QMines becomes third ASX-listed company to achieve Australian government’s ‘carbon neutrality’ certification

QMines has been recognised by the Australian government for its industry leadership on ESG with the junior explorer now certified “carbon neutral” following a rigorous and independent auditing process.

QMines (ASX:QML) is one of only three ASX-listed companies to be certified carbon neutral and joins just 0.01% of Australian businesses awarded the certification.

The company has been aggressively advancing its zero-carbon vision, taking several steps to drastically reduce its carbon footprint, including recently striking a deal with an Australian company for the long-term supply of renewable fuel, targeting an initial 20% reduction in scope 1 diesel emissions from drilling and exploration activities.

Climate Active certification is an achievement that currently only around 350+ of over 2.4 million (or 0.01%) actively trading Australian businesses have managed to attain.

Certification is awarded to businesses and organisations that have credibly reached a state of achieving net zero emissions, otherwise known as carbon neutrality.

This means that the activities associated with running a business or producing a particular product have no net negative impact on the climate.

Executive chairman Andrew Sparke said that prior to listing, QMines set itself the bold objective of becoming a zero-carbon copper and gold exploration and development company within two years of listing.

“After a rigorous carbon audit and verification process, I am proud to announce that we have now achieved this goal,” he said.

“Climate Active participants are an exclusive club of approximately 350 Australian businesses that are certified carbon neutral. QMines is now one of only three ASX listed resources companies to have achieved this milestone.

“Today’s announcement validates QMines’ carbon abatement initiatives and demonstrated its leadership in transitioning the metals and mining industry towards a low carbon future.”

The substantial progress made towards becoming Australia’s first zero-carbon copper and gold explorer and developer has also seen QMines shortlisted for the Australian Financial Review Sustainability Leaders 2022 list.

The AFR’s Sustainability Leaders list shines a spotlight on the Australasian companies that are making real progress in tackling sustainability challenges – and delivering business value along the way.

This article was developed in collaboration with QMines, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.