20974 29Metals AR23 WEB V1 - Flipbook - Page 56
29Metals 2023 Annual Report
52
Responsible environmental stewardship continued
Action on Climate Change
We are committed to contributing to the global effort to minimise contributions
to global warming while seeking to mitigate the risks posed by Climate Change.
TCFD
As part of our 2021 Sustainability & ESG Report, we launched our roadmap for repor琀椀ng aligned to TCFD recommenda琀椀ons.
An outline and progress of our three-year TCFD Roadmap is set out below.
29Metals Actions
2022
Governance
2023
Con琀椀nue to build and
enhance Board and
Management climate
educa琀椀on sessions
TCFD Recommendation Element
Strategy
Risk
Management
Metrics and
Targets
Integrate climate change
risks and opportuni琀椀es
into risk management
framework
Completed emissions
profile assessment
(Scope 1 and Scope 2)
for exis琀椀ng opera琀椀ons
to inform development
of emissions reduc琀椀on
plan and target se琀�ng
2024
Con琀椀nuous improvement in
internal oversight
Con琀椀nuous improvement through
developing and ac琀椀oning the
Capricorn Copper Recovery Plan
Con琀椀nuous improvement
in internal oversight
Integrate climate change into
strategy to consider risks and
opportuni琀椀es
Undertake climate scenario
analysis, and disclose on
process and outcomes in
annual repor琀椀ng
Con琀椀nuous improvement in risk
management ac琀椀ons and monitoring
Set credible external medium-term absolute
emissions or emissions intensity reduc琀椀on
targets (Scope 1 and Scope 2)
The project was scoped in September 2023
and is ongoing
Integrate reduc琀椀on target(s) metrics into
internal and external repor琀椀ng processes
Assess emissions profile (Scope 3) for exis琀椀ng
opera琀椀ons to inform the development of an
emissions reduc琀椀on plan
Work was completed in 2022 to assess
Scope 3 emissions and establish a 2021
baseline. The results were presented in the
2022 Sustainability & ESG Report.
Greenhouse gas emission profile
In 2022, we transi琀椀oned to repor琀椀ng emissions on a calendar year
basis, in-line with our annual repor琀椀ng for emissions calcula琀椀ons
as per the Greenhouse Gas Protocol.
The Repor琀椀ng Period for the Na琀椀onal Pollu琀椀on Inventory (‘NPI’)
and Na琀椀onal Greenhouse Gas Emissions Repor琀椀ng Scheme (‘NGERS’)
results are from July–June annually and are reported in Appendix
B2 – B3 to the standalone version of this Sustainability & ESG Report.
This year, we removed the emissions intensity of greenhouse gases
against ore mined as it closely resembled the intensity against ore
milled and did not provide addi琀椀onal insights into our opera琀椀ons. These
calcula琀椀ons are s琀椀ll able to be made from the data provided in Appendix
B1 to the standalone version of this Sustainability & ESG Report
for transparency. Instead, we have introduced emissions intensity
against the total material mined, encompassing both ore containing
our products and the waste material moved to access the ore.
Monitor and report
progress against targets,
with related metrics
integrated into internal
and external repor琀椀ng
processes
Addi琀椀onally, we have also introduced the total electricity
imported alongside the already reported Scope 2 emissions
indicator. This addi琀椀on of electricity usage and Scope 2
emissions enhances transparency, dis琀椀nguishing reduc琀椀ons
in Scope 2 emissions resul琀椀ng from the emissions intensity
of the electricity grid, from improvements in energy e昀케ciency
of our opera琀椀ng ac琀椀vi琀椀es.
Capricorn Copper’s greenhouse gas emissions in 2023 were
nearly half that of 2022. However, the emissions intensi琀椀es
tripled for the amount of material moved and doubled for
the ore processed. These heightened intensi琀椀es re昀氀ect the
impact of an Extreme Weather Event in March 202328, where
produc琀椀on signi昀椀cantly decreased while energy consump琀椀on for
non-produc琀椀ve ac琀椀vi琀椀es, such as opera琀椀ng dewatering pumps
and repairing infrastructure damage, increased.
28. Refer to: “Impact of Extreme Rainfall on Capricorn Copper Opera琀椀ons” released to the ASX announcements pla琀昀orm on 9 March 2023; “Capricorn Copper Opera琀椀ons
Update” released to the ASX announcements pla琀昀orm on 15 March 2023; and “Strategic Update” released to the ASX announcements pla琀昀orm on 23 May 2023.
