Antofagasta Share Price Dropped 2.4% on Climate Change Report

The Antofagasta plc (LON: ANTO) share price dropped 2.42% after unveiling its second Climate Change Report, reaffirming its unwavering commitment to sustainability and responsible corporate conduct.

Aligned with Antofagasta's core values of transparency and accountability, this newly released report offers a comprehensive insight into the Company's ongoing initiatives and the significant strides it has taken to combat climate change and minimise its environmental impact. 

Furthermore, this report marks a significant milestone as it includes the Company's inaugural summary of its Scope 3 emissions—a critical component of the Company's broader sustainability strategy.

As a renowned global leader in the mining industry, the publication of the sustainability report underscores Antofagasta's recognition of the pressing global issue of climate change and its proactive role in addressing this challenge.

Within the pages of the report, readers will find a detailed account of Antofagasta's efforts to reduce its carbon footprint, improve energy efficiency, and incorporate sustainable technologies into its operations. These initiatives are a testament to the Company's dedication to meeting and exceeding environmental regulations and expectations.

Moreover, Antofagasta's commitment to sustainability extends beyond its immediate operations. The report highlights the Company's comprehensive approach to understanding and addressing Scope 3 emissions, which originate from activities within the Company's value chain. 

Antofagasta recognises that sustainability is a multifaceted endeavour that requires collaboration and innovation. The report provides insights into partnerships, research, and development efforts that the Company has undertaken to drive sustainable mining practices and reduce its overall environmental impact.

As a forward-thinking industry leader, Antofagasta remains committed to regularly updating its stakeholders on its progress and future sustainability objectives. The Climate Change Report serves as a testament to the Company's dedication to transparency, accountability, and responsible stewardship of the environment.

Antofagasta's CEO, Iván Arriagada, said: “As a society, we are at a turning point in which it is imperative to make changes that allow us to address climate change. Copper plays an essential role in the solution to this challenge since it is a key metal for the production of low-carbon technologies that are necessary for the energy transition and climate change mitigation. As a copper producer, we recognise the importance of sustainability and responsible business practices in producing the copper that is needed to make carbon neutrality possible.”

Antofagasta share price. 

The Antofagasta share price dropped 2.42% to trade at 1289.50p from Thursday’s closing price of 1321.50p.