Sydney: Nickel Industries is pleased to announce the release of the Company’s 2023 Sustainability Report. This report demonstrates the Company’s commitment to its stakeholders, reflecting accountability for sustained, long-term growth and responsibility towards Environmental, Social, and Governance (ESG) and sustainability.
The report has been meticulously developed in accordance with key reporting principles, including stakeholder inclusiveness, materiality, completeness, accuracy, balance, clarity, comparability, reliability, and timeliness. It reflects the collaborative efforts of discussions held throughout 2023.
The Company has reported the information cited in this Global Reporting Initiative (GRI) content index for the period from January 1, 2023, to December 31, 2023, in accordance with the GRI Standards, along with the Metals and Mining (MM) Supplement Sector; Sustainability Accounting Standards Board (SASB) for Metals and Mining Standard; and the early adoption of the International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards.
Nickel Industries proudly assumes leadership in advancing sustainability within Indonesia’s nickel sector. The Company is honoured to showcase these initiatives in the Sustainability Report. Its commitment extends to promoting and implementing industry best practices across mining and downstream processing operations, with steadfast support from the local communities in which it operates.
One of the most important goals of the Company is to reduce its carbon footprint. In December 2023, Nickel Industries announced its emission reduction target in conjunction with the COP28 United Nations Climate Change Conference. The Company unveiled its commitment to a 50% reduction in carbon intensity by 2035 and achieving net zero emissions by 2050.
In pursuit of this commitment, Nickel Industries implemented several initiatives in 2023. In October, the Company signed an Operation Lease and Service Agreement (OLSA) with PT Sumber Energi Surya Nusantara (SESNA) for the installation of a 200-MWp solar project with a 20-MWh battery to power its operations in Indonesia. In December, the Company added Electric Vehicles (EV) to its haulage fleet at Hengjaya Mine, marking a significant step towards driving operational efficiencies and materially reducing its emissions profile.
Furthermore, the Company continues to expand its portfolio of high pressure acid leach (HPAL) projects. This includes a positive final investment decision to invest in Excelsior Nickel Cobalt (ENC), a next-generation HPAL project capable of producing Mixed Hydroxide Precipitate (MHP), nickel sulphate, and nickel cathode.
Nickel Industries’ efforts to reduce emissions are poised to establish a precedent, motivating other companies to adopt similar initiatives. As the journey towards sustainability continues, the Company affirms its commitment to transparently sharing its progress through this Sustainability Report.
Also read: Nickel Industries is Emerging as One of the World's Largest Listed Producer of Nickel
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