Listed natural resources development company Nickel Asia Corp. (NAC) said it completed the inventory of its carbon emissions related to land use change, making it the first company with mining assets in the Philippines to do so.
The milestone would allow NAC to set proper targets and align its programs toward achieving its Net Zero Carbon objective by 2050 and submit these targets to the Science Based Targets initiative (SBTi) – a global body that promotes best practices in reducing emissions anchored on climate science.
The study, conducted in partnership with the University of the Philippines Los Baños (UPLB), was commissioned by NAC to determine the carbon emissions from land use change in its nickel mining sites including 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.
Led by Dr. Florencia B. Pulhin, the research, titled ‘Carbon Emissions from Land Use Change in Nickel Mining,’ calculated the amount of carbon stored in different carbon pools, estimated the total amount of carbon stored in the forests and soils, as well as the carbon emissions of the forests and soil due to mining operations.