Oz Minerals

Oz Minerals, an Australian company in the chemical and fertilizer minerals, salt, and other mining and quarrying products industry, reported total Scope 1, 2, and 3 emissions of approximately 786,038,000 kg CO2e in 2022.

In 2022, Oz Minerals's Scope 1 emissions were 95,387,000 kg CO2e. Scope 2 emissions for the same year were 230,651,000 kg CO2e, reflecting a 7.7% decrease compared to 2021, largely attributed to a significant decrease in the emissions intensity of the South Australian electricity grid due to renewable penetration. Scope 3 emissions in 2022 were 80,000,000 kg CO2e, which included 38,000,000 kg CO2e from purchased goods and services, 70,000,000 kg CO2e from upstream transportation and distribution, 10,000,000 kg CO2e from business travel, 10,000,000 kg CO2e from employee commute, and 5,000,000 kg CO2e from waste generated in operations.

For historical context, in 2021, Scope 1 emissions were 90,000,000 kg CO2e and Scope 2 emissions were 250,000,000 kg CO2e. In 2020, Scope 1 emissions were 80,000,000 kg CO2e and Scope 2 emissions were 280,000,000 kg CO2e.

Oz Minerals has committed to achieving net-zero Scope 1 and 2 emissions by 2030, with combined Scope 1 and 2 emissions anticipated to be between 58% and 77% below their FY21 baseline by that year. The company also aims to reduce its Scope 1 emissions by 50% by 2027, relative to a FY21 baseline, for its current operating assets. As of 2022, the company reported being on track to meet or exceed its Scope 1 commitment, despite a 0.7% increase in Scope 1 emissions in 2022, which was anticipated in their Decarbonisation Roadmap.

The climate commitments and emissions data for Oz Minerals are specifically attributed to OZ Minerals Limited, rather than being cascaded from its parent company, BHP Group Limited.