Our commitment to decarbonization is deeply integrated into our comprehensive sustainability initiatives, aligning with global efforts to mitigate climate change by reducing greenhouse gas emissions. In 2023, the company made significant strides in decreasing its Emission Intensity by 7.7% within its Indonesian operations, showcasing company’s dedication to efficiency and technology-led operations. This achievement highlights our proactive stance in integrating environmental considerations into its core business strategies, in line with our targeted goal of achieving Net Zero emissions by 2050.
Our sustainability framework includes detailed assessments of Carbon Emissions across Scopes 1, 2, and 3, aiming to comprehensively map and subsequently reduce our carbon footprint. These efforts are part of an integrated approach to sustainability that involves enhancing operational efficiencies, leveraging advanced technologies, and engaging in continuous dialogue with stakeholders to refine our environmental impact strategies. These efforts are reinforced by our proactive engagement in sustainability practices that contribute to the global transition towards a low-carbon economy, aligning with the United Nations Sustainable Development Goals and reinforcing our position as a leader in sustainable mining.
Our Greenhouse Gas (GHG) Inventory and Monitoring program highlights its dedication to environmental transparency and accountability. This initiative meticulously tracks and reports GHG emissions across all operational sites, ensuring that reduction efforts are measurable and verifiable.
We have adopted advanced monitoring technologies and conduct regular audits to accurately track emissions. Through thorough data collection and analysis, we identify key emission sources and implements targeted reduction strategies such as optimizing fuel use, improving energy efficiency, and integrating renewable energy sources.
We are taking significant steps in integrating renewable energy into its operations, marking a crucial shift from traditional carbon-intensive sources. Launched in 2023, this initiative aims to reduce reliance on fossil fuels by implementing renewable solutions at selected sites. The phased approach focuses on areas with the highest potential for renewable energy use. By embracing renewables, we are not only reducing our environmental impact but also set a benchmark for sustainable practices in the industry.