Codelco plans 25% cut in indirect emissions by 2030

With this bold plan, Codelco is not only reducing emissions but also setting an example for how mining companies can contribute to global climate goals.

Chile’s state-owned mining giant, Codelco, announced an ambitious plan on Tuesday to reduce its Scope 3 emissions—indirect emissions generated by suppliers—by 25% by 2030. This effort is part of a broader decarbonization strategy and aligns with growing global demands for more sustainable and traceable copper.

As the world’s largest copper producer, Codelco operates in an industry that significantly impacts the environment. Mining is responsible for 4% to 7% of global greenhouse gas emissions, according to recent studies. By targeting its Scope 3 emissions, Codelco is tackling one of the most challenging aspects of its environmental footprint.

Decarbonization Challenges and Goals

Scope 3 emissions account for over 60% of Codelco’s total emissions. These originate from external sources like explosives, refractories, and lubricants used in mining operations. To address this, Codelco is working closely with its suppliers to adopt more sustainable practices and materials.

The company also plans to transition its fleet of 250 buses—used to transport workers to mining sites—to electric vehicles. By 2030, 40% of the fleet is expected to be electrified, with full electrification slated for 2040.

Codelco’s ultimate goal is to cut its overall carbon footprint by 70% by 2030, setting a high standard in the mining industry.

Industry Comparison

Codelco’s commitment stands out among its competitors. For instance, Antofagasta Minerals has pledged to reduce emissions by 10% by 2030, while global players like BHP and Teck Resources are targeting net-zero emissions by 2050.

The move comes as customers and stakeholders increasingly prioritize green mining practices. Traceable copper, produced with lower environmental impact, is becoming essential for industries such as renewable energy and electric vehicles, where copper is a critical material.

A Step Towards Sustainable Mining

Codelco’s efforts to decarbonize its operations demonstrate a commitment to balancing its economic role with environmental responsibility. As the global demand for copper continues to rise, especially in the transition to clean energy, sustainable mining practices will be key to securing Codelco’s position as an industry leader.