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.
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
Our Climate Program summarizes how we manage our climate-related risks and oppurtunities. The program also outlines our approach and progress regarding decarbonization. The decarbonization of our business will help mitigate risks with fossil fuel dependency. It also presents oppurtunities to establish cleaner operations and at the same time enhance our competitiveness and drive long-term profitability. The Climate Program includes disclouse sections on:
- Governance - how climate-related risks and opportunities are governed.
- Strategy - the actual and potential impacts of climate-related risks and opportunities on Boliden's business, strategy and financial planning.
- Risk management - how climate-related risks are identified, assessed, and managed.
- Metrics and targets - the metrics and targets used to assess and manage relevant climate-related risks and opportunities.
- Performance - the current performance and progress made by Boliden towards its climate targets.