Sherritt has had sustainability goals for several years. The establishment of organizational targets and external reporting of progress against those targets is critical to improving sustainability performance.
In 2020, Sherritt conducted several cross-functional workshops to develop and validate targets for its sustainability goals. This was complemented by external benchmarking and analysis. As a result, Sherritt is pleased to announce a suite of aspirational and interim targets that will continue to stimulate excellence and innovation.
The most notable target is: Achieve net zero greenhouse gas (GHG) emissions by 2050.
Some other highlights from the targets include:
Recognizing that we have a role to play in addressing the global climate challenge, we held workshops and conducted external benchmarking in 2020 in order to facilitate the development of a climate plan. The result is a climate plan that positions the company well for the future and aligns with the Task Force on Climate-related Financial Disclosures (TCFD) and several other recognized frameworks. The plan includes climate risk and opportunity assessments, adaptation measures to respond to a changing climate, mitigation measures to reduce our carbon footprint, innovation measures to position Sherritt’s technologies and products well for the future, and communication and disclosure steps.