Investor-led engagement initiative Climate Action 100+ (CA100+) has developed a net zero standard for mining companies, which is now open to consultation. The standard aims to help investors assess diversified mining companies’ transition plans to net zero, noting the sector can reduce transition risk by rapidly transitioning away from extracting and selling carbon-intensive products, upping production of critical minerals, and cutting emissions across their supply chains. “Investors have been looking for a rigorous and reliable tool to assess the credibility of mining companies’ plans and progress in the transition to net zero,” said Rebecca Mikula Wright, CEO of the Investor Group on Climate Change (IGCC) and the Asia Investor Group on Climate Change (AIGCC). “As regulators around the world crack down on greenwashing, we hope this standard will provide clarity and consistency to all stakeholders, including the companies themselves.” As of this month, CA100+ classifies ten companies as ‘diversified miners’, including Anglo American, BHP and Glencore. The finalised standard is scheduled for publication in Q3.
📣 Today Climate Action 100+ produces its latest net zero standard for diversified mining draft.
Mining companies have the potential to reduce transition risk and accelerate the global transition to net zero, including through… (1/4) pic.twitter.com/KJv90wumRi
— Climate Action 100+ (@ActOnClimate100) May 18, 2023