Business
Matching ICMM's Net Zero Scope 1 & 2 Commitments
Matching ICMM's Net Zero Scope 1 & 2 Commitments.
About this update from Savannah Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2724R\n Savannah Resources PLC\n 04 November 2021\n \n \n \n \n \n \n \n 04 November 2021\n \n \n \n \n \n Savannah Resources Plc\n \n \n \n (AIM: SAV, FWB: SAV and SWB: SAV)\n \n \n ('Savannah' or the 'Company')\n \n \n \n \n \n \n Matching the ICMM's Net Zero Scope 1 & 2 Commitments\n \n \n \n \n \n With the 26th UN Climate Change Conference of the Parties (\"COP26\") now underway, Savannah takes the opportunity to endorse the recent commitment made to a goal of net zero Scope 1 and 2 greenhouse gas (\"GHG\") emissions by the members of the International Council on Mining and Metals (\"ICMM\") by 2050 or sooner. Savannah is committed to moving towards the same Scope 1 and 2 net zero emissions goals but doing this in the 2020s and 2030s during the operating phase of its wholly owned \n Barroso Lithium Project (the \"Barroso Project\", or the \"Project\") in northern Portugal. Furthermore, in line with\n the ICMM membership, Savannah is additionally targeting the reduction of its Scope 3 emissions. \n Producing a 'net zero' lithium product at the Barroso Project would help to ensure that lithium entering the European value chain generates the maximum environmental benefit it can when operating in batteries.\n \n \n \n \n \n \n Highlights:\n \n \n · \n Scope 1 emissions: In line with the commitment being made by the ICMM members, Savannah is also actively engaged with suppliers of mobile mining equipment to identify suitable zero-emissions models which are expected to become available during the operating phase of the Project \n \n \n · \n Scope 2: From the start of its operation, the Barroso Project will benefit from the approximate 60% renewable energy contribution to Portugal's grid power, however, Savannah is targeting the provision of 100% renewable power to the Project \n \n \n · \n Savannah expects to have 100% renewable power provision in place and be introducing zero-emission mining vehicles within the first five years of production. This would ensure the majority of the Project's operating phase is undertaken with Scope 1 & 2 emissions being actively managed towards zero\n \n \n · \n Savannah will also evaluate opportunities to reduce, eliminate or partially or fully offset emissions generated in the initial production phase so that the 'li...