On May 11, Kinross announced our commitment to work towards the goals of the United Nations Framework Convention on Climate Change (UNFCCC) Paris Agreement, with the objective of being a net-zero GHG emissions company by 2050.
To support this objective, we are currently developing a strategy that we expect to finalize by year-end that will include tangible GHG reduction targets for 2030 and the steps we plan to take to achieve those targets.
“In line with our values and commitment to responsible environmental stewardship, Kinross is taking an important step and committing to reach net-zero greenhouse gas emissions by 2050,” said J. Paul Rollinson, President and CEO.
The Company is one of the lowest GHG emitters among its peers, and Kinross will continue to incorporate energy efficiencies into its projects and operations, such as the acquisition of two hydroelectric power plants in 2018 to increase renewable energy use at Paracatu. As potential elements of its strategy, Kinross is also exploring on-site renewable energy generation, including studying solar photovoltaic power at Tasiast, and sourcing renewable energy power from the grid at La Coipa, which is under evaluation as part of the project.
Kinross has a long record of transparency on climate-related disclosures and GHG emissions. The Company has been reporting on its emissions through the Global Reporting Initiative (GRI) Standards and Carbon Disclosure Project (CDP) frameworks since 2005, and in 2020, began implementation of the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
For more information on our commitment, view the May 11 news release here.
For more information on Kinross’ approach to climate change and energy, visit our latest Sustainability Report here.