Thiess Group has reaffirmed its commitment to climate change action by setting interim emissions reduction targets to achieve net zero Scope 1, 2, and 3 emissions from operated fleet by 2050.
The interim targets include net zero Scope 1 and 2 emissions by 2025, 85% of Thiess-operated light vehicles to be hybrid or battery electric by 2030, and the fleet managed by Thiess will have reduced Scope 3 emissions from diesel combustion by 25% by 2035.
According to Thiess, the decarbonisation initiatives are supplemented by its substantial progress on its sustainability plan, which includes a target of reducing thermal coal revenue to less than 25% by 2027. The Group stated that it is on course to achieve this as early as 2025 because of its strategic approach to diversification.
“The mining and resources sector has a crucial role to play in providing the metals and minerals needed for the global energy transition. The Thiess Group is focused on driving innovation and change in the industry to deliver sustainable resource solutions for our clients and stakeholders,” Thiess Group Executive Chair & CEO Michael Wright said.
Wright stated that the Thiess Group 2022 Sustainability Report demonstrated its progress. According to Wright, Thiess has introduced a new aim of net zero Scope 1 and 2 emissions by 2025 and other short and medium-term targets to decarbonise the business, which will be an integral element of its future strategy.
“I’m proud of the considerable headway we made executing against our sustainability strategy in 2022. In particular, the expansion of our service offerings and our growth in the critical minerals and metals needed to enable the global energy transition have demonstrated our genuine commitment,” Wright said.
Wright added that Thiess Group is two years ahead of schedule in rebalancing its portfolio to less than 25% thermal coal revenue by 2025. According to Wright, it follows Thiess’ acquisition of MACA, the launch of Thiess Rehabilitation and technology and consulting services, and its organic growth in metals mining.
“In 2023, we will continue to update our executive remuneration policy to further the sustainability and climate action measures, and look to incorporate these measures in the company’s broader remuneration policy,” Wright stated.
