Kuniko (ASX:KNI) has achieved CarbonNeutral service certification, in accordance with The CarbonNeutral Protocol, the leading global framework for carbon neutrality.
Highlights:
▪ Kuniko takes aim at a higher standard in sustainable, low carbon and ethical practices for its exploration activities, pursuing its net zero carbon goals throughout exploration, development and production.
▪ To achieve CarbonNeutral certification, Kuniko engaged with Minviro and Climate Impact Partners, specialists in carbon impact assessments and market solutions for climate action.
▪ Quantification of the greenhouse gas emissions (GHG) from 2021 and 2022 exploration activities has been completed and a GHG assessment prepared in accordance with ISO-14064-1:2018 standard, and in line with the requirements of The CarbonNeutral Protocol 2023.
▪ Total GHG impacts of past exploration activities over calendar years 2021 and 2022 are assessed to be 246 t CO2 equivalent, inclusive of direct and indirect emissions (Scope 1, 2 and 3).
▪ Kuniko strives to minimize the footprint of its exploration activities; however unavoidable emissions have been offset through supporting nature-based projects, specifically the Albany Water Improved Forest Management project in North America, which delivers emissions reductions to tackle climate action, ensures protection and access to clean water, while also promoting life both on land and below water.
▪ To ensure a compensated carbon footprint from exploration activities is maintained during 2023, Kuniko has proactively offset a further 206 t CO2 equivalent in advance of the annual impact assessment occurring next year.
▪ Having calculated the carbon footprint of past exploration activity and reduced it to zero through offsetting, Climate Impact Partners has provided Kuniko with the CarbonNeutral service certification, in accordance with The CarbonNeutral Protocol.
▪ Kuniko acknowledges its activities from exploration through to future operations will require further and ongoing commitment and efforts focussed on both avoidance and reduction of emissions. Exploration plans for the current year have been reviewed and structured to minimize the carbon footprint.
“Our portfolio of battery metals projects continues to deliver great results, though how we go about our business is an equally important success driver,” CEO, Antony Beckmand, said.
“We believe that maintaining a strong focus on undertaking our activities to the highest ESG standards is a significant enabler to Kuniko’s success, aligning us with forward leading organizations that are winning through delivering into global decarbonization goals. This approach is not only the right way, but also the right thing to do.
“We are delighted to have had the opportunity to work with experts in this sector, Climate Impact Partners. They have over 25 years’ experience running some of the most innovative and largest voluntary carbon offsetting programs in the world. Working with them means the projects we support are independently verified, aligned with sustainable development goals and have a real and positive impact on the climate.
“Achieving this certification recognizes that carbon neutral exploration is the new standard which all explorers should be striving towards, so we are very pleased to have reached this milestone for all our stakeholders.”
Chris Duck, Senior Manager, Client Engagement for Climate Impact Partners said they work with leading organizations to deliver action on climate change and create a more sustainable world.
“Our joined-up approach helps organizations address their environmental impacts through high-quality carbon market solutions that also deliver positive impact for nature and local communities.
“Kuniko’s products are helping the global shift to a low-carbon economy, and the company achieving CarbonNeutral service certification for its exploration activities is delivering positive climate impacts right now.”
For further information please visit: https://kuniko.eu/
