(TheNewswire)
Highlights
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Jervois approves 2035 net zerogreenhouse gas emission target and a Carbon Reduction Roadmap forJervois Finland operations
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Emission reduction target of 40% by2025, 60% by 2030 and 100% by 2035
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Jervois Finland is on track to meetits 2025 target through its renewable energy purchase agreementannounced last week
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Finland operations have set and metor exceeded energy efficiency targets since 2002
24 October 2022 – TheNewswire – Australia - Jervois Global Limited (“ Jervois ” or the“ Company ”) (ASX:JRV) (TSXV:JRV) (OTC:JRVMF) has approved forJervois Finland operations a net zero Scope 1 and 2 greenhouse gasemissions target by 2035 and a Carbon Reduction Roadmap of actionsthat can be taken by Jervois Finland to reach this goal.(“ Roadmap” )
The Roadmap sets Scope 1 and 2 GHG emission reductiontargets of 40% by 2025, 60% by 2030 and 100% by 2035 from its 2020baseline. Jervois Finland is on track to meet its 2025 target througha recently announced power purchaseagreement 1 to purchaserenewable energy from windfarms ( anticipated toreduce Jervois Finland’s emissions by up to 30% ); and its planned, budgeted and approved energy savingprogram, which is already underway.
Jervois Finland has a demonstrated track record inresearch, innovation and action to support the circular economy,increase energy efficiency and achieve a low carbon intensity. Since2002, it has been setting, meeting or exceeding its energy efficiencytargets that, in 2021 alone, yielded cost savings on the order of ~ € 0.5 million. In 2021, almost 100% of Jervois Finland’s non-hazardous wastes were recycled orreuse d and, between 2020 and 2021, t he proportion of all wastes going to final disposal declinedfrom 2 4 % to less than 9 % .Water at the facility is recycled and reused over 5 times prior todischarge.
In addition to efforts to introduce technology innovations, process efficiencies and support thecircular economy, the Carbon Reduction Roadmapis further informed by third-party Life Cycle Analysis(“ LCA ”), conducted at Jervois Finland in 2012, 2015 and 2019.Progress towards achieving the goal will be determined and disclosedthrough annual assessments of Global Warming Potential(“ GWP ”).
Jervois supports the Paris Agreement and its target to limit globalwarming . Cobalt alreadyplays a pivotal role in the net zero future through widespreadadoption of electric vehicles. By reducing operational emissions associated with cobaltproducts, Jervois recognizes its role in further supporting thetransition to net zero.
On behalf of Jervois Global Limited,
Bryce Crocker,
Chief Executive Officer
For further information, please contact:
Investors and analysts: James May Chief Financial Officer Jervois Global | Media: Nathan Ryan NWR Communications nathan.ryan@nwrcommunications.com.au Mob: +61 420 582 887 |
Forward-LookingStatements
This news release may containcertain “Forward-Looking Statements” within the meaning of theUnited States Private Securities Litigation Reform Act of 1995 andapplicable Canadian securities laws. When used in this news release,the words “anticipate”, “believe”, “estimate”,“expect”, “target, “plan”, “forecast”, “may”,“schedule”, “expected” and other similar words or expressionsidentify forward-looking statements or information. Theseforward-looking statements or information may relate to the futurereduction in CO 2eq emissions at the Finlandoperations, and certain other factors or information. Such statementsrepresent Jervois’ current views with respect to future events andare necessarily based upon a number of assumptions and estimates that,while considered reasonable by Jervois, are inherently subject tosignificant business, economic, competitive, political and socialrisks, contingencies and uncertainties. Many factors, both known andunknown, could cause results, performance or achievements to bematerially different from the results, performance or achievementsthat are or may be expressed or implied by such forward-lookingstatements. Jervois does not intend, and does not assume anyobligation, to update these forward-looking statements or informationto reflect changes in assumptions or changes in circumstances or anyother events affections such statements and information other than asrequired by applicable laws, rules and regulations.
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in policies ofthe TSX Venture Exchange) accepts responsibility for the adequacy oraccuracy of this release.
1 Jervois ASX Announcementdated 20 October 2022.
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