MINING CORPORATIONS – ENVIRONMENTAL ASPECTS

Act on climate change or face investor backlash, McKinsey warns CEOs

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Original article by Elouise Fowler
The Australian Financial Review – Page: 16 : 5-Feb-20

McKinsey & Company has released a report which argues that although the mining sector has started taking action to reduce carbon emissions, more needs to be done. The report notes amongst other things that the mining industry’s greenhouse gas reduction targets are still generally well below those required under the Paris climate agreement. The global consultant also says mining companies need to take more action with regard to Scope 3 emissions.

CORPORATES
McKINSEY AND COMPANY

Rio faces new Scope 3 carbon emissions push

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Original article by Peter Ker
The Australian Financial Review – Page: 19 : 3-Feb-20

Market Forces will put a resolution to Rio Tinto shareholders which calls for the resources group to set targets for its so-called Scope 3 carbon emissions. More than 100 shareholders have expressed support for the resolution, and a similar resolution in 2019 was backed by over six per cent of Rio Tinto’s shareholders. Rival iron ore miners BHP and Vale have committed to setting targets for reducing their Scope 3 emissions.

CORPORATES
RIO TINTO LIMITED – ASX RIO, MARKET FORCES, FRIENDS OF THE EARTH, BHP GROUP LIMITED – ASX BHP, VALE SA