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Mining and commodities trader Glencore said on Wednesday it’s on track to reduce carbon dioxide equivalent emissions for its industrial assets by 25% by the end of 2030., the Swiss company outlined the work it is doing to achieve emissions reduction targets of 15% and 50% by the end of 2026 and 2035, respectively.
“ reflects a wide range of inputs, including analysis of the evolving market landscape, new regulatory requirements, mining and energy peer approaches, the IEA’s latest modelling, stakeholder inputs, and emerging insights from the most recent United Nations Framework Convention on Climate Change dialogue,” chief executive officer Gary Nagle said in a statement.
Glencore, like most of the world’s biggest listed companies, published its first climate action plans in 2020 in a bid to help with reaching the 2015 Paris Agreement goal of capping temperatures within 1.5 degrees Celsius.
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