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Boliden's role in climate change

Decarbonizing to maximize our positive climate impact

Boliden’s vision is to be the most climate friendly and respected metal provider in the world. To us, this means working to reduce our climate impact and to constantly maintain and improve low-carbon metal production. There are intensive greenhouse gas emissions connected to metal production, but the electrification of carbon intensive technologies in society will require more metals. This means that our impact to enable the climate transition is diminished if we do not also improve our carbon footprint. We’ve decided on a way forward to follow global targets for decarbonization while also meeting an increased metal demand.

Focus areas and strategy

Our main objective is to provide metals with a low-carbon footprint, by decarbonizing our operations and supplying low-carbon metals. We are currently working towards a 40 percent reduction of our carbon dioxide intensity by 2030*. As a member of the International Council on Mining and Metals (ICMM), our long-term goal is net-zero carbon emissions in Scope 1 and 2** by 2050. That will align us with the ambitions set in the Paris agreement and keeping the global temperature increase below 2 degrees.

Boliden is a sustainability leader in the metals and mining sector. However, we still face climate related issues. To reduce climate impact and drive positive change throughout the industry, we need to focus our efforts where they will matter the most. In our mines, the diesel consumption of our mining trucks is the biggest source of carbon emissions. From a holistic perspective, smelters account for a significantly larger share of our emissions with the biggest sources being reducing agents and the recycling of e-scrap***.

It’s estimated that the demand for our metals will increase significantly during the coming years, largely due to the need for new energy sources. That applies to recycled products as well. In a future where the metal demand is much higher and emissions need to be drastically reduced, the use of alternative fuels and new process technologies is crucial.

*Base year 2012
**Calculating carbon emissions according to the GHG protocol. Scope 1 are direct emissions from our operations and Scope 2 is first and foremost the energy we consume.
***E-scrap contains plastic that is melted away in the process of recycling the metals, releasing large amounts of carbon dioxide.

 

CASE

Electrified transports

An important milestone has been reached in Kevista, as testing of trucks on an electric trolley line has begun. Thirteen trucks in total will be converted for use on the trolley line, as opposed to being fueled by diesel. This means carbon dioxide emissions connected to transports in Kevitsa will be reduced by 9 percent over the mine's lifetime.

Boliden's climate program

Governance and leadership

The Boliden Environmental Board, which consists of the Boliden Group Management team, has the overall responsibility for our climate strategy and long-term targets. The CEO reports progress to the Boliden Board, which monitors and oversees progress against goals and targets for addressing climate-related issues. Group Management is supported by an Environmental Council. The Boliden Climate Committee – an expert group that updates the Boliden’s Climate Program, consists of Business Area representatives and experts from our organization. The committee’s assignment is to follow up, suggest improvements and coordinate the climate work within Boliden. The committee reports quarterly to the Environmental Council. Each Business Area is responsible for implementing our climate strategy and long-term targets.

Metal demands 2050

Data based on The World Bank "Minerals for Climate Action: The mineral intensity of the clean energy transition" (2020), UBS electric vehicle projections (2017)

Copper

5,678,000t

+29%

Nickel

2,268,000t

+99%

Zinc

1,250,000t

+9%

Lead

781,000t

+18%

Silver

15,000t

+56%

Tonnage of increased metals demanded by 2050 global climate technologies

Percentage increase in 2050 global metal demand versus today's global production 2020

Boliden's Carbon Emissions

Carbon dioxide emissions 2020 per source

(Scope 1 + Scope 2)

Total reported CO2 emissions are 897 (917) k metric tons for the year

Low-Carbon Copper

Boliden's low-carbon copper is produced from copper mined in our own mines in the north of Sweden, using a clean energy. This gives the product one of the lowest carbon footprints of any refined coppers in the world. The primary raw material for Boliden's recycled copper is used electronics. By efficiently recovering all the metals that has been circulated in society, the need for new mines can be held at a minimum. Both products have a carbon footprint of less than 1.5kg CO2 per kilogram of copper, compared to the global average of 4kg.

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Current and upcoming activities

Aiming for a fossil free mine

Swedish Energy Agency supports a fossil-free Rävliden

/sustainability/our-responsibilities/climate

Implementing an electric trolley line in Kevitsa

Developing climate smart transports

/sustainability/our-responsibilities/climate

Contact

Boliden Head Office

Boliden Group
Klarabergsviadukten 90
P.O. Box 44, SE-101 20 Stockholm
Tel: + 46 8 610 15 00
Fax: + 46 8 654 80 90