Antofagasta plc has announced updated greenhouse gas emissions targets, with a focus on reducing Scope 1 and 2 emissions by 50% by 2035 and Scope 3 emissions by 10% by 2030. The company has already met its previous emissions target ahead of schedule in 2022. Antofagasta plc also maintains its carbon neutral target for 2050. The company has developed a detailed decarbonization strategy to accompany these targets, which is expected to be released alongside the Annual Report and Sustainability Report in March 2024. The Scope 1 and 2 emissions target is set against a baseline year of 2020 and accounts for the planned increase in copper production during the envisaged time period. The Scope 3 emissions target is set against projected emissions.
For more information, the full announcement can be found on the Antofagasta plc website.