Sibanye obtains ‘A’ rating for climate change disclosure

Precious metals miner Sibanye-Stillwater on Monday revealed that it was the only company from South Africa to have achieved an 'A' rating for its climate change disclosure by nonprofit global environmental disclosure platform CDP. "CDP’s annual environmental disclosure and scoring process is widely recognised as the gold standard of corporate environmental transparency, supported by substantial investors globally who requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. Over 8 400 companies participated during the most recent CDP process," the miner pointed out.

UN calls global climate outlook ‘bleak’

The world has refused to slash its collective greenhouse gas emissions, narrowing the planet’s pathway back to a safe climate. Authors of an annual United Nations Environment Program (UNEP) report published Tuesday were uncharacteristically direct in their 2019 assessment of the gap between actual and desirable emissions levels.

Climate risk widely acknowledged, but rarely incorporated into strategy

The Centre for Environmental Rights (CER) says that although the majority of South African corporate companies recognise climate change as an already occurring and imminently worsening risk, they are slow to mitigate and manage these risks, at least according to publicly accessible information. “Companies ought to report on emission reductions, while banks should have a strategy in place to reduce their credit risk exposure to risky carbon-intensive industries,” notes CER corporate accountability legal researcher Daiyaan Halim.

Anglo implementing ‘green’ worker transport in Chile

In the context of efforts to have more sustainable and efficient operations and to reduce emissions of greenhouse gasses, Anglo American is implementing electromobility for the transport of its workers to and from work in Chile. Once fully implemented, the potential of this project is to prevent the consumption of between 300 and 1 000 litres of oil per 100 km, equivalent to about 50 000 t of carbon dioxide, Anglo American spokesperson Jana Marais stated in a written response to Mining Weekly Online.

FirstRand shareholders to vote on climate risk resolutions next month

Shareholders of financial services provider FirstRand will, next month, vote on whether the company must report on its assessment of its exposure to climate-related risks, and to adopt and publicly disclose a policy on fossil fuel lending. This will require more than 50% of shareholders to vote in favour of Resolutions 5 and 6 during the company’s annual general meeting (AGM). The resolutions were proposed by the Raith Foundation and nonprofit shareholder activism organisation Just Share.