Oz Minerals

Oz Minerals's reported carbon emissions

OZ Minerals, headquartered in Australia and operating within the chemical and fertilizer minerals, salt and other mining and quarrying products sector, has set ambitious targets for emissions reduction. The company is on a journey towards net-zero emissions by 2030. For 2022, OZ Minerals reported a total of approximately 104,387,000 kg CO2e for Scope 1 emissions. Scope 2 emissions for the same year stood at approximately 230,651,000 kg CO2e. Scope 3 emissions, encompassing purchased goods and services, upstream transportation and distribution, business travel, employee commute, and waste generated in operations, amounted to approximately 503,000,000 kg CO2e. The total combined Scope 1, 2, and 3 emissions for 2022 were approximately 838,038,000 kg CO2e. In 2021, 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 has a significant medium-term commitment to achieve net-zero emissions by 2030, which includes residual Scope 1 and 2 emissions. A key target within their Decarbonisation Roadmap is to reduce Scope 1 emissions by 50% by 2027, relative to a 2021 baseline. The company's 2022 review indicated they are on track to meet or exceed this Scope 1 commitment. Regarding their net-zero goal for Scope 1 and 2 emissions by 2030, OZ Minerals anticipates a combined reduction of between 58% and 77% below their FY21 baseline. This projection is dependent on the extent of reduction in the emissions intensity of the South Australian electricity grid. The company noted that Scope 1 emissions increased by 0.7% in 2022 compared to 2021, which was an anticipated trajectory within their Decarbonisation Roadmap. The decrease in Scope 2 emissions in 2022, despite increased energy consumption, was attributed to a significant decrease in the emissions intensity of the South Australian electricity grid, with renewable penetration at approximately 67.5% in 2022. It is important to note that some data is cascaded. OZ Minerals is a current subsidiary of BHP Group Limited (cascade level 2), and their climate-related initiatives, specifically those under CA100, are sourced from BHP Group Limited. Performance data is sourced from OZ Minerals Limited itself.