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Kumba ranked carbon disclosure leader

5th December 2016

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

  

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JOHANNESBURG (miningweekly.com) – Kumba Iron Ore, a business unit of Anglo American, has been named one of the carbon disclosure leaders for 2016 by Engaged Tracking (ET) Index Research – the only company from the Brazil, Russia, India, China and South Africa grouping on the list.

In its yearly ‘ET Carbon Rankings’, released on Monday, the research firm ranks the world’s largest companies according to greenhouse-gas (GHG) emissions and disclosure using data compiled from publicly available emissions data taken from company sustainability reports, annual reports and websites. The award is reserved exclusively for companies publicly disclosing a third-party assured carbon footprint, including their entire value chain emissions.

Kumba CEO Themba Mkwanazi said the company was delighted to have been acknowledged in the ET Index. “This forms an important part of our commitment to sustainability. Reporting is a powerful management tool that enables us to change behaviour and improve operations while further increasing transparency.

“As a company, we recognise our responsibility to work with our stakeholders to continually improve our sustainability by tackling the causes of climate change such as carbon emissions. Not only will this help us manage risk and meet rising stakeholder expectations, it also encourages us to embrace new efficiencies and operational excellence,” he stated.

Mkwanazi added that carbon emissions were part of a complex range of global environmental issues which threatened to exacerbate challenges such as food insecurity and competition for water and land, while potentially also undermining health and livelihoods.

“Kumba will continue to help combat the causes of climate change and to protect our employees, assets and host communities against its potential impacts by striving to achieve best practice in sustainability and corporate reporting.”

ET Index Research CEO Sam Gill added that it was particularly encouraging to see increasing action from institutional investors to mitigate the carbon and climate-related financial risks within their portfolios over the last 18 months.

“With the Paris Climate Agreement now in force, institutional investors are increasingly planning how to reallocate capital as the transition to a low-carbon economy gathers pace.”

The carbon rankings have been published since 2010. Company changes within the rankings are significant as a growing number of institutional investors look to decarbonise their investment portfolios.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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