Copper is a critical enabler of a low carbon economy. Our ambition is to maximise the production of copper to support global decarbonisation efforts while having a positive impact on people, communities, and the environment.
Climate change is a global challenge and the management of climate-related risks and opportunities remains a priority for Sandfire. Our Board oversees our approach to managing the risks and opportunities of climate change. Our Board’s Sustainability Committee assists the Board to meet its obligations in relation to the Company’s sustainability policies and practices, including its response to climate change and carbon emissions reduction targets.
An understanding of our exposure and vulnerability to climate related risks allows us to determine where intervention may be required to improve business resilience.
Climate scenario analysis
In FY25 we:
- Updated our climate scenarios to better reflect physical and transition risks.
- Analysed historical climate data at relevant locations (across our Assets and value chain).
- Projected the likely change in climate over time.
Our climate scenarios cover a range of physical and transition impacts. We use the Coupled Model Intercomparison Project (CMIP6) climate models that represent Shared Socioeconomic Pathway-Representative Concentration Pathway (SSP-RCP) combinations to model physical climate risks and the Network for Greening the Financial System (NGFS) scenarios to assess transition risk. We use different scenario sets for physical and transition risks because each focuses on different drivers of climate risk. Our physical risk scenarios (SSP-RCP) emphasise physical climate system responses to GHG emissions, while our transition risk scenarios (NGFS) focus on the policy, technology, and economic shifts associated with the low-carbon transition.
To view our climate scenarios and our prioritised physical climate risks click here.
