NAC becomes first mining company in PH with GHG inventory

LISTED natural resources development company Nickel Asia Corp. (NAC) has completed the inventory of its carbon emissions related to land use change, making it the first company with mining assets in the Philippines to do so.

This milestone would allow NAC to set proper targets and align its programs toward achieving its Net Zero Carbon objective by 2050 and submit these targets to the Science-Based Targets initiative — a global body that promotes best practices in reducing emissions.

The study, conducted in partnership with the University of the Philippines Los Baños (UPLB), was commissioned by NAC to determine the carbon emissions from land use change in its nickel mining sites.

Led by Florencia Pulhin, the research, titled "Carbon Emissions from Land Use Change in Nickel Mining," calculated the amount of carbon stored in different carbon pools, estimated the total amount of carbon stored in the forests and soils, as well as the carbon emissions of the forests and soil due to mining operations.

In line with this, NAC is also in the process of completing its Scope 3 Greenhouse Gases (GHG) inventory, which includes emissions coming from its supply chain. It has previously completed the inventory of Scopes 1 and 2, which covers its direct and indirect emissions, respectively.

The research study by UPLB, fully funded by NAC, commenced in the last quarter of 2022 and was concluded in December of last year.