Mining’s critical enabling role in providing the metals and minerals needed for a low carbon world is increasingly recognised. Against this backdrop, we know that understanding the implications of climate change for our business is imperative.
Being resilient as a company however, is not enough. We also recognise our responsibility to understand the impact of our business, to minimise our footprint and maximise the value we create for all our stakeholders. Doing so is right for the long term sustainability of our business and the right thing for society. We see this as part of living our Purpose – re-imagining mining to improve people’s lives.
Our portfolio of world class operations, development projects and undeveloped resources provides many of the metals and minerals that enable a cleaner, greener, more sustainable world and that cater to demand trends of a growing global population. The copper, platinum group metals (PGMs), nickel and premium-quality iron ore that we produce are key raw materials for renewable electricity generation and distribution, for the electrification of transportation (in all its forms) and for other emerging technologies such as smart grids and the hydrogen economy. The introduction into our portfolio of low-carbon, organic polyhalite fertiliser, through the development of the Woodsmith project, means than 90% of our growth capital expenditure is allocated to projects in these future-enabling products.