A multinational mining company’s brave strategy for net zero by 2050

idoba’s strategic guidance transformed a multinational mining company’s operations to reduce greenhouse emissions

Our multinational mining client is demonstrating industry leadership by committing to reducing its greenhouse emissions in line with the Paris Agreement. But here’s the rub: although the desired outcomes were clear, the way to get there was not so much. Our client needed to transform operations across various commodities, operations and world regions. 

Our forward-thinking analysts and strategists worked closely with the client to deeply understand the problem of complex transformation. Our team extrapolated a decarbonisation plan by region and commodity type, laying out specific targets and goals that would achieve net zero emissions by 2050. 

A key component of the project was understanding the particular technological levers that would drive decarbonisation across multiple time horizons and commodities. This work resulted in new business planning goals and triggered innovation portfolios, packaged in an executable roadmap. In addition, we developed a compelling case for change. This led to an increase in client investment in sustainability projects and ensured long-term social license to operate, valued at more than US$200 million.

A clear vision, a robust portfolio of activities and thorough industry research were essential to the program’s success. We collaborated to balance priority themes with timing and technical horizons. With a firm focus on the critical action points, our client committed a dedicated team of full-time specialists. 

So far, our client has reduced its carbon emissions by 20% (a reduction of 3Mt of CO2-e). This was accomplished by renegotiating green energy contracts, introducing a prototype mine-rated electric vehicle, and a US$400 million fund to support Greenhouse Gas reduction projects.