REG - Anglo American PLC - Anglo American sustainability performance update

Anglo AmericanAnnouncement

18/04/2023 08:00

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RNS Number : 5086W  Anglo American PLC  18 April 2023

 18 April 2023
 Anglo American updates on sustainability progress - carbon neutrality, thriving communities and workplace culture

 

Anglo American plc ("Anglo American") is today presenting its regular
sustainability performance update, including progressing towards carbon
neutral operations, creating thriving communities, and building a safe,
inclusive and diverse workplace culture.

 

Duncan Wanblad, Chief Executive of Anglo American, said: "Addressing climate
change is an increasingly urgent challenge for all businesses. With our
diversified product portfolio, we are well-placed to responsibly deliver many
of the critical metals and minerals the world requires to transition to a
cleaner, greener world. Our commitment to being part of the solution begins in
our own business by meeting our carbon neutrality goals, while recognising
that partnerships are vital to deliver our shared endeavour of a low carbon
future.

 

"Everyone needs to play their part, from governments and businesses, to civil
society and individuals. It is essential we also support skills and jobs and
help catalyse new economic activity because this transition must include all
of society - it must be 'Just'. Through our Collaborative Regional
Development approach, we act as a development partner to help improve lives
by catalysing thriving communities with diversified economies that endure and
prosper well beyond our presence."

 

 

Carbon neutral operations by 2040

 

Anglo American is progressing towards its ambition to become carbon neutral
across our operations by 2040. At the end of 2022, our Scope 1 and 2
emissions were 21% below the peak levels of 2019. This significant reduction
reflects our transition to 100% renewable electricity supply across our South
America operations, with Australia to follow in 2025. In southern Africa, now
our largest source of Scope 2 emissions, we have partnered with EDF Renewables
to develop 3-5 GW of clean generation capacity over the next decade.

 

While Scope 3 emissions reduction is largely dependent on the decarbonisation
of our value chains and the steel industry in particular, which represents the
significant majority of our footprint, we are progressing on our target to
halve these emissions by 2040. With this in mind, we are working with several
prominent steelmaking customers to help develop cleaner steelmaking
technologies. We are also cutting carbon emissions in our shipping activities
through the introduction of our 10-strong LNG dual-fuelled "Ubuntu" shipping
fleet over the course of 2023 and 2024, with two capesize vessels already in
service and offering up to a 35% emissions reduction compared to conventional
fuel.

 

 

Thriving communities through local procurement and livelihoods programmes

 

Anglo American's Sustainable Mining Plan commits us to supporting three jobs
offsite for every job in our operations by 2025, increasing to five offsite
jobs by 2030, with our focus on local procurement and our Collaborative
Regional Development (CRD) approach playing a major role. Through CRD, we are
making further investments with our partners in agriculture, agro-processing,
municipal capacity-building, and education, catalysing diversification within
local economies and helping to ensure the positive impacts of our operations
are felt beyond the life of mine. By the end of 2022, we had supported 115,000
jobs through local procurement and socio-economic development programmes since
the launch of our Sustainable Mining Plan in 2018, supporting 1.8 offsite jobs
for every onsite job in relevant countries.

 

 

Building a safe, inclusive and diverse workplace culture

 

Anglo American promotes a safe, inclusive and diverse environment where every
colleague is valued and respected for who they are and has the opportunity to
fulfil their potential. We go beyond physical safety by helping to create an
environment of psychological safety. In November, as part of our Living with
Dignity programme, we launched our first Living with Dignity hub in
South Africa. The Hub is an independently managed facility that provides
victims of gender-based violence, bullying, harassment and victimisation
(whether in the workplace or at home in the form of domestic violence) an
independent reporting channel, as well as expert psycho-social and legal
support.

 

In 2022, we embarked on accreditation with the Fair Wage Network and we are
proud to have been awarded status as a committed global living wage employer
in January 2023. Anglo American is the first mining company to reach this
milestone. Beyond the mining sector, Anglo American is the third company in
the world to be Living Wage globally accredited by the Fair Wage Network.

 

Sustainability Performance Presentation

 

Today's Sustainability Performance presentation will be available on the Anglo
American website www.angloamerican.com at 12.30pm UK time, with the
presentation itself starting at 1.30pm UK time. A full recording will be
available following the presentation at:
www.angloamerican.com/investors/investor-presentations.

 

 

 

Notes to editors:

 

Anglo American is a leading global mining company and our products are the
essential ingredients in almost every aspect of modern life. Our portfolio of
world-class competitive operations, with a broad range of future development
options, provides many of the future-enabling metals and minerals for a
cleaner, greener, more sustainable world and that meet the fast growing every
day demands of billions of consumers. With our people at the heart of our
business, we use innovative practices and the latest technologies to discover
new resources and to mine, process, move and market our products to our
customers - safely and sustainably.

