MinRes has announced its strategic climate-related target to achieve net zero operational emissions by 2050, with an interim target of a 45% reduction in combined Scope 1 and 2 mining emissions intensity by FY35. The company’s FY26 Scope 1 and 2 emissions were 796,180 tCO2e, marking an approximate 11% increase against the FY24 baseline and a 10% year-on-year increase.
Material actions and disclosures
The Group’s FY26 mining emission intensity was 16.66 kg CO2e per tonne shipped, representing a 51% reduction against the FY24 baseline and a 35% year-on-year reduction. This improvement was driven primarily by operational efficiencies at the Onslow Iron project following the achievement of nameplate capacity in August 2025, including the commissioning of a hybrid energy model comprised of a gas-fired power station, 3.8 MW solar farm, and 3.3 MW battery energy storage system.
MinRes Air, launched in 2024, provides charter services to the Group’s sites from a dedicated terminal in the Perth Airport precinct and commenced accounting for jet fuel used in aircraft operations as a Scope 1 emission following receipt of its Air Operator Certificate (AOC) in November 2025.
Forward commitments
The Group remains committed to its decarbonisation objectives and continues to pursue opportunities as outlined in its Climate Transition Plan (CTP). The CTP was refreshed in FY26 to reflect material changes to the Group’s operational boundary, business structure, and the evolving landscape of decarbonisation technologies and commercial opportunities.
Progress against the Group’s net zero ambition and interim emissions reduction target is monitored on an ongoing basis and formally reviewed at least four times per financial year by the Safety and Sustainability Committee.