Energy Efficiency, GHG Emissions - October 11, 2022
Nexa Resources Sets 2050 Goals
Nexa Resources S.A. announced plans to reach net-zero GHG by 2050 and net neutrality - the balance between carbon emissions and absorption - by 2040.
To accomplish this objective, Nexa has established commitments to reduce direct emissions (Scope 1) by 20%, a total reduction of 52 thousand tons of carbon equivalent by 2030, with 2020 as the baseline year. In addition, the Company plans to maintain the high use of renewable resources in its energy matrix. Regarding Scope 3 emissions, the Company started mapping its entire value chain to align with the goal to become net zero by 2050.
"We look forward to further improving our sustainability trajectory. Every year, we've been reducing GHG emissions, developing projects related to scope 1 reduction, and seeking to keep our energy matrix mostly renewable", says Ignacio Rosado, Nexa's CEO in a statement. Currently, the Company's decarbonization efforts include several initiatives, such as the use of biomass to generate steam, hydrogen injection systems in automotive machines, tests with bio-oil in zinc furnaces, natural gas as a replacement for fuels such as liquefied petroleum gas (LPG) and diesel, and commercial agreements for the exclusive use of renewable energy in Brazil and Peru, among other initiatives.
Nexa has been reducing GHG emissions for more than a decade, and currently has one of the lowest carbon footprints in the world in the zinc production industry (Scopes 1 and 2). In alignment with the Paris Agreement, Nexa's goal is to reach net zero by 2050.