Imerys Minerals Ltd is a leading global supplier of mineral-based solutions for a wide range of industries, including construction, ceramics, paper, plastics, and cosmetics. The company is headquartered in the United Kingdom and operates in more than 50 countries worldwide, with a workforce of over 16,000 employees.
Imerys Minerals Ltd is committed to sustainability and decarbonisation, and has set ambitious targets to reduce its carbon footprint and transition to renewable energy sources. The company recognises the urgent need to address climate change and is taking proactive steps to mitigate its impact on the environment.
One of the key strategies that Imerys Minerals Ltd is pursuing to achieve its sustainability goals is the adoption of corporate power purchase agreements (PPAs) for renewable energy. Corporate PPAs are long-term contracts between a company and a renewable energy provider, which guarantee a fixed price for electricity generated from renewable sources. By entering into these agreements, Imerys Minerals Ltd can secure a reliable and cost-effective supply of renewable energy, while also reducing its carbon emissions.
In 2019, Imerys Minerals Ltd signed a 12-year corporate PPA with Total Eren, a leading renewable energy developer, for the supply of 20 MW of wind power in France. This agreement will enable Imerys Minerals Ltd to source around 25% of its electricity needs from renewable sources, reducing its carbon footprint by approximately 20,000 tonnes of CO2 per year. The company has also signed a PPA with EDF Renewables for the supply of 50 MW of wind power in the United States, further demonstrating its commitment to decarbonisation and renewable energy.
In addition to corporate PPAs, Imerys Minerals Ltd is also investing in its own renewable energy infrastructure. The company has installed solar panels at several of its sites, including its largest plant in Cornwall, which generates around 10% of the site's electricity needs. Imerys Minerals Ltd is also exploring the potential for other renewable energy sources, such as geothermal and biomass, to further reduce its carbon footprint.
Imerys Minerals Ltd is also focused on improving its energy efficiency and reducing its overall energy consumption. The company has implemented a range of measures to optimise its energy use, including the installation of energy-efficient lighting and equipment, the use of waste heat recovery systems, and the implementation of energy management systems. These initiatives have enabled Imerys Minerals Ltd to reduce its energy consumption by around 5% per year, resulting in significant cost savings and environmental benefits.
Imerys Minerals Ltd is committed to transparency and accountability in its sustainability efforts, and regularly reports on its progress towards its decarbonisation and renewable energy targets. The company has set a goal to reduce its carbon emissions by 30% by 2030, and to achieve net-zero emissions by 2050. Imerys Minerals Ltd is also a signatory to the United Nations Global Compact, and has committed to upholding its principles on human rights, labour, environment, and anti-corruption.
In conclusion, Imerys Minerals Ltd is a leading global supplier of mineral-based solutions that is committed to sustainability and decarbonisation. The company is taking proactive steps to reduce its carbon footprint and transition to renewable energy sources, including the adoption of corporate PPAs and the investment in its own renewable energy infrastructure. Imerys Minerals Ltd's efforts to improve its energy efficiency and reduce its overall energy consumption are also contributing to its sustainability goals. The company's commitment to transparency and accountability in its sustainability efforts is commendable, and its ambitious targets to achieve net-zero emissions by 2050 are a testament to its leadership in the transition to a low-carbon economy.