KGHM's impact on its environment, including the climate, but also the impact of climate change itself on operations of the Company and the Group, reductions in CO2 emissions, search for new decarbonisation technologies and improvements in energy efficiency - KGHM is inaugurating a key stage in the preparation of its climate policy. The main results of the work will be known later this year.
The work, which has been in progress for several months, is expected to be finalised in the last quarter of this year. Today, during a meeting at the Company's headquarters in Lubin, representatives of the Company discussed, among others, the current status and schedule of works and further division of tasks in the key stage of the project.
"We keep up with the modern trends that accompany our business. We are even ahead of them. We are spending hundreds of millions of zlotys on adapting production to the current requirements. We are setting ourselves ambitious targets and that is why we are building a climate policy. We will not escape and we do not want to escape from reality. We are working intensively on this document," emphasizes Marcin Chludziński, President of the Management Board of KGHM Polska Miedź S.A.
Every year the requirements imposed on the industry by both EU and national legislation increase. Companies must become more resource efficient, strive to further reduce emissions, minimise their impact on the climate and environment in which they operate, and reduce their carbon footprint.
KGHM with a vision
KGHM announced preparations for the Company's climate policy as early as 2019 in its non-financial report. Among others, the copper mining leader analysed the impact of climate change on its business model or studied the situation regarding the global rise in temperature and its effects on the costs of using the environment.
KGHM specialists are looking for technologies to reduce the carbon footprint by lowering direct and indirect emissions and are working to improve energy efficiency, and increase the level of consumption of renewable energy.
What stage are we at?
KGHM is in the process of gathering the necessary information, knowledge and data on greenhouse gas emissions in the Group. Based on the analyses, further ways to improve emissions management and reduction will be selected. The final stage will be the preparation of the policy document and the procedures implementing it.
Academics and local stakeholders of KGHM in Lower Silesia will be invited to participate in the work and express their opinions. The whole process will culminate in implementation of the policy and supporting regulations.
Experts are working for KGHM
In the just commenced phase of work KGHM Polska Miedź S.A. will be supported by the advisor selected in the procurement procedure - Ernst & Young Sp. z o.o. Consulting Sp. Komandytowa. The company is the Polish representative of EY, one of the world's largest providers of consulting, audit and risk management services.
"It is estimated that one tonne of copper used in green technologies can reduce CO2 emissions by up to 7,500 tonnes, and by 2050 copper could contribute to reducing emissions in the EU by up to 25%. Global copper production is projected to double by 2030 despite a growing secondary market. The copper mining and smelting sector, and thus KGHM Polska Miedź S.A., can therefore be one of the main beneficiaries of the Green Deal," says Bogdan Dobrzeniecki, director of EY advising KGHM on climate policy.
We plan and anticipate
Due to the nature of its activities, KGHM Polska Miedź S.A. is one of the most energy-intensive enterprises in Poland. At the same time, the Company has been successfully striving for years to reduce its impact on the environment, which is reflected, among others, in over 99% reduction of sulphur and dust emissions.
In concern for the climate, the copper giant has also undertaken an ambitious energy transformation programme, as part of which it is intensively developing its own renewable energy sources and exploring the possibility of using electric mining vehicles and machinery at its mines.
By developing and implementing a climate policy, KGHM Polska Miedź S.A. will further reduce direct and indirect emissions and improve its energy efficiency. This means not only a further reduction in the Company's environmental footprint, but also its better adaptation to changes in the market environment resulting from increases in energy prices, and CO2 emission allowances.
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