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LONDON - The Weir Group PLC (OTC:WEGRY), a global mining technology provider, has maintained its CDP ’A-list’ status for corporate transparency and performance on climate change in 2024, according to a press release issued Wednesday.
The London-listed company (LSE:WEIR) stated that the rating recognizes its efforts in cutting emissions, mitigating climate risks, and contributing to the low-carbon economy.
Weir’s climate strategy focuses on achieving net zero emissions within its operational control by 2050, aligning its business strategy with customer decarbonization goals, and engaging suppliers to reduce upstream emissions.
The company has identified four strategic priorities in its transition plan: developing energy-efficient mining technology, advocating for clean energy supply in mining regions, creating water-efficient solutions, and reforming climate targets for hard-to-abate sectors.
Weir noted that its scope 1-3 emissions are primarily driven by the energy used to power its technology at customer mine sites, an area outside its direct control. The company’s near-term 2030 carbon targets have received Science Based Targets initiative (SBTi) approval.
"We are pleased to retain our place on the A-list which is validation of our actions to make mining more sustainable," said Jon Stanton, CEO of Weir, in the statement.
The company plans to publish a full update of its climate strategy and transition plan by the end of 2025.
Founded in 1871, Weir employs approximately 12,000 people across more than 50 countries and maintains a presence in major mining regions worldwide.
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