"In many respects, we are driving developments toward
fossil-free base metal production ... It will provide a
long-term boost to competitiveness," Chief Executive Officer
Mikael Staffas said in a statement.
Boliden had previously targeted a 40% reduction between 2012
and 2030 of its so-called CO2 intensity, which measures the
amount of greenhouse gases, such as methane and carbon dioxide,
emitted per tonne of metal produced. The measure means absolute
emissions can rise in line with growing production, even if the
intensity metric falls.
In the last decade, the firm had reduced its carbon
intensity by some 15%, a spokesperson said.
It has also introduced a target to reduce Scope 3 emissions
- those that are produced along its supply chain - by 30% by
"We view the new climate goals as a positive and Boliden is
one of the few companies to set emissions targets at the
supplier level although these new decarbonisation targets could
add to medium-term capital expenditure," RBC analysts said in a
Boliden separately said it would close its mining
exploration activities in Finland's Outokumpu field, incurring a
24.4 million euro ($25.38 million) impairment charge in the
($1 = 0.9614 euros)
(Reporting by Marie Mannes, editing by Stine Jacobsen, Kirsten