ICMM commitment to net-zero GHG emissions by 2050

Members of the International Council on Mining and Metals (ICMM) have committed to a goal of net-zero scope 1 and 2 greenhouse gas (GHG) emissions by 2050 or sooner, in line with the ambitions of the Paris Agreement. This landmark commitment was made in an open letter signed by the CEOs of ICMM’s company members.

The rate and nature of the ultimate decline in emissions will vary across the different commodities and geographies represented by their diverse membership. Yet their approach to individually setting and meeting targets will be consistent and include the following: (i) Setting Scope 1 and 2 targets; (ii) Accelerating action on Scope 3 GHG emissions; (iii) Covering all material sources; (iv) Focussing on absolute reductions; (v) Applying robust methodologies; and (vi) Disclosing openly and transparently.

These commitments are additional to and have been incorporated into an update of ICMM’s Climate Change Position Statement which had several pre-existing commitments on performance and disclosure. Action on climate change is an integral part of ICMM’s Mining Principles, representing the comprehensive commitment to a responsible mining and metals industry.