Emeco, a leading Australian mining equipment provider, has set a net zero emissions target by 2050 and aims to reduce operational GHG emissions by 85% by FY35, focusing on Scope 3 emissions. The company’s principal ESG development centers on decarbonisation and environmental management.
Material actions and disclosures
Emeco has set a materiality threshold of 10,000 tonnes CO2e for Scope 3 categories and adopted the GHG Protocol’s control approach for emissions reporting. The company has estimated emissions factors for Scope 1, 2, and 3 categories using methodologies from the National Greenhouse Accounts (NGA) Factors and the US EPA. Emeco has also invested in solar PV panels on the roof of its Kalgoorlie workshop to reduce reliance on network electricity.
Scope 3 emissions are estimated to be 642,000 tCO2e, which are the majority of the company’s value chain emissions. Emeco focuses on purchasing goods and services, capital goods, and downstream leased assets as the largest sources of Scope 3 emissions.
Forward commitments
Emeco plans to replace 10% of the light vehicle fleet in FY27 with more efficient, lower emission vehicles. The company aims to reduce operational GHG emissions by at least 85% from FY25 levels by FY35 and achieve net zero emissions across the value chain by 2050. Emeco will continue to monitor and engage with stakeholders to understand progress in the steel industry.
Emeco also intends to invest in technology and emissions measurement capabilities to support its climate-related strategy and explore methodologies for estimating upstream emissions.
Emeco’s commitment to net zero emissions by 2050 is in line with the Paris Agreement and consistent with the goals of the Australian Government and many of the largest mining companies operating in Australia.