28 October 2021 Over the last year, diversified miner South32 has set a target to halve its operational (scope 1 and 2) emissions by 2035 and reach net zero by 2050. However, as a significant metallurgical coal producer, the scope 3 emissions (mostly those generated from the use of South32’s … Read More
South32’s new climate plan won’t include scope 3 targets
29 October 2020 Diversified mining company South32 told shareholders today it would have “something to say” about its huge scope 3 greenhouse gas emissions (those generated from the use of its products) when the company updates its climate policy next year. However, the company isn’t expected to include any clear … Read More
Australia’s major political parties, brought to you by fossil fuels!
February 2020 Every year, Australian governments and their departments spend billions of dollars of your money so that more coal, gas and oil can be extracted and burned. Favourable decisions include: tax-based subsidies direct contributions concessional loans from public financial institutions lax environmental laws and approvals for disastrous projects. Meanwhile, … Read More
South32 lagging on climate plans
24 October 2019 South32’s failure to bring forward emission reduction plans and commit to addressing downstream emissions leaves the company behind its big mining peers. Diversified miner South32 today confirmed it won’t be updating its emission reduction plans and targets until 2021. This will leave the company behind its big … Read More
Norwegian sovereign wealth fund pulls $3 billion out of AGL, BHP and South32
The Norwegian government’s decision to tighten the Government Pension Fund Global’s (GPFG) coal exclusion criteria will see the world’s richest sovereign wealth fund withdraw a combined AU$3 billion from AGL, BHP and South32. The announcement comes at a particularly bad time for AGL, just days after the company’s share price … Read More
South32: More to do on climate risk disclosure
23 November 2017 At its annual general meeting in Perth today, mining company South32 came under pressure from shareholders about its reluctance to take more substantial action on climate change. Earlier this year, South32 became the first mining company in Australia, and quite possibly the world, to publish a report … Read More