Adds element, quotes LONDON/JOHANNESBURG, Dec 4 (Reuters) -
Adds element, quotes
LONDON/JOHANNESBURG, Dec 4 (Reuters) – Miner and dealer Glencore GLEN.L stated on Friday it aimed to succeed in net-zero emissions by 2050 via lowering its direct and oblique carbon footprint by 40% by 2035 in comparison with 2019 ranges.
Miners are underneath stress to chop carbon emissions as a part of international efforts to decelerate local weather change, with traders turning up the warmth in recent times by divesting and asking for extra disclosure.
The corporate, which mines coal, copper, cobalt amongst different metals, stated it will additionally deal with investing in metals that had been important for the transition to a decrease carbon world.
“Our ambition to be a web zero complete emissions firm by 2050 displays our dedication to contribute to the worldwide effort to attain the targets of the Paris Settlement,” CEO Ivan Glasenberg stated in an replace to traders.
Glencore sought to focus on its publicity to key battery metals and stated its share of earnings from thermal coal has fallen to 10-15% from 25-40%.
However the miner stays the world’s largest coal exporter and stated it didn’t consider that promoting its coal mines would assist cut back related emissions.
(Reporting by Zandi Shabalala and Helen Reid; modifying by David Evans and Louise Heavens)
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