Inca.

The Glencore Mining-related emissions reduction plan is admirable, but behind the timetable implimentation expections expected by the voting public of Ontario, and Canada, at large.

Im hoping this timetable will be sped up dramaticaly by Ontario government announcments , in the forthcoming days and weeks. Peter

re Glencore ,....Scope 1 emissions 2019 Baseline, (excerpt below)

Within our commodity departments there are a number of process technology and innovation programmes researching the ability to reduce emissions from the use of carbon-based reductants. These include research activities into the use of hydrogen as well as the use of bio-sourced carbon.

Diesel is one of the largest contributors to our Scope 1 emissions. We have identified three pathways to address this:

• In the near-term, we will consider deploying existing fleet electrification technologies at our large open-

pit operations that are connected

to national grids already utilising renewable energy sources.

• In the medium to longer term, our planning of mining fleet replacement will align with the expected arrival

of new technology equipment not currently commercially available, such as battery electric or hydrogen fuel cell haul trucks. We anticipate these technologies becoming available before the end of this decade.

• In collaboration with our peers

and equipment manufacturers through the ICMM, we continued

to work to promote operational and technological innovation required to reduce emissions. The programme

is working to accelerate the development of zero-emission mining equipment and ultimately aims to enable mining operations to adopt zero emission surface mining fleet by 2040.

Along with our direct actions to reduce Scope 1 emissions within our ongoing operational boundaries, we recognise that our coal business is the largest consumer of diesel, as well as our largest source of fugitive emissions. On this basis, the responsible depletion of our coal assets will also be an important contributor towards reducing our

Scope 1 emissions.

Strategic overview

Delivering our ambition

Review of industry organisations

Delivering our Managing our Reducing Scope 3 Allocating capital to Collaborating with Supporting uptake and Utilising technology to improve Transparent ambition operational footprint emissions prioritise transition metals our supply chains integration of abatement resource use efficiency approach

Additional information

      Reductants 28%

FerroAlloys

Diesel 26%

Coal

Fugitives 22%

Other fossil fuel 13%

Oil

Copper

   Coal

Nickel

Zinc

  Coal 11%

Nickel

     Nickel

Nickel

Zinc

Ferro Alloys

 Zinc

Copper

Oil

Copper

FerroAlloys

Oil Zinc

Many of our industrial assets include downstream processing into final

metal products, including copper, nickel, ferroalloys and zinc. As a result, carbon-based reductants are the largest emissions contributor to our Scope 1 operational footprint. These reductants are required for the smelting of mineral concentrates to produce final metals and are typical of a vertically-integrated supplier of the commodities required to drive the energy transition.

It is understood that emissions from the use of reductants are hard to abate and require a fundamental change to the existing process technology. For this reason, our decarbonisation pathway considers a longer timeframe needed to address emissions from the use of reductants.

During 2021, we continued to collect asset-level data to improve our understanding of our abatement opportunities. We incorporated

this work into our annual planning cycles, supporting our assessment of the carbon price scenarios required to trigger the investment in these opportunities.

Through understanding the impact of the different carbon prices from the key climate scenarios on our assets’ cost curves and emission profiles,

we can identify where and when

• to make investment in abatement opportunities. This ensures that we target value-accretive investments, thereby incorporating climate change considerations into our business strategy rather than considering emissions reduction as a standalone work streamy