 

As a responsible producer of diamonds (through De Beers), copper, platinum
group metals, premium quality iron ore and steelmaking coal, and nickel - with
crop nutrients in development - we are committed to being carbon neutral
across our operations by 2040. More broadly, our Sustainable Mining Plan
commits us to a series of stretching goals to ensure we work towards a healthy
environment, creating thriving communities and building trust as a corporate
leader. We work together with our business partners and diverse stakeholders
to unlock enduring value from precious natural resources for the benefit of
the communities and countries in which we operate, for society as a whole, and
for our shareholders. Anglo American is re-imagining mining to improve
people's lives.

 

www.angloamerican.com (http://www.angloamerican.com)

 

 

 

 

For further information, please contact:

 

 Media                                                                              Investors

 UK                                                                                 UK

 James Wyatt-Tilby                                                                  Paul Galloway

 james.wyatt-tilby@angloamerican.com                                                paul.galloway@angloamerican.com (mailto:paul.galloway@angloamerican.com)
 (mailto:james.wyatt-tilby@angloamerican.com)

                                                                                  Tel: +44 (0)20 7968 8718
 Tel: +44 (0)20 7968 8759

                                                                                  Emma Waterworth
 Marcelo Esquivel                                                                   Emma.waterworth@angloamerican.com (mailto:Emma.waterworth@angloamerican.com)

Tel: +44 (0) 20 7968 8574
 marcelo.esquivel@angloamerican.com (mailto:marcelo.esquivel@angloamerican.com)

 Tel: +44 (0)20 7968 8891

                                                                                  Michelle Jarman

                                                                                  michelle.jarman@angloamerican.com (mailto:michelle.jarman@angloamerican.com)
 Rebecca Meeson-Frizelle

 Rebecca.meeson-frizelle@angloamerican.com                                          Tel: +44 (0)20 7968 1494
 (mailto:Rebecca.meeson-frizelle@angloamerican.com)

 Tel: + 44 (0)20 7968 1374

 South Africa

 Nevashnee Naicker

 nevashnee.naicker@angloamerican.com

 Tel: +27 (0)11 638 3189

 Sibusiso Tshabalala

 sibusiso.tshabalala@angloamerican.com
 (mailto:sibusiso.tshabalala@angloamerican.com)

 Tel: +27 (0)11 638 2175

 

 

Forward-looking statements:

This document includes forward-looking statements. All statements other than
statements of historical facts included in this document, including, without
limitation, those regarding Anglo American's financial position, business,
acquisition and divestment strategy, dividend policy, plans and objectives of
management for future operations (including development plans and objectives
relating to Anglo American's products, production forecasts and Ore Reserve
and Mineral Resource positions) and environmental, social and corporate
governance goals and aspirations, are forward-looking statements. By their
nature, such forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Anglo American or industry results to be
materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements.

 

Such forward-looking statements are based on numerous assumptions regarding
Anglo American's present and future business strategies and the environment in
which Anglo American will operate in the future. Important factors that could
cause Anglo American's actual results, performance or achievements to differ
materially from those in the forward-looking statements include, among others,
levels of actual production during any period, levels of global demand and
commodity market prices, mineral resource exploration and development
capabilities, recovery rates and other operational capabilities, safety,
health or environmental incidents, the effects of global pandemics and
outbreaks of infectious diseases, the outcome of litigation or regulatory
proceedings, the availability of mining and processing equipment, the ability
to produce and transport products profitably, the availability of transport
infrastructure, the impact of foreign currency exchange rates on market prices
and operating costs, the availability of sufficient credit, the effects of
inflation, political uncertainty and economic conditions in relevant areas of
the world, the actions of competitors, activities by courts, regulators and
governmental authorities such as in relation to permitting or forcing closure
of mines and ceasing of operations or maintenance of Anglo American's assets
and changes in taxation or safety, health, environmental or other types of
regulation in the countries where Anglo American operates, conflicts over land
and resource ownership rights and such other risk factors identified in Anglo
American's most recent Annual Report. Forward-looking statements should,
therefore, be construed in light of such risk factors and undue reliance
should not be placed on forward-looking statements. These forward-looking
statements speak only as of the date of this document. Anglo American
expressly disclaims any obligation or undertaking (except as required by
applicable law, the City Code on Takeovers and Mergers, the UK Listing Rules,
the Disclosure and Transparency Rules of the Financial Conduct Authority, the
Listings Requirements of the securities exchange of the JSE Limited in South
Africa, the SIX Swiss Exchange, the Botswana Stock Exchange and the Namibian
Stock Exchange and any other applicable regulations) to release publicly any
updates or revisions to any forward-looking statement contained herein to
reflect any change in Anglo American's expectations with regard thereto or any
change in events, conditions or circumstances on which any such statement is
based.

 

Nothing in this document should be interpreted to mean that future earnings
per share of Anglo American will necessarily match or exceed its historical
published earnings per share. Certain statistical and other information about
Anglo American included in this document is sourced from publicly available
third party sources. As such it has not been independently verified and
presents the views of those third parties, but may not necessarily correspond
to the views held by Anglo American and Anglo American expressly disclaims any
responsibility for, or liability in respect of, such information.

 

Legal Entity Identifier: 549300S9XF92D1X8ME43

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