Synergy Consulting helps miners cut emissions, secure finance

Achieving ESG targets: How Synergy Consulting supports miners in reducing emissions and securing finance

As the world pivots towards prioritising environmental, social, and governance (ESG) standards, mining companies are under increasing pressure to align their practices with corporate sustainability goals. 

With the elevated scrutiny around their carbon footprints as well as the global call towards a cleaner future, miners have been presented with the formidable challenge to adopt innovative strategies to not only enhance their ESG credentials but also ensure long-term operational viability. This is where Synergy Consulting, an international financial advisory firm with deep expertise in helping firms create actionable emission reduction roadmaps using financial products and investments, comes into play.

Understanding Scope 1 and Scope 2 emissions

Scope 1, 2 and 3 emissions are different ways of categorising the sources of a company’s greenhouse gas (GHG) emissions.

Scope 1 emissions are direct GHG emissions that occur from sources owned or controlled by a company, such as diesel combustion in mining equipment. On the other hand, Scope 2 emissions come from the generation of purchased energy, which is often significant in mining operations due to their high energy demands. Scope 3 emissions effectively comprise of all the emissions not included within Scope 1 and Scope 2 emissions (thereby encompassing a company’s whole value chain).

Synergy Consulting’s role

Synergy Consulting specializes in helping miners achieve their targets through tailored strategies aimed at emissions reduction. Synergy’s comprehensive approach leverages its vast experience of providing financial advisory services and combines its technical expertise, industry experience and access to financial resources to provide an executable blueprint to mining companies to overcome both environmental challenges and capital hurdles.

1. Identifying emission reduction opportunities

Our team of sustainability experts conducts a holistic assessment to pinpoint specific improvement areas for emission reduction within your operations. Synergy’s approach includes a bespoke analysis of the business model to ascertain the right framework and approach to further your ESG objectives. Based on the thorough business-model analysis, Synergy shall provide an implementable strategy towards achieving your emission objectives whether it's through transitioning to renewable energy sources, upgrading equipment to more efficient technologies, or implementing carbon capture solutions.

2. Developing and implementing a roadmap

At Synergy Consulting, we understand that each mining operation is unique. We collaborate with your team to create a customized emission reduction roadmap that shall establish tailored KPIs which shall facilitate the emission reduction goal in a structured and constructive manner. Our experts shall help you set clear targets (at different organizations levels) and timelines to guide the entire process. This systematic approach not only simplifies the implementation process but also helps garner buy-in from all stakeholders.

3. Leveraging financial solutions

Synergy Consulting excels in arranging finance for mine development, valuations, and mergers & acquisitions (M&A). We facilitate access to various funding sources, including green financing, private equity, and institutional investors specifically interested in supporting companies committed to sustainable practices. Our strong network as well as track-record of executing projects across different geographies can help you secure the capital needed to implement your emission reduction strategies effectively.

4. Valuation and M&A advisory

As the market for sustainable mining practices grows, the interest in environmentally responsible investments has surged. With investors around the world starting to add a “green premium” to their valuations, it is becoming imperative to miners to showcase their ESG capabilities to attract investors’ interest. Synergy Consulting provides expert advisory services in mine valuations and M&A and can help you navigate the complexities of acquisitions or divestitures with an emphasis on ESG performance. This not only enhances your attractiveness to potential investors but also ensures that your strategic decisions align with broader sustainability goals.

With the mining industry facing an inevitable shift towards climate-friendly practices, its future is inextricably tied to effective ESG strategies, particularly in reducing emissions. Synergy Consulting is dedicated to helping miners navigate this landscape by providing tailored solutions that drive efficiency, secure the necessary funding, and achieve meaningful sustainability targets within designated timelines. Together, we can pave the way for a mining industry that is not only profitable but also responsible and sustainable.

For more information on how Synergy Consulting can assist your mining operation in achieving its ESG goals, please contact us today.