Climate Change
Climate Change
Climate Change

Climate change has become a major non-traditional security challenge facing the sustainable development of mankind. How to effectively deal with climate change has become an urgent global task. On the one hand, the mining industry is one of the sources of GHG emissions, and on the other hand, mineral products are among the most important raw materials for global climate transition. With the mission of Providing Materials that Improve Standards of Living in a Low Carbon Future ,Zijin Mining will strive to reduce the carbon footprint of its products and consciously fulfil the responsibility of a corporate citizen of the earth, to contribute to the global lowcarbon transition.

Targets and Progress
  • 2023-2029
    Short-term
    We will actively implement emission reduction measures to achieve carbon peak by 2029. We will gradually develop estimation, monitoring and management system of scope 3 GHG emissions.
    By 2025, reduce GHG emissions per unit of industrial value added by 20%
    By 2029, reduce GHG emissions per unit of industrial value added by 38%
  • 2030-2045
    Mid-term
    We will strengthen carbon reduction technologies such as hydrogen, electrification, new energy and heat pumps to achieve a yearon-year reduction in GHG emissions after reaching the peak
    By 2030 achieve 30% of our energy mix from renewable energy sources
  • 2046-2050
    Long-term
    We will enhance the proportion of various emission reduction measures and its efficiency. By taking carbon sinks, carbon capture and storage, carbon trading and other long-term technical measures and financial instruments
    We will achieve carbon neutrality by 2050
  • Progress in 2023
  • Progress in the past
  • 8.41
    GHG emissions 8.41 million tCO2e
    17.3%
    GHG emissions intensity by industrial added value dropped to 1.53 tCO2e/RMB 10,000, down 17.3% from the baseline year of 2020
    21.48%
    21.48% of total energy use is renewable
    380.90
    Installed capacity of clean energy reached 244.05 MW, with 380.90 GWh of power generated
Climate Governance

Strong governance mechanisms are our basis for managing climate-related issues. Relying on the ESG governance system led by the Board, we set medium- and long-term development goals for climate change-related issues. We established a Dual Carbon Management Work Leading Group in the ESG Management Committee to guide and drive the formulation of climate strategies and the implementation of climate-related goals in our subsidiaries.

Risk Management

To improve our resilience to climate change and control climate-related risks, we fully identif y the type, degree, cause and development trend of climate risks, take risk prevention and mitigation measures, and track and monitor the effectiveness of important risk response measures. We recognise the development opportunities brought about by the global energy transition and the increased demand for key industrial raw materials while actively managing climaterelated risks. Therefore, we will continue to pursue technological breakthroughs and transform resource advantages into green and low-carbon products, to secure the stable and reliable supply chain of global low-carbon raw materials. Please see Zijin Mining Climate Change Action Planfor details about climate change related risks and opportunities.

Climate Strategy

We formulated three core climate strategies in accordance with our mission and vision, and where we position ourselves in the global transition to a low-carbon economy:

  • Embracing planetary change
    providing low-carbon mineral materials for a better livelihood and helping the world to achieve the goals of “Paris Agreement”
  • Revitalising industrial processes
    building a clean,low-carbon supply chain,allowing more people to benefit form Zijin
  • Maintaining continual improvement

    a green,high-quality and sustainable pathway,reducing the carbon footprint across all the sectors

    • Scoping in Key Minerals:

      Keeping to the world’s development trajectory, Zijin Mining will moderately increase investment in mineral resources both in domestic and surrounding countries. While consolidating the position of copper, gold, zinc, silver and other primary mineral resources, Zijin Mining will also focus on the key minerals of new energy materials such as lithium, cobalt, nickel, vanadium, non-metallic minerals and rare metals such as platinum group related to hydrogen energy. We will also focus on rare metals associated with non-ferrous metals related to semiconductor materials.

    • Materials for New Energy:

      The scarcity of upstream materials has become an important constraint on the transition to a low-carbon global economy. The Company will fully utilize its advantages in the mineral and metal raw materials field, and accelerate the development of lithium resources and strive to become an important supplier of lithium resources worldwide. At the same time, the Company will also appropriately extend to the downstream new energy related materials industry to ensure stable supply of new materials in the market.

    • Entering into the Energy Storage Industry:

      The global energy transition is unstoppable. Zijin Mining is focused on combining renewable energy with the hydrogen energy industry, and use ammonia as the energy storage carrier to develop a “zero carbon circular industry chain” that involves firstly renewable energy, then hydrogen production electrolysis, synthetic ammonia, ammonia hydrogen storage and finally hydrogen energy. Such zero carbon circular chain will provide an important technical support for the transformation of regional clean energy.

    • Embrace the Green Financial Development Opportunity:

      Zijin Mining will fully embrace the green financial market and liaise with financial institutions and industry partners on the application of green financial instruments in the mining and mineral supply chain, as well as develop green low-carbon projects with broader stakeholders. Zijin plans to launch a China Certified Emissions Reduction (CCER) program to develop clean energy projects such as photovoltaic power generation, wind power and hydropower, as well as carbon-neutral forestry construction projects to further enhance the Company’s carbon asset reserve capacity. We will make full use of the carbon trading market offsetting mechanism and maximise benefits through the offsetting of quotas and CCERs to reduce costs and emissions and increase efficiency of enterprises, achieving a win-win situation.

    • Driving up and down-stream industry value chain emission reduction:

      We have incorporated the Scope 3 GHG accounting work into our short-term plans for future sustainable development, working together with upstream and downstream companies to raise awareness of energy saving and emission reduction throughout the entire value chain, driving the transformation of the entire value chain to a low-carbon economy. We will work together with key suppliers and customers of the Company to issue initiatives to upstream and downstream enterprises in the value chain, and encourage enterprises to account and report to Zijin on their carbon accounting results and follow-up emission reduction plans.

    • Leading Industrial Technical Cooperation and Breakthrough:

      As the core direction of energy conservation and emission reduction work by Zijin Mining in the future, we will focus on the current “double high” situation (high energy consumption, high GHG emission) in the industry and the needs around carbon peaking and carbon neutrality technology, fully leverage the organizational role of our new energy and new materials research institute, and conduct in-depth research and analysis of the key technologies of the industry.

    • Clear and Transparent Data:

      Through our GHG inventory and third-party authentication, we will strengthen the accuracy and professionalism in the monitoring, accounting and managing of energy consumption and GHG emissions during production. We will identify the carbon footprints at each stage of our operations, thereby reach production optimisation and achieve emission reduction targets. At the same time, we will continue to benchmark with international standards such as GRI, CDP, TCFD etc., maintaining regular and highquality information disclosure.

    • Promoting Emission Reduction Mechanism:

      We will continue to study international excellent practices and consider incorporating internal carbon price and carbon asset trading into our management model. We will also establish a Carbon Peaking Intelligent Management Platform to realise production energy control, building energy management, online energy consumption monitoring, interactive intelligent collaborative management, smart office and other functions to achieve “digital intelligent” for carbon asset management, providing strong technical support to upgrade our own and partners’ carbon management capabilities.

    • Transformation of Energy Conservation and Carbon Reduction:

      We have requested mines and smelters to incorporate carbon planning into business planning. For mines in the investment and acquisition stage as well as design stage, we will consider climate change physical risks of their external environment. In the design stage, we will make renewable energy as the main energy source of future production and employ efficient process to meet Zijin's overall carbon reduction plan.