GlobalData offers a comprehensive analysis of Kumba Iron Ore, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Kumba Iron Ore‘s ESG performance. GlobalData’s company profile on Kumba Iron Ore offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Kumba Iron Ore, a member of the Anglo American plc group, is working to develop a roadmap of initiatives to deliver on its collective ambition of carbon neutrality in scope 1 and 2 emissions. Kumba Iron Ore latest filings mentioned the keywords ‘Emissions’ and ‘Climate Change’ most number of times.
The company aims to achieve 50% reduction in scope 3 emissions across the portfolio by 2040. The company is looking to increase renewable energy use and promote green hydrogen – both key levers to enable net-zero decarbonisation of mining operations – it is partnering with Anglo American to harness South Africa’s potential competitive advantage in these areas, given its world leading combination of solar, wind and land resources, and its existing large domestic-use cases to kick-start a local green hydrogen economy.
In 2022, Kumba’s operations were responsible for 0.994 million tonnes of (scope 1 and 2) CO2 equivalent emissions (Mt CO2e) from electricity purchased, and the combustion of fossil fuels within the mining operations. This is a 0.5% increase year-on-year from 0.989 million tonnes due to production challenges. Its carbon emissions intensity increased by 13% from 0.024 tonnes CO2 per tonne product to 0.027 tonnes CO2 per tonne product, due to energy efficiency improvements not being achieved.
In conclusion, Kumba Iron Ore has taken steps to reduce emissions, including investing in renewable energy, energy efficiency, and CCUS technologies. Kumba Iron Ore's emission reduction plans include transitioning to low-carbon technologies, decarbonizing its operations, and collaborating with stakeholders to develop regional renewable energy ecosystems. The company has already achieved some emission reduction milestones, such as reducing its energy and water intensity.