African leaders chastised developed nations for failing to honor pledges to ramp up green financing and said they will tap the private sector to help protect their economies from climate change https://t.co/kbmRU7oEx2 ...

PresentationHello, everyone. Today's presentation has been released to the Australian Stock Exchange and is available on our website. This webcast is being recorded and will be available on our website after the event. Our Climate Change Action Plan will be subject to a nonbinding advisory shareholder vote at our AGM in October, and we look forward to the opportunity for questions following today's presentation.Graham KerrCEO, MD & Executive Director Thanks, Susie. Hello, everyone. Welcome to today's presen ...

PresentationHello, everyone. Today's presentation has been released to the Australian Stock Exchange and is available on our website. This webcast is being recorded and will be available on our website after the event. Our Climate Change Action Plan will be subject to a nonbinding advisory shareholder vote at our AGM in October, and we look forward to the opportunity for questions following today's presentation.Graham KerrCEO, MD & Executive Director Thanks, Susie. Hello, everyone. Welcome to today's presen ...

Fossil-fuel producers should be taxed to defray the cost of climate change, not be given even larger subsidies, @markgongloff says (via @opinion) https://t.co/6JzABu25hS ...

Summary of South32's Climate Change Action Plan Presentation Company Overview - **Company**: South32 - **Industry**: Mining and Metals Key Points and Arguments Climate Change Action Plan (CCAP) - South32 is presenting its second CCAP, highlighting progress since the first plan released in February 2022 [3][4] - The company acknowledges the significant impact of climate change on the mining industry, affecting both the commodities produced and the methods of production [4][5] - The energy transition presents both opportunities (increased demand for critical minerals) and risks (energy intensity of metal processing) [4][5] Strategic Focus - South32 is focusing on positioning its portfolio for the energy transition, reducing operational emissions, and supporting emissions reduction across its value chain [5][6] - The company aims to achieve net zero operational emissions by 2050, with a target to halve net operational emissions by 2035 [6][12] - The portfolio has shifted from less than 50% revenue from aluminum and base metals in 2015 to approximately 90% today [7] Portfolio Development - Development of the Taylor deposit at the Hermosa project is expected to yield attractive returns by producing zinc, lead, and silver, which are critical minerals [8] - South32 is actively exploring new base metals mines and has exited lower-return businesses to focus on high-return opportunities [9] Emission Reduction Efforts - Over 90% of operational emissions come from the aluminum value chain, with significant contributions from Hillside and Worsley operations [14][15] - Hillside's emissions are primarily from coal-fired power, and the company is seeking affordable low-carbon energy solutions [16][18] - Worsley Alumina has reduced emissions through coal-to-gas boiler conversions, contributing to a 12% reduction in scope one emissions [19][20] Financial and Operational Resilience - The company is implementing a three-year climate adaptation and resilience plan to improve resilience to physical climate risks [22] - South32 is focused on engaging with stakeholders to secure low-carbon power and improve energy efficiency [30][46] Future Outlook - The company is committed to transparently reporting progress and addressing challenges related to climate change [25][26] - Key milestones include securing affordable electricity for Hillside by 2031 and continuing decarbonization efforts at Worsley [47][48] Additional Important Content - The geopolitical landscape of climate action is becoming more fragmented, increasing uncertainty for companies like South32 [5] - The company recognizes the importance of multi-stakeholder collaboration to achieve its climate goals [30][46] - South32 has reduced scope three emissions by around 80% since FY 2019, largely due to the sale of Illawarra metallurgical coal [21] - The company is actively assessing physical climate risks and their financial implications as part of its risk management processes [41][42] This summary encapsulates the critical aspects of South32's climate strategy, operational focus, and future commitments in the context of climate change and the energy transition.

Climate Change Action Plan - South32 set a target to halve net operational emissions (Scope 1 and 2) by FY35, relative to FY21 levels[28] - The company expanded its net zero by 2050 goal to include Scope 3 emissions[28] - South32 sold Illawarra Metallurgical Coal (IMC), reducing transition risk and Scope 3 emissions[28] - The company converted two of Worsley Alumina's coal-fired boilers to natural gas as an interim step[28] Portfolio and Capital Expenditure - 51% of South32's FY25 Underlying EBITDA is from the Aluminium value chain[30] - 23% of South32's FY25 Underlying EBITDA is from Manganese[30] - 100% of South32's capital expenditure is directed towards transition materials[36] - Capital expenditure during CCAP 2022 (FY23 to FY25) was US$71 million[40] Emissions - Hillside Aluminium accounts for 58% of South32's operational emissions[45] - Worsley Alumina accounts for 16% of South32's operational emissions[45] - Mozal Aluminium accounts for 17% of South32's operational emissions[45] - Portfolio reshaping has contributed to an approximately 80% reduction in Scope 3 emissions[63]

Overtourism and climate change have created a dangerous feedback loop that endangers Southern Europe’s tourism industry.What locations are most impacted? https://t.co/jzkfwCrmUG ...

From @WSJopinion: You might have gotten the impression that the Great Barrier Reef—the aquatic wonder off Australia’s coast—is in grave peril. The truth is much less alarming, writes @BjornLomborg.https://t.co/GI9S3LqRRD ...

RT Bloomberg Live (@BloombergLive)As climate consciousness becomes an inherent part of our reality, the choices we make are defining a new spectrum of climate action. How can every day moments add up in the fight against climate change? Join us for #BloombergGreen New York. #ClimateWeekNYC https://t.co/uZCLqxLCVO https://t.co/kSfOQ3hF4w ...

Climate Change Impact - Record summer blazes in Europe highlight the increasing challenges for governments and local communities due to climate change [1] - Climate change exacerbates brutal fire conditions [1] Government & Community Response - Governments and local communities are struggling to keep up with the intensified fire conditions [1]