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Hudbay Minerals Announces Release of its 20th Annual Sustainability Report and Launches Company Purpose Statement
TORONTO, June 12, 2023 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) today announced the release of its Annual Sustainab
About this update from Hudbay Minerals Inc
[{"type":"text","content":" TORONTO, June 12, 2023 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) today announced the release of its Annual Sustainability Report which provides transparency and progress on key accomplishments and initiatives in 2022 along with goals for the upcoming year and longer term. Along with this release, Hudbay has launched its purpose statement describing the value the company creates and the impact it has while contributing to a low-carbon future: We care about our people, our communities and our planet. Hudbay provides the metals the world needs. We work sustainably, transform lives and create better futures for communities. “Hudbay enjoys a rich history that grounds us and a purpose that leads to a bright future,” said Peter Kukielski, Hudbay’s President and Chief Executive Officer. “We are committed to finding and producing copper and other critical metals needed to combat climate change, to pursuing responsible growth while meeting our greenhouse gas (GHG) emissions targets, to ensuring our activities benefit the communities near our operations and to delivering dependable value for our stakeholders. In 2022, we took tremendous steps to manage the social, environmental and economic risks associated with mining. Notably, in December we announced several climate change initiatives, including 2030 GHG reduction targets and a commitment to achieve net zero GHG emissions by 2050.” Sustainability is an organization-wide commitment that defines Hudbay, and the company demonstrates it in every aspect of its operations. In 2022, the company took the below actions: Hudbay announced its commitment to achieve net zero GHG emissions by 2050, in line with the Paris Agreement, while adopting interim GHG reduction targets for 2030 to support this commitment. Pursuing a 50% reduction in absolute Scope 1 and Scope 2 emissions from existing operations by 2030 (compared to 2021); Achieving net zero total emissions by 2050; Reporting on material Scope 3 emissions in the near term; Assessing acquisitions and new projects against corporate emissions targets; Continuing to be transparent with GHG performance data disclosure, including reporting total GHG emissions and GHG intensity; and Evaluating new technologies as they become commercially available and economically viable. 69% of the company’s ind...