Nickel Industries

Nickel Industries's reported carbon emissions

Nickel Industries, an Australian company operating in the nickel ores and concentrates sector, reported total global emissions of approximately 6.64 billion kg CO2e for the year 2024. This figure encompasses Scope 1 and Scope 2 emissions, which totalled approximately 2.93 billion kg CO2e and 3.71 billion kg CO2e, respectively. For 2023, the company's total emissions were approximately 6.63 billion kg CO2e, with Scope 1 emissions at about 3.19 billion kg CO2e and Scope 2 emissions at approximately 3.44 billion kg CO2e. In 2022, Nickel Industries' total emissions were approximately 3.58 billion kg CO2e, comprising Scope 1 emissions of about 1.77 billion kg CO2e and Scope 2 emissions of approximately 1.81 billion kg CO2e. The company's climate commitments include a target to reduce carbon intensity by 50% by 2035, using a 2022 baseline measured in tonnes of CO2 equivalent per tonne of nickel (tCO2-e/tNi). This intensity target applies across the portfolio within the reporting entity. Furthermore, Nickel Industries plans to mitigate transition risks by installing renewable energy technologies on its sites, with initiatives aimed at Scope 1 and Scope 2 emissions reduction expected between 2023 and 2025. While Scope 3 emissions data is not fully disclosed for recent years, there is an indication of investments contributing to Scope 3 in 2025, amounting to approximately 19.36 million kg CO2e. The company notes that data for Scope 3/purchased goods and services is missing. Emissions intensity figures have been reported, for example, 65,000 kg CO2e per tonne for steel in 2024 and 2023, and 64,000 kg CO2e per tonne in 2022. In 2021, emissions intensity was reported as 64,990 kg CO2e per tonne for copper and articles thereof, and other base metals. In 2020, the intensity was approximately 63,600 kg CO2e per tonne.