Advancing Green Growth and Global Climate Action: PT Vale Indonesia Tbk Announces its Landmark Commitments at COP29
Indonesia's Leading Mining Company Sets Ambitious Goals for Sustainability and Climate Action
PT Vale Indonesia Tbk (Vale Indonesia), a subsidiary of the global mining company Vale S.A., has made significant commitments to green growth and global climate action at the 29th United Nations Climate Change Conference (COP29) in Sharm El-Sheikh, Egypt.
Vale Indonesia, one of Indonesia's largest mining companies, has set ambitious targets to reduce its carbon emissions, promote sustainable mining practices, and support the development of renewable energy in the country.
The company's commitments include:
- Reducing Scope 1 and 2 greenhouse gas (GHG) emissions by 33% by 2030, compared to 2021 levels, and achieving net zero emissions by 2050.
- Investing in renewable energy projects, with a target of generating 50% of its electricity from renewable sources by 2025.
- Promoting sustainable mining practices, including minimizing waste and water usage, and implementing biodiversity conservation measures.
- Supporting the development of local communities and indigenous peoples, by investing in education, healthcare, and infrastructure projects.
Vale Indonesia's commitments have been welcomed by environmental groups and government officials, who see them as a positive step towards addressing the climate crisis.
"Vale Indonesia's commitments are a significant contribution to Indonesia's efforts to combat climate change and promote sustainable development," said Siti Nurbaya Bakar, Indonesia's Minister of Environment and Forestry.
"The company's investment in renewable energy and sustainable mining practices will help to reduce Indonesia's carbon footprint and protect our natural environment," she added.
Vale Indonesia's commitments are part of the company's broader sustainability strategy, which aims to create a more sustainable future for Indonesia and the world.
"We are committed to being a responsible and sustainable mining company," said Febriany Eddy, President Director of Vale Indonesia.
"Our commitments at COP29 are a reflection of our belief that the mining industry can play a positive role in addressing the climate crisis and promoting sustainable development," she added.
Vale Indonesia's commitments are expected to have a significant impact on the company's operations and the broader Indonesian economy.
The company's investment in renewable energy will help to reduce its reliance on fossil fuels and support the development of a cleaner energy system in Indonesia.
Additionally, Vale Indonesia's commitment to sustainable mining practices will help to protect the environment and promote the long-term sustainability of the mining industry in Indonesia.
