Nickel Asia Corp. (NAC) said it has submitted its emissions reduction targets to global corporate climate action non-government organization, Science Based Targets Initiative (SBTi).
NAC said it is now the first company in the Philippines with mining assets to do so, committing to reduce greenhouse gas emissions by 42 percent by 2030.
The company said it will heavily invest in new technologies and prioritize the use of market-available hybrid models in all its mining operations.
“NAC is now conspicuously part of the SBTI website where our Net Zero commitments will be traced and tracked and validated according to worldwide scientific standards. It’s a first in the Philippine mining industry which is largely considered hard to abate and we are presenting ourselves to scrutiny and high-level peer pressure, it’s a huge undertaking and we are proud and fully committed,” said Jose Bayani Baylon, NAC chief sustainability and risk officer, in a statement.
NAC said it continues to transition to low carbon and renewable energy resources in both operations and campsites.
In 2016, the company said, it spent P1.71 billion to set up a conveyor belt system in one of its operations to significantly reduce fossil fuel usage by 96 percent per wet-metric-ton in its Taganito mine site in Claver, Surigao del Norte.
In addition, NAC acquired two units of the hybrid excavators for piloting last year that costs P12.34 million each and for this year, it has ordered P125.82 million-worth of additional nine units to be deployed in its operations for standardization.
