Decarbonisation strategy in action from the outset
14/06/2024Liontown is committed to setting a new standard for environmentally responsible mining. We have a bold goal to achieve net zero emissions by 2034 and well on the way to developing a comprehensive strategy to address the risks and challenges posed by climate change.
We spoke to Liontown GIS and Decarbonisation Specialist Rafael Louzeiro about the work he has been doing in this space to set us up to meet our goals from the outset of operations at Kathleen Valley.
“Our plan focuses on both Scope 1 emissions, which come directly from our operations, and Scope 2 emissions, which come from the electricity we purchase,” said Rafael. In developing a robust decarbonisation strategy for our company, Rafael included the following key components:
- Developing opportunity statements, vision, and goals: These guide our sustainability efforts
- Reviewing external market and client expectations: We aim to stay ahead of industry trends and standards
- Undertaking industry benchmarking: This helps us measure our progress against peers
- Testing decarbonisation scenarios: We provide actionable recommendations based on these tests
- Creating a net zero roadmap: This includes short-term (2026) and long-term (2034) targets, with estimated costs and resource requirements.
- Scenario modelling options: We ensure alignment with standards such as TCFD, IFRS S2, ISO 14090, and ISO 14091
- Conducting climate change and natural hazards risk assessments: These inform our resilience and transition plans
We are leveraging cutting-edge technology to tackle climate change and have implemented the Clear Carbon system to accurately track our greenhouse gas emissions, capturing the data needed to make informed, sustainable decisions.
“By collecting data early and using advanced analytics, we can make informed, sustainable decisions to do things like improve our fleet’s fuel efficiency and optimise electricity consumption to achieve our goal,” Rafael said.
From first production, we have committed to providing at least 60% of our energy from renewable sources like solar and wind. This makes us one of the few mining companies in Australia to achieve such a high level of renewable energy use from the outset of operations. Right from the start, we are dedicated to reducing our carbon footprint, demonstrating our dedication to environmental stewardship.
Our commitment to the Task Force on Climate-Related Financial Disclosures (TCFD) and scenario modelling in line with TCFD recommendations underscores our dedication to de-risking activities and advancing our decarbonisation pathway through science-based, stress-tested approaches. Throughout the life of our mine at Kathleen Valley, we will prioritise energy efficiency and produce materials with the lowest possible carbon footprint.