Tronox Issues 2023 Sustainability Report
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Reinforcing its carbon emission reduction targets, including reducing Scope 1 and 2 carbon emissions intensity by 50% by 2030 against a 2019 baseline and achieving carbon neutrality by 2050 and reducing Scope 3 carbon emissions by 9% by 2025 and 16% by 2030 against a 2021 baseline. The Company reduced its 2025 Scope 1 and 2 target to 25% (from 35%) to align with the latest anticipated timing of its second renewable project in
South Africa , now expected to come online by 2027. -
Commissioning of a 200MW solar project in
South Africa , estimated to provide 40% of the Company's total energy needs in the region and to result in an incremental 13% reduction in Scope 1 and 2 carbon emissions in 2024 relative to the 2019 baseline -
Progressing the second largest renewable project in
South Africa by entering into a long-term power purchase agreement withNOA Group for ~497GWh of renewable energy, which is expected to reduce Scope 1 and 2 carbon emissions by an incremental 12% globally, once fully implemented in 2027 - Reducing Scope 1 emissions and improving production efficiencies by implementing automated process controls (APCs) for chlorination to reduce coke consumption at the Company's pigment plants
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Engaging top-emitting suppliers in planning to reduce their greenhouse gas emissions as part of
Tronox's Scope 3 emissions reduction strategy - Progressing towards the Company's 2050 goal of eliminating waste to external landfills by creating new markets for waste byproducts and reusing waste streams as raw materials at the Company's operations
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Committing to alignment with the
Taskforce on Nature-Related Financial Disclosures (TNFD) and Science-Based Targets for nature in the next two years to improve management of biodiversity - Conducting an employee culture survey to understand the performance measures and attributes that yield high performance and identify areas for improvement to guide employee engagement strategy
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Receiving endorsement from Reconciliation Australia for
Tronox's inaugural Reflect Reconciliation Action Plan (RAP) – part of the Company's efforts to continue nurturing relationships with Aboriginal and Torres Strait Islander communities near the Company's operations -
Receiving approval on the next five-year iteration of the Company's Social and Labor Plan (SLP) in
South Africa , which will include an investment of R67 million (South African Rand) in projects designed to meet critical community needs.
"At Tronox, our approach is to be a good corporate citizen through safe operations, close relationships with our host communities and other stakeholders, advancing environmental stewardship, and maintaining a sustainable business," said
The 2023 sustainability report is available at Sustainability Reports -
About
Cautionary Statement about Forward-looking Statements
Statements in this release that are not historical are forward-looking statements within the meaning of the
Moreover, we operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible for our management to predict all risks and uncertainties, nor can management assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future sustainability results, performance, or achievements. Neither we nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Unless otherwise required by applicable laws, we undertake no obligation to update or revise any forward-looking statements, whether because of new information or future developments.
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