Sustainability Report 2012 - Transnet

Environmental dividends (continued)Climate change mitigation and adaptationSouth Africa made an international commitment in 2009 to reduce its GHG emissions by 34,0% and 42,0% by2020 and 2025 respectively; to plateau emissions for 10 years thereafter; and to decline emissions from2036. In October 2011, Government released the National Climate Change Response White Paper, aiming overthe next two years to establish sector-specific GHG emission reduction outcomes and carbon budgets whichwill translate into company-specific emission reduction outcomes. Companies and economic sectors will berequired to submit mitigation plans to achieve the desired outcomes. Carbon pricing, with a possible carbontax, will then be introduced.In February 2012, the DPE advised SOCs to develop specific climate change strategies in line with theirmandates that support a low-carbon economic growth trajectory with opportunities for green industryjobs growth.As a first step in embedding a climate change response strategy into our business, Transnet completed itscarbon footprint study in 2011/12. Transnet will be participating in the voluntary Carbon Disclosure Projectfrom 2012/13.For the year 2011/12, Transnet accounted for 4,31mt C0 2equivalent. This is approximately 1,0% of the SouthAfrica’s total transport sector emissions and approximately 10,0% of South Africa’s total GHG emissions in2011/12. Transnet ranks as the 10 th largest GHG emitter in South Africa in 2011/12. South Africa is a majorcontributor globally, ranking 14 th in GHG emissions.EskomSasolBHP BillitonArcelorMittalSAAnglo AmericanGold FieldsPPCHarmony GoldEvraz Highveld SteelTransnetSappiMondi Group16,616,410,55,95,35,04,64,34,22,070,9230,30 50 100 150 200 250Million tons CO 2equivalentSource: Carbon Disclosure Project, 201272