REG - Anglo American PLC - Update on sustainability performance

Anglo AmericanAnnouncement

31/10/2022 11:00

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RNS Number : 7370E  Anglo American PLC  31 October 2022

 31 October 2022
 Anglo American updates on carbon neutrality, biodiversity and responsible
 mining assurance

Anglo American plc ("Anglo American") is today presenting its twice-yearly
sustainability performance update, including in relation to decarbonisation,
net positive biodiversity and progress towards assuring all operations against
recognised responsible mining standards.

 

Duncan Wanblad, Chief Executive of Anglo American, said: "There is growing
awareness of the centrality of mining to enabling the energy transition and
the contribution we can make to a more sustainable future. Recognising that
many of the metals and minerals we produce are critical to the technologies
required to decarbonise the world's energy and transport systems, our
commitment to being part of the solution to climate change begins in our own
business by meeting our emissions reduction and carbon neutrality goals. All
the while, we know we also have a role to play to support host countries and
communities in terms of skills, jobs and new fields of economic opportunity
that are emerging. This transition must include all of society - it must be
"Just".

 

"As a further commitment to our holistic set of sustainability ambitions, we
put in place our Sustainability Financing Framework in recent months,
meaningfully linking certain of our funding requirements to the stretching
sustainability objectives we have set for our business. Within that framework
we issued our first sustainability-linked bond, including performance targets
to reduce greenhouse gas emissions and fresh water abstraction, and to support
job creation in host communities - a first of its kind for the mining sector."

 

 

Emissions reduction - progressing towards carbon neutral operations by 2040

 

Anglo American set a target in 2018 to reduce GHG emissions by 30% by 2030, on
our pathway to achieving carbon neutrality across our operations by 2040.
On-site energy requirements are the largest source of our operational
emissions and we are making good progress towards their abatement. By 2023,
all our South America operations will have 100% renewable electricity supply
and, for southern Africa, we have partnered with EDF Renewables to develop 3-5
GW of clean generation capacity, which is expected to meet Anglo American's
operational power requirements and support the resilience of local electricity
supply systems. We have also set an ambition to reduce our scope 3 emissions
by 50% by 2040, including by forming a number of partnerships with major steel
customers to work together to unlock clean steelmaking technologies.

 

 

Biodiversity - delivering net positive impact

 

Anglo American's Sustainable Mining Plan commits us to achieving a net
positive impact on biodiversity across our managed operations. We have
completed detailed baseline assessments, defining significant biodiversity
features to protect and further restore, including key habitats and species
and important ecosystems. We are investing in innovative technologies and
nature-based solutions to mitigate climate change impacts and water scarcity,
and to nurture wildlife habitats, with biodiversity management plans for each
site being integrated into our life of asset plans.

 

 

Responsible mining - assuring all our operations against recognised standards

 

Anglo American has been engaging to develop responsible mining standards since
2005. Our Sustainable Mining Plan commits us to assuring all our sites against
recognised responsible mining standards by 2025 and we are on track to meet
that goal. We are increasingly finding that our most important customers are
those whose own values and aspirations align with those of Anglo American,
attributing value not only to the physical characteristics of the products we
sell, but also to the ethical approach and commitments of those who produce
them.

 

 

Mr Wanblad added: "The world we are living in is changing in so many ways, not
least in society's expectations of businesses across many industries. We have
set up Anglo American to be resilient, disciplined, opportunistic - and
responsible. We have the people, the assets and the capabilities to deliver
sustainable returns over the long term. It is incumbent on us to deliver the
metals and minerals the world so urgently needs in the cleanest and most
socially responsible way possible."

 

 

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.

 

 

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)
 South Africa

 Nevashnee Naicker                                                                  Tel: +44 (0)20 7968 1494

 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

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)

 

 

 

 

 

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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