Coronado Global Resources Inc. has released its 2022 Sustainability Report, with a heightened focus on the environment and climate and a significant ongoing commitment to its people and communities.
The report, which summarises Coronado’s performance for the financial year ended 31 December 2022, highlights the progress made in developing sustainable strategies which benefit all stakeholders.
“We have made impressive improvements across every one of our sustainability targets relating to emissions reductions, critical incidents and workforce diversity. We are very encouraged by the fact that we have progressed against each of these target areas in our first year of reporting against them,” said Coronado CEO Gerry Spindler.
Coronado has a directional intent to have net zero operational emissions across its business by 2050, and in 2022, made solid progress with an 11% reduction in scope 1 and 2 gross greenhouse gas (GHG) emissions compared to 2021. Coronado’s commitment to a 30% reduction in Scope 1 and 2 GHG emissions was strengthened by decarbonisation projects that commenced at both Buchanan and Curragh.
In 2019, Methane emissions from Buchanan accounted for 63% of Coronado’s total carbon impact. To address this, in July 2022, Coronado successfully commissioned its first Ventilation Air Methane (VAM) Regenerative Thermal Oxidation (RTO) unit. Utilising the latest available technology, the VAM project converts fugitive methane gas emissions to carbon dioxide, significantly reducing the mine’s carbon footprint. From July to December 2022, more than 70,000 tCO2e was removed from the Buchanan mine via the use of this technology. Given the success of the project, plans are progressing for the installation of additional RTO units in the coming years.
In 2022, Coronado reported zero work-related fatalities across the business and reported zero cultural heritage or significant environmental incidents.
“The safety of everyone who enters any of our work locations is Coronado’s absolute priority. The health and safety of Coronado’s people is reinforced everyday through our culture, which is developed via our behaviours, training, and procedures. Our commitment to health and safety is a moral obligation that Coronado will never compromise. We expect our people to go home safely every day,” said Mr Spindler.
In 2022, Coronado also made progress in its efforts to broaden the diversity of its workforce with a focus on increasing the number of female employees across all operations and the number of Aboriginal and Torres Strait Islander Peoples in Australia.
The 2022 Sustainability Report can be accessed here.
For further information please contact:
Investors
Andrew Mooney
P: +61 458 666 639
E: amooney@coronadoglobal.com
E: investors@coronadoglobal.com
Media
Helen McCombie
Citadel Magnus
P: +61 411 756 248
E: hmccombie@citadelmagnus.com