Reports & Commentary - Commodities

Climate Action 100+ released its Net Zero Standard for Diversified Mining, the first of its kind in this sector.

Meat-packing giant JBS agreed to discontinue “aspirational” claims about its goal to reach ‘net zero’ greenhouse gas emissions by 2040 after failing to convince an advertising watchdog of its accuracy.

Cargill and H2 Green Steel signed a multi-year offtake contract to supply near zero-emission steel.

The giant Brazilian agriculture company Amaggi is launching a new phase of its regenerative agriculture program in an effort to combat climate change.

The giant Brazilian agriculture company Amaggi is launching a new phase of its regenerative agriculture program in an effort to combat climate change.

The world’s largest grain trader, Cargill, is facing a first-ever legal challenge in the US over its failure to remove deforestation from its soya supply chain in Brazil.

The ICA's members will also work with customers to reduce their Scope 3 emissions by 10% by 2030, by 30-40% by 2040, and by 60-70% by 2050, it said.

The International Finance Corporation (IFC) launched the 'Net-Zero Roadmap for Copper and Nickel Mining Value Chains', two key metals for low-carbon technologies.

South Korean steel producer Posco Group will invest AU$60Bn ($40Bn) in Australia by 2040 across the green steel supply chain, including renewables and electrolysis.

The newly-formed Global Steel Climate Council or 'GSCC' is challenging the “sliding scale” carbon price proposal by the US and EU

Fortescue Metals Group will spend $6.2 billion over the next decade to decarbonize its iron ore operations.

The landscape industry is seeking to transition to zero emissions but two industry organizations warn that the shift will require investment in expensive equipment and infrastructure.

Teck Resources aims to achieve net-zero Scope 2 emissions by 2025, and net-zero Scope 3 emissions by 2050.

OZ Minerals hopes carbon offsets won’t be required to achieve the company’s new net zero by 2030 target.

The Louis Dreyfus Company (LDC), has announced a plan to eliminate the destruction of native vegetation from its soy supply chain in Brazil and across Latin America.

Wheaton Precious Metals Corp. outlined a commitment to reach net-zero emissions by 2050 and will provide more details in its 2021 sustainability report to be published in May.

Colombia's majority state-owned oil company Ecopetrol will invest up to $6 billion a year through 2040.

Japan’s largest exploration and production company aims to reduce its Scope 1 and 2 emissions to net-zero by 2050, with a 2030 goal of a 30% or more.

Indian state-controlled refiner HPCL wants to achieve net zero carbon emissions by 2040, and plans to have a green hydrogen production capacity of 24,000 t/yr in the coming years.

Imperial Oil aims to reduce Scope one and two GHG emissions from its operated oil sands facilities by 30% by the end of 2030.

Saudi Arabian Mining Co (Ma’aden) is aiming for carbon neutrality by 2050.

The company will cut emissions by 5% by 2025 and 25% by 2030, with a methane intensity reduction to less than 0.2%.

Newmont Corporation announced its intention to offer sustainability-linked senior unsecured notes.

Anglo American aims to reduce its Scope 3 emissions by 50% by 2040 and expects to draw 56% of grid electricity supply from renewables by 2023.

An alliance between Canada's five largest oil sands producers has announced additional details of its plan to achieve the goal of net zero.

Mining giant Fortescue has vowed to unveil a target next month to lower the greenhouse gases of its customers.

Shareholders will vote on whether the world's biggest listed miner should disclose details such as capital allocation and life of its fossil fuel assets.

The alliance of Canadian oil producers has committed to net zero makes while continuing to extract and produce oil for the next 30 years.