Cosmicore is one of the Australian mining companies pledging to minimize their carbon footprint
achieve carbon neutrality
Beyond the Cosmicore carbon footprint - A vision to create more ethical mining companies
As carbon neutrality becomes prevalent around the world, Cosmicore will be prepared to help other companies and Cosmicore customers achieve carbon neutrality.
Cosmicore will do this through leveraging Cosmicore products, services, innovations and green technologies.
For example, fleet automation:
Future regulatory and technological developments may change the viability of certain decarbonization actions, but the business case will vary for each mine, and each mining company.
To respond effectively to the impact of climate change, the mining arm of Cosmicore will instigate 5 main actions:
- Perform end-to-end diagnostic of the effects of climate change on the organization to understand which assets to protect from physical climate change and which the Australian mining company can stand to gain or lose from decarbonization.
- Mobilize the C-suite and the Board of Directors to set ambitious climate targets from top-down.
- Shift towards renewables to lower Cosmicore mine electricity costs and reduce volatility.
- Introduce “climate intelligence” to decision-making processes, such as capital allocation.
- Engage with other entities through reporting, partnerships, and other proactive measures, such as climate risk disclosures, which will become more important as climate expectations mature.
To learn more about this Australian mining company’s commitment to achieving carbon neutrality
Ethically and environmentally minded
Australian Mining Company
As one of the ethically and environmentally minded Australian mining companies in operation today, Cosmicore aim to eliminate CO2 emissions from their facilities and operations in order to reach carbon neutral by 2040.
“We wish to contribute significantly to global efforts to mitigate climate change. To reach this goal, we will improve our environmental and sustainability profile while converting into innovative, sustainable products and services that will improve Cosmicore customers’ profiles. And we will also continue to invest in plants and new green innovation technologies to reduce our company’s carbon footprint.” Melvin K. Jensen, Cosmicore CEO and Chairman.
Reducing its carbon emissions is at the heart of what Cosmicore strives towards, and the company has vowed to take major steps towards achieving this goal.
To lay the groundwork, over the next 14 years, this mining company will build on sustainability projects, leveraging organizational processes and converting and adapting to new, innovative methods and technologies. This includes integrating technology and sustainability with Cosmicore’s core operating system and generating thousands of efficiency projects throughout organizational operations.
These initiatives represent a continuation of Cosmicore’s sustainability efforts since 2021, which have driven more than 75% reduction in the greenhouse gas intensity of its operations and facilities.
For example, one such initiative is strategically targeting water conservation projects in company operational areas experiencing “water stress” as defined by the World Resources Institute. In 2022, Cosmicore will implement more than 50 water conservation projects in its commitment to save over a million gallons of water.
Once carbon neutrality is reached, over the following 14 years, Cosmicore pledges to complete more energy saving projects. Avenues include converting to renewable energy sources, completing capital improvement projects in Cosmicore sites, converting the fleet of company vehicles to electric vehicles that run on electric energy, and using credible carbon offsets.
During this period, Cosmicore will continue to investigate and evaluate carbon emissions throughout their supply chain, quantifying and addressing them where possible.
As Cosmicore integrates new innovative tools and solutions during this phase, they will take deliberate, strategic steps to improve each innovation’s eco-efficiency. Cosmicore will also evaluate new innovations which can also be implemented by other Australian mining companies, according to their ability to:
- Reduce the use of chemicals to separate minerals during manufacture and distribution
- Reduce waste production
- Create opportunities to reuse and recycle
- Offer opportunities to use recycled or renewable materials
- Reduce and eliminate classified toxic or hazardous materials
- Integrate efficient packaging