On February 16th, we announced details of our Climate Change Strategy and greenhouse gas reduction action plan, which includes our commitment to working towards the goals of the 2015 Paris Agreement.
For more information, view the news release here.
The strategy is aligned with our previously announced goal of being a net-zero GHG emissions company by 2050 and has set a target to achieve 30% reduction in scope 1 and scope 2 emissions by 2030. We will also work with our suppliers on addressing scope 3 emissions.
Kinross is using 2021 as the baseline year as part of its Climate Change Strategy objectives. The data for 2021 is the most recently available information and is being assured by a third party.
The strategy is structured into the following five pillars:
- Incorporating energy efficient and renewable energy projects into operations
- Partnering with equipment manufacturers and energy suppliers to reduce GHG emissions and energy use
- Embedding climate change considerations into strategic business decisions
- Maintaining robust governance and transparent reporting
- Enhancing the business’ resiliency to climate change to mitigate risks
“Operating responsibly in a manner that is protective of the environment is a key tenet of Kinross’ values and business strategy. As part of our commitment to prioritizing sustainability, we acknowledge the global importance of climate change action and creating a long-term plan to mitigate our impacts,” said Paul Rollinson, President & CEO. “Our Climate Change Strategy and goals are not only essential to safeguarding the environment, they are also vital to the long-term success of our business. We will continue building on our position as one of the lowest GHG emitters among our peers to make a tangible contribution to help mitigate climate change.”
Kinross’ Climate Change Strategy is in line with our values and commitment to sustainable mining, and builds on our strong record in this area. To learn more about Kinross’ approach to responsible mining, view our sustainability page here.