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    AAL   GB00B1XZS820

ANGLO AMERICAN PLC

(AAL)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe Europe - 01/24 03:18:31 am
3394.5 GBX   -1.02%
02:14aANGLO AMERICAN : Transaction in own shares
PU
01/21Barclays Lifts Anglo American's PT, Keeps Equal-weight Rating
MT
01/21The latest from London: Miners drag the FTSE 100 down
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Anglo American Aims to Halve Scope 3 Emissions by 2040

10/29/2021 | 02:42am EST

By Anthony O. Goriainoff

Anglo American PLC said Friday that it aims to reduce its Scope 3 emissions by 50% by 2040 and that it expects to draw 56% of grid electricity supply from renewables by 2023.

Scope emissions are the way in which greenhouse gas emissions are categorized by the Greenhouse Gas Protocol. Scope 1 covers direct emissions from owned and controlled sources, with Scope 2 covering indirect emissions from the generation of purchased electricity, steam, heating and cooling consumed by a company. Scope 3 includes all other indirect emissions that may take place within a company's value chain.

The diversified mining company said it was working to reduce emissions in its supply chain and logistics--particularly in shipping--and that it was working with customers and technology partners on low-carbon steelmaking technologies.

Last year, Anglo American reported that in 2018 Scope 3 emissions accounted for 93.4% of its total Scope 1, 2 and 3 emissions and that this was mainly related to steelmaking and coal use by customers.

It added that in 2020 just over one third of the electricity it used globally was drawn from renewable sources, and that it had secured 100% renewable electricity supply across its operations in Brazil, Chile and Peru.

The company also said that it aims to stop the use of diesel in its mine truck field, which accounts for 10% to 15% of its Scope 1 emissions.

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

(END) Dow Jones Newswires

10-29-21 0442ET

Stocks mentioned in the article
ChangeLast1st jan.
ANGLO AMERICAN PLC -1.50% 3375 Delayed Quote.13.71%
PLATINUM -0.15% 1032 Delayed Quote.6.25%
All news about ANGLO AMERICAN PLC
02:14aANGLO AMERICAN : Transaction in own shares
PU
01/21Barclays Lifts Anglo American's PT, Keeps Equal-weight Rating
MT
01/21The latest from London: Miners drag the FTSE 100 down
01/21ANGLO AMERICAN : Transaction in own shares
PU
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01/17RBC Lifts Anglo American's PT, Keeps Outperform Rating
MT
01/17ANGLO AMERICAN : Transaction in own shares
PU
More news
Analyst Recommendations on ANGLO AMERICAN PLC
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Financials (USD)
Sales 2021 42 000 M - -
Net income 2021 8 655 M - -
Net Debt 2021 4 527 M - -
P/E ratio 2021 6,77x
Yield 2021 7,84%
Capitalization 56 533 M 56 555 M -
EV / Sales 2021 1,45x
EV / Sales 2022 1,60x
Nbr of Employees 95 000
Free-Float 92,6%
Chart ANGLO AMERICAN PLC
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Anglo American plc Technical Analysis Chart | MarketScreener
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Technical analysis trends ANGLO AMERICAN PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 46,48 $
Average target price 44,96 $
Spread / Average Target -3,28%
EPS Revisions
Managers and Directors
Mark Cutifani Chief Executive Officer & Executive Director
Stephen Thomas Pearce Finance Director & Executive Director
Stuart John Chambers Chairman
Anthony Martin O'Neill Executive Director & Group Technical Director
Anne L. Stevens Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
ANGLO AMERICAN PLC13.71%56 555
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SAUDI ARABIAN MINING COMPANY (MA'ADEN)16.05%29 886