Weir Group PLC Weir commits to science-based emission reductions (5706X)
06 Janvier 2022 - 7:59AM
UK Regulatory
TIDMWEIR
RNS Number : 5706X
Weir Group PLC
06 January 2022
Press Release
06 January 2022
Weir commits to set science-based targets to reduce climate
impact
The Weir Group is pleased to announce that it has committed to
set new Group-wide emission reductions in line with climate science
and the Science Based Targets initiative (SBTi). This new
commitment to strengthen our targets is an important step in Weir's
strategy as we challenge ourselves to further reduce emissions from
our own operations and in our wider value chain. We believe doing
this is right for the world and for our business. We have a
responsibility, and a shared interest, to minimise carbon emissions
to help protect the future of the planet, aligned with our purpose
to enable the sustainable and efficient delivery of the natural
resources essential to create a better future for the world.
We already have ambitious Scope 1 and 2 CO(2) e targets,
covering Weir's own operations. But as we look at our broader value
chain, CO2e emissions beyond our own facilities (Scope 3) are
dominated by the use of our products and solutions in our
customers' operations. Engineering innovative products and
solutions that significantly drive down those emissions will not
only deliver Weir's climate ambition but also that of our
customers, and some of our technologies already offer energy
savings of up to 40%.
We expect to publish our updated targets and have them validated
during 2022. Further innovation to reduce energy consumption per
tonne of ore processed will help drive emissions down. But meeting
SBTi expectations will also require broader energy transformation
in mining and we are ready to partner with customers and the
industry to help make that happen.
Commenting on the announcement, Jon Stanton, CEO of the Weir
Group said:
"Weir technology has been at the heart of transforming
industries throughout our 150-year history and we have unique
expertise in developing solutions that will help make mining more
sustainable. Transforming the environmental footprint of the mining
sector will not be easy but it is essential. Adopting science-based
targets sees us stepping up our commitment to our customers, and
society, to work in partnership to develop the solutions needed to
tackle climate change head on."
Enquiries:
Investors: Stephen Christie +44 (0) 141 308 3781
Media: Citigate Dewe Rogerson: +44 (0) 207 638 9571
Chris Barrie / Kevin Smith Weir@citigatedewerogerson.com
About The Weir Group PLC
Founded in 1871, The Weir Group PLC is one of the world's
leading engineering businesses with a purpose to make its mining
and infrastructure customers' operations more sustainable and
efficient. Weir's highly engineered technology enables critical
resources to be produced using less energy, water and waste while
reducing customers' total cost of ownership. The Group is ideally
positioned to benefit from structural trends that support long-term
demand for its technology including the need for more essential
metals to support economic development and carbon transition. The
Group has c.11,000 employees operating in over 60 countries with a
presence in every major mining region of the world. Find out more
at www.global.weir.
Weir's ordinary shares trade on the London Stock Exchange
(ticker: WEIR LN) and its American Depositary Receipts trade
over-the-counter in the USA (ticker: WEGRY).
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