The Science and Paris Agreement
Anglo American supports the implementation of the Paris Climate Agreement, underpinned by mainstream climate science as assessed by the Intergovernmental Panel on Climate Change (IPCC). We recognise the Paris Agreement as the basis of governments’ aims to limit the global temperature increase to 1.5°C, which in turn informs our approach to climate change mitigation.
Value chain decarbonisation
While Scope 3 emissions are always the direct emissions of another entity, Anglo American recognises the role we can play in helping to reduce the emissions intensity of our value chain and therefore reducing our Scope 3 emissions. We advocate for policies that incentivise value chain partners to adopt low-carbon technologies and practices, and we support the development of standardised approaches to measure and report Scope 3 emissions across industries.
Carbon Compensation
Anglo American advocates for the integration of high-integrity carbon compensation into emission reduction strategies, recognising that compensation should come after all feasible avoidance, reduction, and restoration measures have been taken. We support regulations to ensure the quality and transparency of carbon offsets and carbon markets.
Carbon pricing and market mechanisms
Anglo American believes carbon pricing mechanisms have a critical role to play in driving meaningful action on Greenhouse Gas (GHG) emissions reductions. We support the development of consistent, broad, and interoperable carbon pricing policies across jurisdictions deployed through fair and well-designed market-based instruments to incentivise investment in low emission technologies.
Grants and incentives
Anglo American advocates for the expansion of targeted financial incentives, including grants, R&D funding, and tax credits, to accelerate the development and deployment of low-carbon technologies. We support policies that prioritise funding for innovations in renewable energy, energy efficiency, and carbon capture and storage (CCS), and advocate for these incentives to be structured in a way that drives investment in sustainable infrastructure.
Transparency and climate disclosure
Anglo American supports transparency on policy engagement including climate-related matters, as expressed by the Global Standards on Responsible Policy Engagement. We advocate for well-designed frameworks which encourage the disclosure of decision-useful information, such as the Task Force on Climate-Related Financial Disclosures (TCFD) and the International Sustainability Standards Board’s (ISSB). We also promote the need for consistency in disclosure standards to ensure comparability.
Resilience and adaptation
Anglo American is committed to enhancing climate resilience across our operations and the communities we impact. We advocate for policies that support the integration of climate adaptation measures into planning, including investments in resilient infrastructure, water resource management, and disaster preparedness. We support collaborative efforts with governments, NGOs, and other stakeholders to develop and implement effective adaptation strategies.
Just Transition
Anglo American promotes an approach to climate transition which considers the societal impacts, aiming to ensure that that transition is ‘equitable’ and ‘just’. We remain committed to considering how the Just Transition principles can be embedded in the conduct of all our business activities, including our approach to decarbonisation.
Nature / Biodiversity
Anglo American recognises the interdependency between climate and nature – noting that natural carbon sinks are a critical component of achieving net zero emissions at a global level. We advocate for policies that prioritise the conservation and restoration of ecosystems, promote sustainable land use practices, and integrate biodiversity considerations into climate policies, aligned to the vision of the Global Biodiversity Framework. We support initiatives that enhance natural carbon sinks, such as reforestation, and advocate for the inclusion of nature-based solutions in climate strategies.
Renewable power / low carbon electricity sources
Anglo American advocates for the global accelerated deployment of renewable energy and low-carbon electricity sources which can help support the provision of reliable, low carbon electricity for all sectors. We support policies that facilitate the development of renewable energy infrastructure, remove barriers to grid integration, and promote the decarbonisation of the power sector.
