Platinum Node / Anglo American Amplats
TCFD: Climate-related Financial DisclosuresAudit Ready
Task Force on Climate-related Financial Disclosures (FSB) · Period: 14 Mar 2026 — 14 Apr 2026
Purpose
The TCFD framework translates climate risk into the language of financial risk management — the form that boards, auditors, and investors understand. South Africa's Climate Change Act (Act 22 of 2024) mandates TCFD-aligned disclosures for listed companies from 2026. This report provides the Metrics & Targets pillar data and supports the Governance, Strategy, and Risk Management pillars in the integrated annual report.
Scope & Boundary
Covers physical risks (water stress, extreme heat, flooding) assessed under RCP 4.5 and RCP 8.5 scenarios to 2050, and transition risks (carbon pricing, regulatory change, technology disruption) under the SA Carbon Tax trajectory to 2030. The carbon tax exposure figure is calculated at the projected 2030 rate of ZAR 640/tCO₂e applied to total Scope 1+2 emissions. Opportunity analysis covers renewable power purchase agreements and battery-electric mining equipment.
Key Disclosures
- Total GHG inventory (Scope 1+2+3) with base year comparison
- Physical risk ratings: water stress (HIGH), extreme heat (MEDIUM), flooding (LOW)
- Transition risk: SA Carbon Tax exposure in ZAR at 2030 rate
- Targets: 30% Scope 1+2 reduction by 2030, net-zero by 2040
- Aligned with Paris Agreement 1.5°C pathway and SBTi Metals & Mining sector guidance
Primary Audience
Board risk committee, institutional investors applying TCFD alignment screens, JSE Equities sustainability analysts, SA Reserve Bank macro-prudential supervisors, and climate-focused NGOs.
Scope 1 (Direct)
51 611,6
tCO₂e · Fuel combustion, blasting, LPG
Scope 2 (Electricity)
38 972
tCO₂e · Eskom grid — location-based
Scope 3 Cat 4 (Transport)
89,036
tCO₂e · Waste logistics (DEFRA 2023)
Total GHG
90 672,6
tCO₂e · Scope 1 + 2 + 3
Physical Risks
water Stress
operations in Limpopo & North West WMAs
extreme Heat
open-cast surface temperatures +3°C by 2050 (RCP 8.5)
flooding
elevated mine sites, engineered drainage
Transition Risks & Targets
Framework Alignment Note
This disclosure follows the four TCFD pillars: Governance, Strategy, Risk Management, and Metrics & Targets. Climate-related risks are assessed under RCP 4.5 and RCP 8.5 scenarios to 2050. The SA Carbon Tax Act (Act 15 of 2019, amended 2023) creates a material near-term transition risk.