Boliden's climate targets validated by the Science Based Targets initiative (SBTi)

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Boliden, a leading mining and metals company, has had its climate targets validated and approved by the Science Based Targets initiative (SBTi). The company aims to reduce its climate impact by 42% until 2030 from the 2021 level. Boliden's metal production is already very competitive from a global climate perspective. The company's vision is to become the most climate-friendly and respected metal provider in the world. Boliden has also launched products with significantly lower climate impact and applied to have its climate goals validated and approved by SBTi for scope 1 and scope 2. The SBTi is focused on accelerating companies to halve emissions before 2030 and achieve net-zero emissions before 2050.

STOCKHOLM, Dec. 14, 2023 /PRNewswire/ -- As one of the first mining and metals companies in the world, Boliden's climate targets have been validated and approved by the Science Based Targets initiative (SBTi). The goals mean reduced climate impact (scope 1 and 2) by 42 percent until 2030, from the 2021 level. Already today, from a global climate perspective, Boliden's metal production is very competitive.

"The announcement shows that we are on the right track and gives us further strength towards our vision of becoming the most climate-friendly and respected metal provider in the world. Electrification and process development in the business will mean successive emission reductions and lead to our target 2030. This at the same time as our base metals such as copper, zink and nickel are absolutely necessary to phase out fossil fuel in the society," says Åsa Jackson, Executive Vice President, Boliden.

During 2022 and 2023, Boliden has launched several products within, among other things, copper, zinc and lead where the climate impact is significantly lower than global averages. In parallel, Boliden applied to have the climate goals for scope 1 and scope 2 validated and approved by SBTi, which has now taken place and means that these are in line with both the latest climate science and the goals of the Paris Agreement.

The SBTi is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). It is focused on accelerating companies across the world to halve emissions before 2030 and achieve net-zero emissions before 2050.

For further information, please contact:
Klas Nilsson, Director Group Communications, phone: +46 70-453 65 88
klas.nilsson@boliden.com

Boliden's vision is to be the most climate-friendly and respected metal provider in the world. We are Europe's producer of sustainable metals and, guided by our values care, courage and responsibility, we operate within exploration, mines, smelters and recycling. We are more than 6,000 employees and have annual revenues of approximately SEK 85 billion. The share is listed in the Large Cap segment of NASDAQ OMX Stockholm.

The following files are available for download:

https://mb.cision.com/Public/997/3892722/b1ccc0c3864dbf4c.pdf

Press release

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SOURCE Boliden

FAQ

What are Boliden's climate targets and who has validated and approved them?

Boliden's climate targets have been validated and approved by the Science Based Targets initiative (SBTi), aiming to reduce its climate impact by 42% until 2030 from the 2021 level.

What is Boliden's vision for the future?

Boliden's vision is to become the most climate-friendly and respected metal provider in the world.

What is the focus of the Science Based Targets initiative (SBTi)?

The SBTi is focused on accelerating companies to halve emissions before 2030 and achieve net-zero emissions before 2050.

What are Boliden's annual revenues and where is the company listed?

Boliden has annual revenues of approximately SEK 85 billion and is listed in the Large Cap segment of NASDAQ OMX Stockholm.