Climate change

The sustainable future of mining depends on strong action, today.

#A sustainable future

We recognise the science set out by the United Nations' Intergovernmental Panel on Climate Change. We understand that the global energy transition is driven by the need to address climate change and its impacts.

The mining sector is integral to this transition as it supplies the critical minerals and metals needed to enable cleaner, more efficient energy technology. Thiess is working to decarbonise and diversify our business to play an active part in the world's journey to net zero emissions.

Learn more about our climate change actions in our Thiess Group 2023 Sustainability Databook.

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The Thiess Group continues to decarbonise its operations, reducing Scope 1 emissions by 21% and Scope 2 emissions by 12% in 2023 from 2022.

Our actions to achieve net zero:

01

Disclose our approach and progress transparently

We publicly disclose our Scope 1, 2 and 3 emissions and climate-related risks and opportunities using the Task Force on Climate-related Financial Disclosures (TCFD) framework, and report on our performance in the annual Thiess Group Sustainability Report.

02

Decarbonise our mining services

We are working on improving energy efficiency and displacing fossil fuelled energy from our operations, including diesel. We invest in technology-centred partnerships focused on both short-term lower emission transition solutions and long-term zero emission concepts. These include commercially available, large-scale renewable energy electrification, industrial capacity batteries and hydrogen fuel cells to power large mining fleet.

03

Drive growth in commodities for a low carbon future

We're leveraging our core capabilities to continue diversifying into commodities and services that are essential for clean energy technology. We will rebalance our thermal coal portfolio to be less than 25% of Thiess Group revenue by the end of 2027. Our strong progress against our 2027 target motivated the Group to set an additional diversification target in 2023. We are now targeting a further rebalance of our portfolio to consist of less than 20% thermal coal revenue by the end of 2030.

04

Contribute to a just, fair and equitable transition to zero emission energy

We support our clients, communities and governments in their efforts to navigate the transition. As we rebalance our thermal coal portfolio and support a responsible phase-down of thermal coal, we are working to minimise disruption to employees and communities currently reliant on thermal coal for their livelihoods. We commit to reinvesting into our communities and society more broadly to advance the UN Sustainable Development Goals.

05

Improve Thiess’ resilience to climate change

We're investing in climate monitoring to improve our responsiveness to extreme and chronic changes in the climate that could impact our people, operations, communities and the environment.

06

Develop the next generation of talent

We're investing in our people, to enable them to lead efforts in the decarbonisation of our portfolio and the development and deployment of new technologies to support our transition to net zero.

Interim targets towards net zero emissions by 2050^

^Includes Scope 1, 2 and Scope 3 emissions from diesel combustion in the fleet we operate.

*Excludes MACA civil projects.

Our 2023 performance

Learn more about the sustainability performance of Thiess and other Thiess Group businesses MACA, Fleetco, and RTL (88% Thiess owned) in the Thiess Group 2023 Sustainability Report.