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NEW YORK - November 19, 2020 — ENGIE Impact today announced the completion of its Zero Carbon Roadmap for Vale New Caledonia to reach its zero carbon targets and stay ahead of regional competition during its sustainability transformation.
Vale New Caledonia produces nickel predominantly intended for the battery industry. With increasing competition in the APAC region, Vale New Caledonia is doubling down on its sustainability efforts to make it a key point of differentiation. Vale New Caledonia has recognised that to ensure an end-to-end carbon free product, the whole value chain of electric vehicles must be decarbonised.
Historic and long-standing energy partner, ENGIE, is working to identify additional decarbonisation levers and to address Vale New Caledonia’s CO2 emissions. Consulting arm of ENGIE, ENGIE Impact, is providing a holistic overview of energy systems and decarbonisation roadmaps, as well as the local knowledge and presence.
“Vale New Caledonia is committed to sustainable development and studying a zero carbon solution was a logical step to further drive both our mission to care for the environment and also further establish our standing and competitive strength in the APAC region. Working with ENGIE we knew that we would be able to establish how to best innovate our plant to not only reach our intended goal but to also do so competitively. We are looking forward to now starting on this road to zero carbon and to offer a truly differentiated and sustainable offering for the growing battery industry,” commented Sylvain David, Energy Transition Manager, Vale New Caledonia.
As part of the partnership, ENGIE Impact conducted a concept study to provide insight into the different pathways for Vale New Caledonia to realise its zero carbon objective, weighing up the possible trade-offs between energy and carbon savings, capital and operational expenditures and return on investment. Leveraging the expertise across ENGIE in renewable energy, energy storage, renewable hydrogen, zero carbon mobility, and decarbonisation business case creation, the concept study resulted in a zero carbon roadmap for Vale New Caledonia.
With a clear strategy and an actionable set of required investments, Vale New Caledonia has a trajectory to transition to a zero carbon nickel and cobalt mining operation within less than two decades, even considering the expected increase in energy consumption. This allows Vale New Caledonia to differentiate its products from non-decarbonised competitors, having a significant carbon footprint associated with it.
“Vale New Caledonia is setting high standards for the industry, highlighting the need for mining players to push forward with sustainability goals to stay ahead of the curve in an increasingly competitive market. By putting sustainability at the top of its agenda, Vale New Caledonia isn’t just patching over its current challenges but looking at the long-term strategy and future-proofing its business,” said Malavika Bambawale, Managing Director, Head of APAC, Sustainability Solutions, ENGIE Impact.
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About ENGIE Impact
ENGIE Impact partners with companies to accelerate decarbonization efforts worldwide. ENGIE Impact’s comprehensive engagement model goes beyond strategy to include data excellence and digital tools, project delivery expertise, and financing support. An authentic long-term partner, ENGIE Impact establishes credible paths to hit difficult carbon-reduction metrics while sharing commitments and accountability across portfolios. With 20 offices worldwide and headquarters in New York City, ENGIE Impact today has a portfolio of over 1,500 clients, including 25% of the Fortune 500 Companies. ENGIE Impact is part of the ENGIE Group, a global leader in the transition toward a carbon-neutral economy through reduced energy consumption and more environmentally friendly solutions.
About ENGIE
Our group is a global reference in low-carbon energy and services. Our purpose (“raison d’être”) is to act to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions, reconciling economic performance with a positive impact on people and the planet. We rely on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers. With our 170,000 employees, our customers, partners and stakeholders, we are a community of Imaginative Builders, committed every day to more harmonious progress.
Turnover in 2019: 60.1 billion Euros. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris - World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance).
