Anglo American

Anglo American has a 2040 carbon neutrality ambition, which can be used as the company’s long-term climate transition target. However, in the 2025 Sustainability-related Disclosure Supplement, this is not presented as a simple standalone “net zero by X year” target table. For benchmarking, the safest wording is: carbon neutrality ambition by 2040; operational Scope 1+2 interim target disclosed separately.

2040 carbon-neutrality ambition; not framed as standalone SBTi-validated net zero.

The clearest interim target is a 30% reduction in operational Scope 1+2 GHG emissions by 2030. In the 2025 supplement, progress is measured against an updated 2016 baseline of 9.2 MtCO₂e. In 2025, Scope 1+2 emissions were 6.3 MtCO₂e, representing a 32% reduction against the updated 2016 baseline.

30% Scope 1+2 by 2030 vs 2016; achieved 32% reduction by 2025.

Anglo American reports Scope 1, Scope 2 and Scope 3 emissions. In 2025, Scope 1 emissions were 5.6 MtCO₂e, Scope 2 emissions were 0.7 MtCO₂e, and total Scope 1+2 emissions were 6.3 MtCO₂e. Total Scope 3 emissions were 136.6 MtCO₂e. The largest Scope 3 categories were Category 10 processing of sold products: 78.7 MtCO₂e and Category 11 use of sold products: 45.7 MtCO₂e, together representing around 91% of total Scope 3 emissions.

Scope 1, 2 and 3 with category 10/11 breakdown.

Anglo American discloses responsible extraction-related evidence through Responsible Product Offering, Responsible Mine Closure and Post-mining Transition, FutureSmart Mining™ and Responsible Sourcing. The evidence is mainly policy- and strategy-based rather than a single quantified target. It supports the benchmark because it shows a structured approach to responsible mining, product stewardship, responsible sourcing, and reducing social and environmental impacts at closure.

FutureSmart Mining, Responsible Sourcing, Responsible Mine Closure.

Anglo American reported 2025 production emissions intensity of 4.2 tCO₂e / t CuEq, compared with 4.6 tCO₂e / t CuEq in 2024. This represents an approximate 9% year-on-year decline. The GRI table also reports 4.24 tCO₂e / tCuEq excluding demerged business and 4.96 tCO₂e / tCuEq including demerged business.

4.2 tCO2e/tCuEq in 2025, ~9% YoY decline.

Scope 1+2 emissions were 6.3 MtCO₂e in 2025, down from 7.3 MtCO₂e in 2024, representing a 14% year-on-year reduction. Against the updated 2016 baseline of 9.2 MtCO₂e, the total reduction is 32%. Including the demerged PGMs business, 2025 Scope 1+2 emissions were 7.9 MtCO₂e.

32% absolute Scope 1+2 reduction vs 2016 baseline.

In 2025, Group total freshwater withdrawals were 56,992 ML, down 5% from 60,164 ML in 2024. Across the 19 target sites, freshwater withdrawals were 20,955 ML, down 17% from 25,394 ML in 2024. Water efficiency was 85%, compared with 86% in 2024. The report also provides detailed breakdowns for surface water, groundwater, third-party water, discharge and consumption.

56,992 ML withdrawals; 85% efficiency; full breakdown.

Anglo American uses a catchment-based water stewardship approach covering water withdrawals, water use, mine dewatering, run-off, purchased water, wastewater, discharge and stormwater management. In 2025, the company published three Best Practice Principles for Water Management, covering strategic dewatering plans, proactive surface water management and water balance modelling. The company also reported zero Level 3+ environmental incidents in 2025.

Catchment-based stewardship; zero Level 3+ environmental incidents.

Anglo American maintains a biodiversity approach based on a continuous and externally validated pathway to Net Positive Impact (NPI) throughout the life of each asset. The baseline year remains 2018. The company uses Quality Habitat Hectares (QHH) as a Group-wide biodiversity metric to measure habitat quantity and quality around operations.

Net Positive Impact pathway; QHH metric; site count not headline.

For Anglo American, the most relevant equivalent to seabed / habitat disturbance is land-use and habitat disturbance. The company owns or manages approximately 545,000 hectares of land, of which around 14% / 78,000 hectares is disturbed for mining or processing operations. QHH is used to measure the quantity and quality of ecosystems impacted in and around operations.

545,000 ha managed; 78,000 ha disturbed (~14%) disclosed.

In 2025, managed operations completed 578 hectares of rehabilitation, exceeding the planned 551 hectares. All business units met or exceeded their rehabilitation targets. Steelmaking Coal also rehabilitated 1,010 boreholes and 466 hectares of disturbed land. For operations not yet conducting active rehabilitation, studies were completed at four locations to unlock future rehabilitation opportunities.

578 ha rehabilitated in 2025; targets exceeded across BUs.

Mineral residue management is a strong disclosure area. Anglo American continues external third-party validation of tailings storage facility conformance with the Global Industry Standard on Tailings Management (GISTM). At Gahcho Kué, the company transitioned from an external above-ground TSF to in-pit deposition, removing TSF-related acute catastrophic risk. The company is also evaluating TSF re-mining at El Soldado, Perez Caldera TSF removal at Los Bronces, tailings filtration at Minas-Rio, and backfilling plans for Sakatti and Los Bronces Underground.

GISTM external validation; in-pit deposition transitions.

In 2025, Anglo American reported 41,918 tonnes of waste to landfill and 195,860 tonnes of waste diverted from landfill, representing an 82% diversion rate. The 2024 diversion rate was 71%. Total waste disposed was 237,777 tonnes, down from 602,483 tonnes in 2024. Total waste reused or recycled was 154,270 tonnes.

82% diversion rate; total waste figures disclosed.

The clearest environmental compliance indicator is that Anglo American reported zero Level 3 or above environmental incidents at managed operations in 2025. The company also achieved zero Level 3+ environmental incidents in 2024. This is useful for the marine / extractive benchmark as evidence of environmental incident management, permit discipline and operational control.

Zero Level 3+ environmental incidents in 2024 and 2025.

Supplier due diligence evidence is strong. In 2025, 318 suppliers were assessed for environmental impacts, and 2 suppliers were identified as having significant actual or potential negative environmental impacts. The same number of suppliers, 318, was assessed for social impacts, with 2 suppliers identified as having significant actual or potential negative social impacts. In addition, 318 suppliers completed self-assessment questionnaires, and 9 third-party on-site audits were conducted under the Responsible Sourcing Standard for Suppliers.

318 suppliers assessed; 9 third-party audits; SAQs completed.