It takes determination, innovation and investment to succeed. Our people, our partners, and our programmes are working to find new ways to operate, to increase efficiency, and to build the resilience of our business.
It’s been almost 20 years since we set our first public greenhouse gas target, and we have made good progress since then.
We set a target that, from 2008 to 2015, we would reduce our greenhouse gas emissions intensity by 10 per cent. We exceeded this, recording a 20.3 per cent reduction overall in that period, and by the end of 2016 had reduced our greenhouse gas emissions intensity by 26 per cent. We achieved this by raising efficiency within our business, and by divesting or closing emissions-intensive assets. In 2015 we extended our target period to 2020. Today, 67 per cent of the electricity we source is from hydropower. The majority of this is in Canada, where we own 4,000MW of hydroelectric capacity.
Some of our products have emissions when they are used. However, our metals and minerals can also be beneficial in terms of reducing emissions globally. Aluminium is valuable as a lightweight material that helps the automotive and aerospace industries reduce their carbon footprints, and it’s recyclable. The electrification of energy grids, transportation and buildings all rely on copper’s conductive properties. And minerals like borates are used in applications like insulation and wind turbines.