Orica's 2030 Emissions Reduction Target The 'Right Thing To Do'



Orica boss Alberto Calderon says he is confident the explosives maker will comfortably beat a new target to cut its greenhouse gas emissions by at least 40 per cent by 2030, adding it was a firm goal, not aspirational and not a lofty target decades away.

Mr Calderon said climate change could not be denied or ignored and Orica's pledge was "the right thing to do".

The $6.6 billion ASX-listed company unveiled the move on the same day it released full year 2019-20 results, which showed a 31 per cent fall in statutory net profit to $168.3 million. Disruptions to mining caused by COVID-19 cut demand for its explosives products, particularly in developing countries.

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