Anglo American has been commended by the Carbon Disclosure Project (CDP) for its part in reducing carbon emissions and mitigating the risks of climate change.
The CDP Global 500 climate change report for 2013 is the world’s only global environmental disclosure system. The report lists the ways in which the largest companies are responding to a changing climate.
The annual index, compiled by PwC on behalf of CDP, highlights companies listed on the FTSE Global Equity Index Series (Global 500) that demonstrate strategies committed to improving their impacts on the environment. It is the second time Anglo American has been featured in a CDP report such as this.
CEO of Anglo America, Mark Cutifani, said: “Responding to climate change is part of being a responsible miner. We are working hard to ensure that sustainability is embedded in every part of our business and focusing on innovation in technology to improve our performance. For example, in 2013 we launched our Sustainability Valuation Approach – a methodology in mining and construction industries [that looks to ensure] sustainability factors are fully integrated and valued in project and investment decisions. Our new water target-setting tool, known as WETT, and our energy and carbon management programme, which we call ECO2MAN, are becoming firmly embedded in the business and both have already made a positive impact.”
“As a result, we have made good progress towards our environment targets. In 2012 we reduced the amount of energy we used by 5% against our business as usual plan, which saved us US$ 75 million in costs. We are on track to reduce our emissions footprint by 3.4 million tpa by 2015 and we are half-way towards our 2020 water savings target of 14%,” Cutifani concluded.
CDP’s climate change programme has been designed to increase awareness of the ways in which companies can achieve high efficiency levels, realise cost savings, while also making the most of commercial opportunities that arise from energy management, carbon emissions and climate change.
The climate performance leadership index (CPLI), compiled by CDP, is based on a number of different criteria associated with measuring, verifying and managing carbon footprints. 56 Global 500 companies feature in the 2013 CPLI.
Paul Simpson, CEO of CDP, said: “Natural resource scarcity is increasing, the scientific case for action to mitigate climate change is strengthening and the number of investors requesting corporate action on climate change through CDP is continually increasing. We congratulate companies in the CPLI for their efforts to combat climate change and grow low carbon economies at this critical time.”
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