[SMM Nickel Market Flash] Nickel Asia Becomes First Philippine Miner with SBTi-Validated Emissions Targets

Published: Jun 25, 2026 16:09 (GMT+8)

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Nickel Asia Corp. (NAC), the Philippines' largest nickel producer, said it is the first mining company in the country to receive Science Based Targets initiative (SBTi) validation for its greenhouse-gas reduction targets. The validated goals cover cutting absolute Scope 1 and 2 emissions 42% by 2030 and Scope 3 emissions 37.5% by 2035, both from a 2024 base year, supporting a net-zero-by-2050 ambition. NAC first submitted targets to SBTi in early 2024; the validation confirms alignment with climate science in a sector long seen as hard to abate. As Western OEMs and buyers increasingly screen nickel on ESG and traceability, a validated decarbonization path could strengthen the positioning of Philippine ore supply against higher-emission, coal-powered Indonesian output.

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