Energy Efficiency, GHG Emissions, Industrial  -  April 14, 2023

Weir Group to Move Ahead with Emissions Goals

The Weir Group PLC (Weir), a global mining technology company, will reduce absolute Scope 1&2 GHG emissions by 30% by 2030 from a 2019 base year and reduce absolute Scope 3 GHG emissions from use of sold products by 15% within the same timeframe.

The company announced its emissions reduction targets are now approved by the Science Based Targets initiative (SBTi).

The company already lowered its Scope 1 and 2 GHG emissions by a cumulative 17% since 2019. In the broader value chain, the overwhelming majority or 97% of Weir Group’s Scope 1,2 & 3 combined footprint is attributable to the use phase of its long-lifespan products and solutions on customers’ sites. 

Aligned with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations, Weir Group developed its first climate transition plan to provide full transparency on how the company delivers against our climate targets that will be included in its 2022 Annual Report which will be published in late March 2023.

“The world is not moving fast enough to avoid the consequences of climate change,” said Jon Stanton, CEO of the Weir Group, in a statement. “We know the crucial role of metals in low-carbon technologies which is why accelerated, collective action is needed to transform the way metals are mined and produced. Mining needs to scale up and clean up, and Weir’s engineered solutions have an important role to play in achieving that. The approval by SBTi of our near-term science-based greenhouse gas reductions targets reinforces our commitment to make mining smart, efficient and sustainable.”