In tandem with its mission to continue reducing its climate impact, Weir Group has committed itself to the Science Based Targets initiative, which its CEO said will transform its environmental footprint moving forward.
The company will set its emissions reduction targets in line with those of the Paris Agreement, and that will be over and above Weir’s already-existing Scope 1 and Scope 2 CO2e targets that cover its operations.
“As we look at our broader value chain, CO2e emissions beyond our own facilities (Scope 3) are dominated by the use of our products and solutions in our customers’ operations,” it said.
“Engineering innovative products and solutions that significantly drive down those emissions will not only deliver Weir’s climate ambition but also that of our customers, and some of our technologies already offer energy savings of up to 40%.”
Weir expects to publish its updated targets and have them validated during this year.
“Further innovation to reduce energy consumption per tonne of ore processed will help drive emissions down. But meeting SBTi expectations will also require broader energy transformation in mining and we are ready to partner with customers and the industry to help make that happen,” the company said, calling joining the SBTi an “important step” in its strategy for the future at its operation and in the wider value chain.
CEO Jon Stanton added: “Transforming the environmental footprint of the mining sector will not be easy but it is essential. Adopting science-based targets sees us stepping up our commitment to our customers, and society, to work in partnership to develop the solutions needed to tackle climate change head on.”