Monday 7 December 2020

Anglo-Swiss mining giant Glencore pledges to reach net zero emissions by 2050

Anglo-Swiss mining giant Glencore has pledged to reach net zero emissions by 2050.

The company said it will achieve this goal by reducing its coal production and supporting the deployment of low carbon technologies.

It also promised to work with its value chain to enable greater use of low carbon metals and more efficient resource use.

Glencore has already set a target to cut its total emissions by 40% before 2035, compared to 2019 levels.

Ivan Glasenberg, Chief Executive Officer of Glencore, commented: "As the world prioritises renewable technologies, battery storage and electric mobility, our business is well-positioned to meet the growing demand for the commodities that underpin these future-focused industries.

"Our ambition to be a net zero total emissions company by 2050 reflects our commitment to contribute to the global effort to achieve the goals of the Paris Agreement.”