Global warming poses danger to the life on earth, risking fresh water, food, and energy supplies. Greenhouse gas (GHG) emissions are the primary cause of global warming. Carbon dioxide (CO2), methane (CH4), and nitrogen oxides (NOx) are GHGs produced by the combustion of oil, fossil fuels, and other sources.
The metals and mining industry accounts for approximately 4% to 7% of worldwide greenhouse gas emissions. GHG emissions are produced by industry operations such as energy generation, heat or steam, and fuel use. The International Council on Mining and Metals (ICMM) has committed to a goal of net zero Scope 1 and 2 emissions by 2050.
Antofagasta Plc (Antofagasta), a subsidiary of Luksic Group, is a copper and gold mining company. The company's portfolio of mining assets and resources include copper, gold, molybdenum, and silver. In 2021, the company reported total GHG emissions of around 2.38 million tonnes CO2 equivalents (MtCO2eq), down 3% from 2020.
Scope 1, 2, and 3 emissions are the three categories of GHG emissions. Scope 1 emissions are direct emissions generated principally by the use of diesel in Antofagasta’s operations’ mine haulage trucks. Indirect GHG emissions from the generation of purchased or acquired electricity are referred to as Scope 2. Scope 3 emissions refer to the company's other indirect emissions beyond the company’s direct operations and occur in the company’s value chain, including upstream and downstream activities. The company is in the process of evaluating Scope 3 emissions together with their suppliers. The company is planning to make an inventory of these emissions in 2022 and to define a Scope 3 emission reduction goal in 2023.
Scope 2 emissions account for most of Antofagasta’s overall GHG emissions, accounting for 58.5% of total GHG emissions (1.39 MtCO2eq) in 2021. In 2021, the company's Scope 1 emissions fell by 6.4%, and Scope 2 emissions fell by 0.04%.
Antofagasta aims to cut its Scope 1 and 2 emissions by 30% by 2025 compared to 2020, and have committed to carbon neutrality by 2050, or sooner if the development of technology permits.
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