Leading Indonesian steelmaker PT Gunung Raja Paksi has announced the launch of its Net Zero Roadmap, which outlines its action plan for achieving carbon neutrality by 2050. In line with Indonesia's Enhanced Nationally Determined Contribution to reduce its emissions by approximately 31.9% unconditionally and a net zero target of 2060 or sooner, Gunung Raja Paksi has taken steps to bolster their Environmental, Social and Governance strategy and reduce primary sources of emissions from the use of grid electricity and fuels natural gas & coal combustion, via clean energy alternatives. Gunung Raja Paksi has set out a plan to engage stakeholders across the supply chain in minimizing the environmental and social impact from steel. Gunung Raja Paksi has built its ESG strategy around five core pillars. In accordance with these pillars, the Net Zero Roadmap outlines the Gunung Raja Paksi's Decarbonisation goals, which builds upon the Energy Transition and Low Carbon Solutions pillar, whereas the new sports center builds on the themes of Nurturing Talent.1. Responsible Procurement2. Environmental and Social Compliance3. Energy Transition and Low Carbon Solutions4. Contributing to Responsible Environmental Management5. Nurturing Talent Upon evaluating its emissions based on the Greenhouse Gas Protocol and identifying its primary sources of emissions, Gunung Raja Paksi has identified 5 main pillars of emissions reduction measures and initiatives to achieve carbon neutrality:1. Fuel Switching: transitioning from coal to cleaner sources of energy such as natural gas2. Production improvements and resource efficiency improvements: Balancing between meeting current steel demand whilst decarbonizing production processes3. Green Power Sourcing: Sourcing green energy from the grid or producing it in-house4. Carbon offsetting: Investing in carbon offset projects that benefit the environment5. Collaboration and Partnership: Working with public and private sector stakeholders to implement solutions to reach Net Zero i.e. the Indonesian Iron & Steel Industry Association and participating in the Net Zero Hub by Indonesian Chamber of Commerce KADIN. Gunung Raja Paksi's Net Zero roadmap also includes its disclosure for 2021 GHG Inventory, which is currently at 0.86 Tonne CO2 per Tonne of Crude Steel production. As an electric arc furnace operated mill, Gunung Raja Paksi has the advantage in decarbonizing its manufacturing plant compared to other global steel players who run by Blast Furnace Operated mills. This inventory data serves as a baseline for GRP's Decarbonisation journey. Gunung Raja Paksi is currently a full member of the ResponsibleSteel™ and has certified products and operation sites which meets the pre-requisite 13 principles, and the 370 associate requirements, highlighted in the ResponsibleSteel™ International Standard V2.0.
Leading Indonesian steelmaker PT Gunung Raja Paksi has announced the launch of its Net Zero Roadmap, which outlines its action plan for achieving carbon neutrality by 2050. In line with Indonesia's Enhanced Nationally Determined Contribution to reduce its emissions by approximately 31.9% unconditionally and a net zero target of 2060 or sooner, Gunung Raja Paksi has taken steps to bolster their Environmental, Social and Governance strategy and reduce primary sources of emissions from the use of grid electricity and fuels natural gas & coal combustion, via clean energy alternatives. Gunung Raja Paksi has set out a plan to engage stakeholders across the supply chain in minimizing the environmental and social impact from steel. Gunung Raja Paksi has built its ESG strategy around five core pillars. In accordance with these pillars, the Net Zero Roadmap outlines the Gunung Raja Paksi's Decarbonisation goals, which builds upon the Energy Transition and Low Carbon Solutions pillar, whereas the new sports center builds on the themes of Nurturing Talent.1. Responsible Procurement2. Environmental and Social Compliance3. Energy Transition and Low Carbon Solutions4. Contributing to Responsible Environmental Management5. Nurturing Talent Upon evaluating its emissions based on the Greenhouse Gas Protocol and identifying its primary sources of emissions, Gunung Raja Paksi has identified 5 main pillars of emissions reduction measures and initiatives to achieve carbon neutrality:1. Fuel Switching: transitioning from coal to cleaner sources of energy such as natural gas2. Production improvements and resource efficiency improvements: Balancing between meeting current steel demand whilst decarbonizing production processes3. Green Power Sourcing: Sourcing green energy from the grid or producing it in-house4. Carbon offsetting: Investing in carbon offset projects that benefit the environment5. Collaboration and Partnership: Working with public and private sector stakeholders to implement solutions to reach Net Zero i.e. the Indonesian Iron & Steel Industry Association and participating in the Net Zero Hub by Indonesian Chamber of Commerce KADIN. Gunung Raja Paksi's Net Zero roadmap also includes its disclosure for 2021 GHG Inventory, which is currently at 0.86 Tonne CO2 per Tonne of Crude Steel production. As an electric arc furnace operated mill, Gunung Raja Paksi has the advantage in decarbonizing its manufacturing plant compared to other global steel players who run by Blast Furnace Operated mills. This inventory data serves as a baseline for GRP's Decarbonisation journey. Gunung Raja Paksi is currently a full member of the ResponsibleSteel™ and has certified products and operation sites which meets the pre-requisite 13 principles, and the 370 associate requirements, highlighted in the ResponsibleSteel™ International Standard V2.0.
