South32 has detailed its alignment with the Climate Action 100+ Net Zero Company Benchmark, outlining its net zero ambition and GHG reduction targets for 2036-2050. The company’s 2026 Annual Reporting Suite provides comprehensive disclosures relevant to the CA100+ indicators, covering its climate change action plan, operational emissions reduction, and support for emissions reduction across the value chain.
Material actions and disclosures
South32 has set an ambition to achieve net-zero GHG emissions by 2050 or sooner, as detailed in its climate change action plan. The company has also established long-term GHG reduction targets for the period between 2036 and 2050, covering at least 95% of its Scope 1 and 2 emissions and the most relevant Scope 3 emissions. These targets are aligned with the Paris Agreement goal of limiting global temperature increase to 1.5°C with low or no overshoot.
South32 has also set medium-term (2029-2035) and short-term (2025-2028) GHG emissions reduction targets, ensuring coverage of at least 95% of its Scope 1 and 2 emissions and the most relevant Scope 3 emissions. The company’s decarbonisation strategy explains how it intends to meet these medium- and long-term GHG reduction targets, specifying the role of climate solutions such as technologies and products that enable the economy to decarbonise.
South32’s governance structure includes oversight by the Sustainability Committee, which endorses material public sustainability commitments, including the FY35 emissions reduction target, and monitors progress against the Climate Change Action Plan. The Risk and Audit Committee considers climate-related risks and opportunities as part of its financial reporting and risk oversight responsibilities.
The company’s commitment to aligning its disclosures with the CA100+ Net Zero Company Benchmark is evident in its detailed reporting on GHG emissions, decarbonisation initiatives, and risk management activities.