The Royal Mint’s decarbonisation targets have been validated by the Science Based Targets initiative (SBTi) as it commits to reach net zero across its own operation and supply chain by 2050.
The coin manufacturer – which is also Britain’s oldest business – has committed to reducing its scope 1 and 2 GHG emissions by 90% by 2050.
It is also committed to reducing all scope 3 GHG emissions by 90% by the end of the decade, including those generated from purchased goods and services, waste management, and business travel.
Near-term targets will see The Royal Mint reduce absolute scope 1 and 2 GHG emissions by 42% by 2030, and absolute scope 3 GHG emissions by 25%.
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The Royal Mint CEO Anne Jessop said the company’s commitment marks a “significant step towards a greener and more responsible industry”.
“Our unwavering commitment to sustainability and the transformative steps we’re taking are critical in helping us achieve our vision of becoming leaders in sustainable precious metals,” she added.
Last year, the coin manufacturer unveiled a local energy centre which provides renewable source of power for its 38-acre manufacturing site in Llantrisant, aiming to generate 70% of the power used across its site to reduce its reliance on the national grid.
At the time, The Royal Mint head of operations Leighton John said the centre will act as a “cleaner, greener source of energy for a number of innovative business initiatives we’re on the cusp of launching.”
