Evolution Mining Limited has reported ambitious targets to reduce its Scope 1 and 2 emissions by 30% by 2030 and achieve net zero emissions by 2050. The company is focusing on renewable energy procurement and energy efficiency initiatives to meet its decarbonization targets.
Material actions and disclosures
Evolution Mining has implemented several material actions to support its decarbonization strategy. These include the establishment of a Power Purchase Agreement (PPA) with AGL for renewable energy, the introduction of new trial hybrid equipment, and the establishment of an Energy and Strategic Procurement Committee. The company has also reviewed forecast energy demand and supply opportunities, and continued the implementation of the Net Zero Emissions Community of Practice.
Evolution Mining has reaffirmed climate change as a material risk to the business and completed an annual emissions reduction pathway review. The company’s decarbonization strategy focuses on operational efficiency and technology, and it has partnered with industry for accelerated energy efficiency and emissions evaluation.
Evolution Mining has also committed to mitigating Scope 3 emissions through collaboration with partners.
Forward commitments
Evolution Mining aims to continue implementing renewable energy procurement and further decarbonization through operational efficiency and technology. The company plans to enhance energy security and emissions reduction targets, and conduct an annual review of emissions reduction pathways. Evolution Mining also intends to evaluate new technologies and innovations, and assess investment in renewable electricity supply and infrastructure.
These forward commitments are part of the company’s strategic approach to decarbonization and energy efficiency.