Decarbonisation fund
Our industry-leading decarbonisation fund is supporting our emissions reduction ambitions and funding decarbonisation projects.
Integral to our decarbonisation plan is our internal decarbonisation fund, which has been effective since 1 July 2024.
Designed to provide a financial incentive for our business units to embed decarbonisation targets as part of their business-as-usual operations, all facilities under MinRes’ operational control are charged for every tonne of Scope 1 and 2 emissions.
Emissions are calculated based on the facility’s consumption of energy commodities such as diesel, gas, electricity and other emissions sources. Operations are charged the preceding month’s average generic ACCU spot price for every tonne of Scope 1 and 2 emissions.
The fund provides MinRes with an aggregated pool of money to meet its Safeguard Mechanism compliance obligations through the purchase of offset units, as well as providing funding for group wide decarbonisation projects.
Decarbonisation projects that are seeking funding from the decarbonisation fund are considered by the MinRes Decarbonisation Working Group, with the ultimate funding decision made by the Decarbonisation Steering Committee.
The decarbonisation fund presents an exciting opportunity for us to lead the way in achieving our operational emissions ambitions and championing decarbonisation in the industry.