Oz Minerals

OZ Minerals, an Australian company operating in the chemical and fertilizer minerals, salt and other mining and quarrying products sector, has detailed carbon emissions data and climate commitments.

For the fiscal year 2022, OZ Minerals reported a total of approximately 415,387,000 kg CO2e across all scopes. This comprised approximately 95,387,000 kg CO2e for Scope 1 emissions and about 230,651,000 kg CO2e for Scope 2 emissions. Scope 3 emissions for 2022 were reported as approximately 80,000,000 kg CO2e, with significant contributions from purchased goods and services (approximately 380,000,000 kg CO2e), upstream transportation and distribution (approximately 70,000,000 kg CO2e), business travel (approximately 10,000,000 kg CO2e), and employee commute (approximately 10,000,000 kg CO2e).

In 2021, total Scope 1 emissions were approximately 90,000,000 kg CO2e and Scope 2 emissions were approximately 250,000,000 kg CO2e. Scope 3 data was not fully disclosed for this year.

OZ Minerals is committed to ambitious decarbonisation goals. The company has a medium-term commitment to achieve net zero emissions by 2030, which includes residual Scope 1 and 2 emissions. Furthermore, OZ Minerals aims for its current operating assets to reduce Scope 1 emissions by 50 per cent by 2027, using a FY21 baseline. A review of their Decarbonisation Roadmap in 2022 indicated that they are on track to meet or exceed their Scope 1 commitment. For their net zero Scope 1 and 2 by 2030 commitment, projections suggest that combined Scope 1 and 2 emissions in 2030 could be between 58 per cent and 77 per cent below their FY21 baseline, influenced by reductions in the emissions intensity of the South Australian electricity grid. The decrease in Scope 2 emissions in 2022, despite increased energy consumption, was largely attributed to a significant decrease in the emissions intensity of the South Australian electricity grid, with renewable penetration of approximately 67.5 per cent in 2022.

The emissions data for OZ Minerals is cascaded from its ultimate parent, BHP Group Limited, at cascade level 2, with OZ Minerals Limited being the source organisation for performance data. OZ Minerals is also listed as part of the Climate Action 100+ initiative under BHP Group Limited at cascade level 2.