Anglo American has said it will halve its Scope 3 carbon emissions by 2040 as part of efforts to make its operations, including supply chain and logistics, more sustainable.

In its latest Climate Change Report 2021, the mining company said the industry must continue investing in innovative technologies and practices that maintain productivity and cut emissions.

Mark Cutifani, chief executive officer, Anglo American, said the company's smart mining programme, which uses technology to improve safety and sustainability performance, has helped it make "significant progress" in recent years and that it will accelerate efforts.

"Building upon our commitment to carbon neutrality across our operations by 2040, we have today set our ambition to reduce our Scope 3 emissions by 50%, also by 2040," Cutifani said.

The company explained that it is working to reduce emissions in its supply chain and logistics, particularly shipping, and is collaborating with customers and partners on low carbon steelmaking technologies.

In addition to its Scope 3 targets, Anglo American said its FutureSmart Mining approach to driving sustainability outcomes through technology and digitalisation is "central" to its plans to cut emissions.

It said in 2020, more than one-third of the electricity it used was drawn from renewable sources.

Furthermore, it has secured 100% renewable electricity supply across Brazil, Peru, and Chile operations. By 2023 it expects to be drawing 56% of its grid supply from renewables.