Noble is positioning its business to help drive long-term sustainable growth in Asia’s transition to a low-carbon economy.

Following the adoption of the Paris Agreement in the United Nations Framework Convention on Climate Change, we believe the post-2020 climate actions outlined by key countries will set the pace for global transition towards a lower emissions economy.

Our actions are guided by the principles of the UN Global Compact and the UN Sustainable Development Goals.

Noble’s climate change strategy focuses on resources efficiency and builds optionality into supply chains.

We support an energy and climate change framework that encourages future investments that will reduce emissions, drive energy security and sustained economic growth.

2030 UN Sustainable Development Goals

Goal 7: Ensure access to affordable, reliable, sustainable and modern energy for all

Goal 13: Take urgent action to combat climate change and its impacts

The ISO-certified Jamalco bauxite and alumina production facility in Jamaica is planning to use steam energy and liquefied natural gas to deliver power cost savings and reduce greenhouse gas emissions.

Integrate Climate Risk and Opportunity

Our in-house research tracks factors that impact supply and demand such as climate change and extreme weather events.

Insights about potential impacts on our businesses and investments are considered in our investment decisions and capital allocation processes.

A transition to cleaner energy sources means investing in products such as technology and rare earth metals for solar panels and batteries for electric vehicles.

Noble is positioning its businesses and investing in the supply chains for cleaner fuel blends and raw materials for alternative energy sources.

Carbon Emissions and Carbon Neutral Project

In 2018, the total operational emissions (scope 1 and 2 under the GHG Protocol Corporate Standard) amounted to 1.79 million tonnes of CO2 equivalent, while the greenhouse gas (GHG) intensity was 0.029 tonnes of CO2 equivalent per tonne of products traded.

In our journey towards carbon neutrality, we offset the carbon footprint of our global offices and publications in 2018.

Unavoidable CO2 emissions are balanced through climate protection projects such as the purchase and retirement of verified carbon credits.

We have invested in renewable and energy-efficient projects that are proven to fight climate change and positively impact the social and economic wellbeing of the community.

Climate Risk Mitigation and Adaptation

Operations at Jamalco’s bauxite mining and alumina production facilities account for 62 per cent of Noble’s total GHG inventory.

Our ongoing sustainability priorities are building climate resilience and reducing CO2 emissions.

In addition to being ISO-certified for Jamalco’s environmental management system, a major effort is underway to convert the bauxite and alumina refinery’s boilers from fuel oil to liquefied natural gas.

A new gas powered, combined heat and power cogeneration plant will come on stream in 2020. It will supply a significant part of Jamalco’s steam energy and start the transformation to a clean energy operation.

While improving its security of energy supply, it is expected to deliver energy cost savings and a reduction in greenhouse gas emissions.

Stories

Climate ChangeCSR
12th August 2019

Towards Carbon Neutrality

Noble reduces carbon footprint for the 13th consecutive year. Noble is committed to supporting Asia’s transition to a low-carbon future. It is doing this by operating its business in a…