Pacific Metals

Pacific Metals, a company operating within the nickel ores and concentrates industry headquartered in Japan, has outlined significant climate commitments, aiming for ambitious emissions reductions. For fiscal year 2024, the company reported total Scope 1, 2, and 3 emissions of approximately 173.3 million kg CO2e. This figure is comprised of approximately 99.1 million kg CO2e for Scope 1, approximately 572 million kg CO2e for Scope 2, and approximately 77 million kg CO2e for Scope 3.

Looking at previous years, Pacific Metals reported total emissions of approximately 791 million kg CO2e in fiscal year 2023, with Scope 1 at approximately 220 million kg CO2e, Scope 2 at approximately 492 million kg CO2e, and Scope 3 at approximately 99 million kg CO2e. In fiscal year 2022, Scope 1 and 2 emissions combined were approximately 852 million kg CO2e. Scope 1 and 2 emissions for fiscal year 2021 were approximately 1,011 million kg CO2e, and for fiscal year 2020, they stood at approximately 1,531 million kg CO2e. Earlier data shows Scope 1 and 2 emissions at approximately 2,344 million kg CO2e in 2019 and 2,523 million kg CO2e in 2018.

Pacific Metals is committed to achieving net zero emissions by 2050. As part of its near-term strategy, the company aims for a 46% reduction in greenhouse gas emissions by 2030, compared to a 2013 baseline. This goal encompasses all scopes (Scope 1, 2, and 3). Additionally, they are targeting a reduction of Scope 1 and 2 emissions by 55% by fiscal year 2025 and a more substantial 70% reduction by fiscal year 2030, also against the 2013 baseline. Initiatives to support these objectives include the use of carbon-free energy and the introduction of new technologies. Pacific Metals is also working towards becoming carbon neutral by 2040.