Global zinc producer sets target to reduce
greenhouse gas emissions and reach neutrality by 2040 and net zero
by 2050
Nexa Resources S.A. (“Nexa Resources” or “Nexa” or the
“Company”) (NYSE Symbol: “NEXA”) has announced new long-term
environmental, social, and governance (“ESG”) commitments. Aligned
with the Paris Agreement and focused on reducing the impacts of
climate change, Nexa plans to reach net-zero greenhouse gas
emissions (“GHG”) by 2050, and net neutrality – the balance between
carbon emissions and absorption – by 2040.
To accomplish this objective, Nexa has established commitments
to reduce direct emissions (scope 1) by 20%, a total reduction of
52 thousand tons of carbon equivalent by 2030, with 2020 as the
baseline year. In addition, the Company plans to maintain the high
use of renewable resources in its energy matrix. Regarding scope 3
emissions, the Company started mapping its entire value chain to
align with the goal to become net zero by 2050.
“We look forward to further improving our sustainability
trajectory. Every year, we’ve been reducing GHG emissions,
developing projects related to scope 1 reduction, and seeking to
keep our energy matrix mostly renewable,” says Ignacio Rosado,
Nexa’s CEO. Currently, the Company’s decarbonization efforts
include several initiatives, such as the use of biomass to generate
steam, hydrogen injection systems in automotive machines, tests
with bio-oil in zinc furnaces, natural gas as a replacement for
fuels such as liquefied petroleum gas (LPG) and diesel, and
commercial agreements for the exclusive use of renewable energy in
Brazil and Peru, among other initiatives.
Based on the market studies performed by the Company, Nexa
already has one of the smallest carbon footprints, compared to
other zinc producers (scopes 1 and 2). In 2021, this translated to
about 0.41 tons of CO2 equivalent per ton of commercialized zinc
and zinc oxide.
“Our ESG strategy includes commitments across different areas,
such as water usage and disposal, safety and workplace, and the
reduction of CO2 equivalent emissions, in line with the Sustainable
Development Goals of the United Nations,” concludes Rosado. In
addition, topics such as waste and dam management, local
development, decommissioning, and human rights are also included in
Nexa’s ESG strategy and underpinned by our pledge to integrity and
transparency.
Find out more information and details about Nexa’s ESG strategy
and commitments through 2030 at the website:
www.nexaresources.com/esg.
Nexa’s 8 long-term commitments include:
Emission Reduction and Neutrality: Nexa has been reducing
GHG emissions for more than a decade, and currently has one of the
lowest carbon footprints in the world in the zinc production
industry (scopes 1 and 2). In alignment with the Paris Agreement,
Nexa’s goal is to reach net zero by 2050.
1. Absolute reduction of scope 1
emissions by 20% (52 thousand tons of CO2 equivalent), keeping
Nexa’s electrical energy matrix almost entirely composed of
renewable sources; 2. Reach neutrality of emissions by 2040;
3. Reach net zero by 2050.
Safety: The Company seeks to be a model when it comes to
safety, focusing on building a safer environment with zero
fatalities and a reduction of severe accidents through a robust
cultural transformation program in health and safety, including
awareness campaigns, counseling, and monitoring for both employees
and third parties.
4. Zero fatalities in all operating
units; 5. Consolidate all units in the first quartile (*) of
the mining industry with regard to the Total Recordable Injury
Frequency Rate (“TRIFR”).
(*) Currently, the average Nexa operation is already in the 1st
quartile of the industry, considering 2021 as the base year.
Water usage and disposal: Nexa prioritizes the
responsible management of water and seeks to reduce its consumption
by 2030.
6. 10% reduction of water consumption
in mining operations (from 1.68 m³/ton of ROM (*) to 1.51 m³/ton of
ROM) and metallurgy units (from 24.01 m³/ton of metal to 21.61
m³/ton of metal), considering as a baseline the consumption of the
last 12 months (2021-22).
(*) Run-of-mine: crude ore, extracted directly from the mine
without undergoing any kind of processing.
Plurality (diversity, equity, and inclusion): Nexa is
committed to being an increasingly plural company, with diversity,
equity, and inclusion, to promote an environment of opportunity,
recognition, and acceptance for all. Our goals by 2030 include:
7. 30% of women in the workforce; (*)
8. 30% of women in leadership positions.
