…Research reveals solutions to mining’s decarbonisation challenges…
LONDON, Dec. 2, 2024 — dss+ today released findings from the first part of its two-part research report, ‘Decarbonising mining in an era of growing demand for critical metals and minerals’. The report indicates that mining’s current two percent annual emissions reduction rate will leave a 40 percent shortfall against 2030 Paris Agreement and Science-Based Targets (SBTi) goals. To achieve these targets, the report states that the industry needs to increase its decarbonisation rate to 4.5 percent annually, encompassing Scope 3 emissions across the entire supply chain.
Developed by dss+’s sustainability and mining experts, the report highlights the need for mines to simultaneously expand capacity to meet growing metal demands while also reducing their carbon footprint. The report suggests that industry-wide improvements in organizational and individual capabilities, along with stronger decarbonisation structures and processes, are needed to drive substantial and sustainable emission reductions.
Gerhard Bolt, lead author and principal, sustainability and mining at dss+, commented, “Our research shows that mining decarbonisation must accelerate to meet science-based targets. We can overcome obstacles by changing mindsets and adopting proven strategies for sustainable emission reductions and long-term positive outcomes for mining stakeholders.”
The first part of the report, ‘Decarbonising mining in an era of growing demand for critical metals and minerals’, is now available. The second part, exploring decarbonisation solutions in greater detail, will be published in early 2025.
About dss+
dss+ is a leading sustainable operations consulting firm dedicated to saving lives and creating a sustainable future. dss+ helps companies develop organizational and human capabilities, manage risk, enhance operations, achieve sustainability targets, and operate more responsibly.
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[1] dss+ analysis of 52 mining companies that disclose scope 1 and 2 emissions showed an average annual emission reduction rate of approximately 2% between 2018 and 2021.
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