The impacts of climate change are increasingly being recognised: changing weather patterns, increased regulation, shifts in technology and societal expectations. Organisations around the world are collaborating to take action against global warming. At Iluka we want to be part of the solution to help address climate change.

We understand that the supply of mineral sands is important for the global transition to a low carbon economy. We recognise that elements of our business are energy intensive and we have a responsibility to minimise our emissions footprint and contribute to the circular economy. As well, we understand that the changing climate presents the potential for climate-related risks and opportunities from both physical and transitional impacts. 

Iluka supports the Paris Agreement objectives and IPCC assessment of climate change science and through our climate change approach, is seeking to contribute to the United Nations Sustainable Development Goal 13: climate action.

To provide a structured approach to assessing, managing and disclosing on climate change and energy, we have committed to align our approach with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) framework over a three-year period. 


Climate change approach
Our key focus areas are:

Climate resilience and adaptation

We plan for our operations and host communities to be resilient to, and adapt to, the physical impacts of a changing climate. Through climate modelling and scenario analysis we seek to understand and respond to those risks and opportunities. We aim to incorporate climate modelling in our planning and investment decisions to ensure our business is resilient to changes in temperature, rainfall and extreme weather events.

Managing our own footprint

Parts of our operations are energy intensive and we seek to reduce the amount of carbon released to the atmosphere. This starts with making sure we have a strong understanding of how energy is used in our business and by setting metrics and targets aimed at reducing our carbon footprint. We aim to improve efficiency and assess low-emission technology opportunities.

Climate opportunity

We will work towards assessing our transition opportunities to a lower carbon future. We believe that mineral sands have an essential role to play in the supply of raw materials to low carbon technology. We will review our land holdings with the aim of identifying opportunities for enduring social, economic and environmental value through projects such as biodiversity conservation, consideration of developing carbon offsets and renewable energy opportunities.

Priorities for 2019 were:
  • understanding the physical impacts of climate change on our operations;
  • reviewing our risk management approach to ensure it can effectively take account of climate-related risks, including those risks that may be highly uncertain or create impacts over a longer time horizon (10+ years);
  • addition of climate governance into the Board’s Charter, including the responsibilities of:
  • reviewing the company’s performance with respect to sustainability and climate change targets; and
  • reviewing annually the company’s climate-related risks and opportunities and approving climate-related disclosures; and
  • continuing to monitor our carbon footprint and assess reduction opportunities.
TCFD progress
Physical impacts assessment
Managing our own footprint
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