The Weir Group, a global mining technology leader, is delighted to announce it has, for the first time, secured a place on CDP’s prestigious ‘A List’ for its leadership in corporate transparency and performance on climate change.

The A List recognises companies that are leading the way in cutting emissions, mitigating climate risks and contributing to the low-carbon economy. Our ‘A’ rating in 2022 is an improvement on our A- score in both 2020 and 2021 and reflects our substantial progress in executing our sustainability strategy. This includes:

• Cutting absolute scope 1 and 2 emissions from our operations by 15% between 2019 and 2021.
  
• Sharing our strategies to respond to the risks and opportunities presented by climate change, as part of a comprehensive Task Force on Climate-related Financial Disclosures (TCFD) report.
  
• Committing to new, more ambitious SBTi-aligned targets to reduce our absolute scope 1 and 2 CO₂e emissions by 30% and absolute scope 3 CO₂e emissions by 15% across operations and value chain by 2030, versus a 2019 baseline. The targets have been submitted for review and validation by SBTi.
  
• Publishing the results of our first scope 3 CO₂e emissions study which showed that 97% of Weir’s emissions come from scope 3 emissions from our products in use by our customers

Weir is a leading supplier of innovative, highly engineered technology to the world’s mining industry and with a large proportion of our total emissions falling within scope 3, our biggest contribution to tackling climate change will come from providing sustainable solutions for our customers.  

Commenting on Weir’s A score, Jon Stanton, CEO said:

“Achieving a place on CDP’s ‘A List’ validates our purpose to enable the delivery of the natural resources essential to create a better future for the world and reflects our strong commitment to making mining smart, efficient and sustainable. It recognises the tremendous effort of teams across Weir to cut emissions in our own facilities, help our customers achieve their sustainability ambitions and support our stakeholders’ understanding of our business’ contribution to managing climate change.”

Find out more about how we are making mining smarter, more efficient and sustainable at www.global.weir/investors/capital-markets-event-december-2022  

Read our TCFD report and results of our scope 3 emissions study in our 2021 Annual Report at www.global.weir/investors/reporting-centre/

CDP’s annual environmental disclosure and scoring process is widely recognised as the gold standard of corporate environmental transparency. In 2022, over 680 investors with over US$130 trillion in assets and 280 major purchasers with US$6.4 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform.