Oz Minerals

OZ Minerals, an Australian company in the chemical and fertilizer minerals, salt, and other mining and quarrying products industry, reported its total carbon emissions for 2022 as approximately 406.04 million kg CO2e. This includes about 95.39 million kg CO2e from Scope 1 emissions, approximately 230.65 million kg CO2e from Scope 2 emissions, and around 80 million kg CO2e from Scope 3 emissions.

In 2021, OZ Minerals reported approximately 90 million kg CO2e for Scope 1 and around 250 million kg CO2e for Scope 2 emissions. For 2020, Scope 1 emissions were about 80 million kg CO2e and Scope 2 emissions were approximately 280 million kg CO2e.

OZ Minerals has set several climate commitments:

• Net Zero by 2030 (Scope 1 and 2): The company aims for net-zero residual Scope 1 and 2 emissions by 2030, with a commitment that combined Scope 1 and 2 emissions in 2030 will be between 58% and 77% below its FY21 baseline, depending on the emissions intensity of the South Australian electricity grid.
• Scope 1 Reduction by 2027: Through its Decarbonisation Roadmap, OZ Minerals aims to reduce Scope 1 emissions by 50% by 2027, relative to a FY21 baseline. The company reported that it is on track to meet or exceed this Scope 1 commitment, despite a 0.7% increase in Scope 1 emissions in 2022, which was anticipated in their roadmap.

OZ Minerals' emissions data and reduction targets are cascaded from OZ Minerals Limited as the source organization, as verified by CDP and organization performance data. The company's CA100 initiative source is cascaded from BHP Group Limited.