(*) Currently, we already have 16.5% women in our workforce, and
21% in leadership positions. The Aripuanã Unit in Brazil is already
ramping up with 30% women
About Nexa
Nexa is a large-scale, low-cost integrated zinc producer with
over 60 years of experience developing and operating mining and
smelting assets in Latin America. Nexa currently owns and operates
five long-life underground mines - three located in the Central
Andes of Peru and two located in the state of Minas Gerais in
Brazil - and is starting the Aripuanã Project as its sixth
underground mine in Mato Grosso, Brazil. Nexa also currently owns
and operates three smelters, two located in Brazil and one in Peru,
Cajamarquilla, which is the largest smelter in the Americas. Nexa
was among the top five producers of mined zinc globally in 2021 and
also one of the top five metallic zinc producers worldwide in 2021,
according to Wood Mackenzie.
Cautionary Statement on Forward-Looking Statements
This news release contains certain forward-looking information
and forward-looking statements as defined in applicable securities
laws (collectively referred to in this news release as
“forward-looking statements”). Forward-looking statements contained
in this news release may include, but are not limited to, zinc and
other metal prices and exchange rate assumptions, projected
operating and capital costs, metal or mineral recoveries, head
grades, mine life, production rates, and returns; the Company’s
potential plans; the estimation of the tonnage, grade and content
of deposits and the extent of the Mineral Resource and Mineral
Reserve estimates; timing of commencement of production;
exploration potential and results; the timing and receipt of
necessary permits for future operations; the impacts of COVID-19 in
our operations.
These statements are based on information currently available to
the Company and the Company provides no assurance that actual
results and future performance and achievements will meet or not
differ from the expectations of management or qualified persons.
All statements other than statements of historical fact are
forward-looking statements. The words “believe,” “will,” “may,”
“may have,” “would,” “estimate,” “continues,” “anticipates,”
“intends,” “plans,” “expects,” “budget,” “scheduled,” “forecasts”
and similar words are intended to identify estimates and
forward-looking statements. Forward-looking statements are not
guarantees and involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or
achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking statements. Actual results and developments may
be substantially different from the expectations described in the
forward-looking statements for a number of reasons, many of which
are not under our control, among them, the activities of our
competition, the future global economic situation, weather
conditions, market prices and conditions, exchange rates, and
operational and financial risks. The unexpected occurrence of one
or more of the abovementioned events may significantly change the
results of our operations on which we have based our estimates and
forward-looking statements. Our estimates and forward-looking
statements may also be influenced by, among others, legal,
political, environmental, or other risks that could materially
affect the potential development of the Project, including risks
related to outbreaks of contagious diseases or health crises
impacting overall economic activity regionally or globally.
These forward-looking statements related to future events or
future performance and include current estimates, predictions,
forecasts, beliefs and statements as to management’s expectations
with respect to, but not limited to, the business and operations of
the Company and mining production, our growth strategy, the impact
of applicable laws and regulations, future zinc and other metal
prices, smelting sales, capex, expenses related to exploration and
project evaluation, estimation of Mineral Reserves and/or Mineral
Resources, mine life and our financial liquidity.
Forward-looking statements are necessarily based upon a number
of factors and assumptions that, while considered reasonable and
appropriate by management and qualified persons considering their
experience are inherently subject to significant uncertainties and
contingencies and may prove to be incorrect. Statements concerning
future production costs or volumes are based on numerous
assumptions of management regarding operating matters and on
assumptions that demand for products develops as anticipated, that
customers and other counterparties perform their contractual
obligations, full integration of mining and smelting operations,
that operating and capital plans will not be disrupted by issues
such as mechanical failure, unavailability of parts and supplies,
labor disturbances, interruption in transportation or utilities,
adverse weather conditions, and that there are no material
unanticipated variations in metal prices, exchange rates, or the
cost of energy, supplies or transportation, among other
assumptions.
Estimates and forward-looking statements refer only to the date
when they were made, and we do not undertake any obligation to
update or revise any estimate or forward-looking statement due to
new information, future events or otherwise, except as required by
law. Estimates and forward-looking statements involve risks and
uncertainties and do not guarantee future performance, as actual
results or developments may be substantially different from the
expectations described in the forward-looking statements. Further
information concerning risks and uncertainties associated with
these forward-looking statements and our business can be found in
our annual report on Form 20-F and in our other public disclosures
available on our website and filed under our profile on SEDAR
(www.sedar.com) and on EDGAR (www.sec.gov).
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version on businesswire.com: https://www.businesswire.com/news/home/20221006006080/en/
Roberta Varella – Head of Investor Relations ir@nexaresouces.com
+55 11 94473-1388
Grafico Azioni Nexa Resources (NYSE:NEXA)
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Da Gen 2025 a Feb 2025
Grafico Azioni Nexa Resources (NYSE:NEXA)
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