BIZ BUZZ: NAC marks milestone

Listed natural resources development company Nickel Asia Corp. (NAC) has marked another milestone in attaining net-zero emissions across its business operations.

NAC announced it was the first entity with mining assets to fully account for its carbon emissions related to land use change. This allows the company to set targets and align its programs toward achieving its net-zero carbon objective by 2050.

These targets will be submitted to the Science Based Targets initiative, a global body that promotes best practices in reducing emissions anchored on climate science.

NAC made this development after commissioning the University of the Philippines Los Baños to determine its carbon emissions from land use change in the following nickel mining sites: Cagdianao Mining in Cagdianao, Dinagat Islands; Hinatuan Mining in Surigao del Norte; Rio Tuba Nickel Mining in Bataraza, Palawan; and Taganito Mining in Claver, Surigao del Norte.

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The research, entitled “Carbon Emissions from Land Use Change in Nickel Mining,” revealed that the firm is “truly serious about rehabilitating the areas they once mined,” according to Florencia Pulhin, who led the research team.