Polymetal publishes its first Climate Change Report ('Report') setting a strategic goal to reduce
'Polymetal is fully committed to combat climate change. Today we publicly announce our ambitious 10-year target to cut our GHG emission intensity by 30% by 2030', said
In the Climate Change Report 2021, Polymetal commits to the following targets based on the Paris Agreement principles (to be in line with a '2 degrees' trajectory): Reduce GHG emission intensity per ounce of gold equivalent by 30% by 2030 (2019 baseline, covering Scopes 1 and 2) including the intermediate target of 15% reduction by 2025.
Reduce absolute GHG emissions by 35% by 2030.
Develop long-term GHG reduction goals until 2050 by the end of 2022.
Develop the plan to achieve carbon neutrality by the end of 2022.
Set Scope 3 targets by the end of 2022.
To achieve these goals, Polymetal has developed a comprehensive programme that includes a wide range of projects, including: Development of own solar and wind power plants at or near Polymetal operations; Investment in grid connections to remote assets and procurement of electricity supplies with the lowest available carbon footprint; Electrification of mobile mining fleet; Continuous improvement of energy efficiency.
The Company estimates that these projects will require nearly
Furthermore, the Report contains information on specific carbon footprint reduction projects at our mines, our climate scenarios, approach to managing climate-related risks and opportunities (including governance and strategy features).
The qualitative and quantitative data disclosed in the Report has been prepared in accordance with the recommendations of the
Additionally, new Climate Change Policy was approved by the Board of
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