Tharisa PLC pledged to reduce carbon emissions 30% by 2030 and said it intends to be carbon net neutral by 2050.
The platinum and chrome producer said it reviewed its operations with respect to establishing a corporate plan to reduce its carbon emissions whilst it continues to grow operations to produce metals needed in the energy transition away from fossil fuels and towards the decarbonisation of economies.
Investment decisions taken by Tharisa's board will now be informed by the decarbonisation targets alongside the current financial investment criteria, a statement said.
“As an industry, we must focus on the management and mitigation of mining activities, which by their very nature have an impact on the environment and local communities and we strive to balance this with the positive impact we are generating for stakeholders and our community by developing our business sustainably and responsibly,” said chief executive Phoevos Pouroulis.
“We have today outlined our decarbonisation targets to be achieved by specific points in time.
“Further refinements in, and details about, these targets will be announced over time, but we will strive to exceed these initial targets, both in quantum and speed of achievement.
“The world faces an enormous challenge to decarbonise rapidly and Tharisa will do its part to achieve carbon neutrality by 2050.”
Pouroulis, meanwhile, highlighted that the company’s research team and industrial partnership relationships are focused on the significant role to be played in producing critical metals affecting the move towards decarbonisation and energy transition.