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Climate Change

We are committed to understanding and managing our climate related obligations, risks and opportunities as we operate within an increasingly carbon-constrained and changing climate.

Mineral Resources supports the goals of the Paris Climate Agreement (Paris Agreement) and recognises the need to achieve these goals through a just and equitable transition which includes an understanding of the effects that climate change may have on our customers and the communities in which we operate.

Our climate change strategies and reporting are guided by international principles, frameworks, best practice, national regulatory compliance requirements and stakeholder engagement to ensure we take meaningful action to manage our impact on the environment. Our disclosure is primarily guided by the recommendations of the Task Force on Climate Related Financial Disclosures (TCFD) and underpinned by our Climate Change Policy.

 

Our Climate Change Strategy

We recognise the need to take action to reduce our carbon footprint. Our strategy is to adopt a practical and project-based approach to decarbonisation, using known technologies that are available today and are economically feasible.

This includes using the experience we have gained over three decades of operations and a proven ability to deliver – combined with our build-own-operate capability and innovative materials handling solutions – to respond to climate change challenges at our operations, deliver tangible outcomes in emissions reduction across our business and provide mining services solutions to assist the resources industry in its decarbonising efforts. It also includes providing the minerals the world needs to help decarbonise the planet, like lithium which is a key component in rechargeable batteries, power storage and electronic devices. Our lithium operations at Mt Marion and Wodgina make us one of the world’s largest owners of hard rock lithium units and will help to meet the increasing global demand for electric vehicles and energy storage.

 

Our Roadmap to Net Zero

In 2021, we implemented a Paris-aligned Roadmap to Net Zero Emissions to guide our path to net zero emissions by 2050. We strive to achieve our net zero target by focusing on displacing diesel fuel, renewable generation, electrification of equipment and transport, energy storage and adopting future fuels. Our abatement projects prioritise operational efficiencies and ‘net zero ready’ asset design to drive emissions reductions before carbon offset purchasing is considered.

We also take an active and collaborative approach in supporting the latest research and development of new clean energy technologies that are critical for the transition to a 1.5°C world. We continually review our performance against our Roadmap to Net Zero Emissions and report on our progress annually to ensure we remain agile and responsible to technological and commercial advancements, as well as material project developments, acquisitions or divestments.

Refer to our sustainability for further information.

 

Our Emission Reduction Initiatives

MinRes is dedicated to investigating alternative and renewable energy solutions in pursuit of reaching net zero emissions by 2050. In alignment with our emission reduction objectives, our headquarters at 20 Walters Drive in Osborne Park will exclusively utilise certified Green Power electricity starting from February 2024. As a business, we have made the commitment to ensuring our headquarters remains powered by 100% certified GreenPower electricity for a minimum of the next decade.

Further details on our various emissions reduction initiatives can be found in our annual Sustainability Report.