Rainbow Rare Earths Limited

Greenhouse gas emissions & sustainability report data

📊 Latest report period: 2024🗂️ Report periods on file: 2024, 2023

In its 2024 reporting, Rainbow Rare Earths Limited disclosed greenhouse gas emissions of 10.40 tCO2e (Scope 1 & 2, office-related). By scope: Scope 1: 3.47 tCO2e; Scope 2: 6.93 tCO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.

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GHG Emissions
10.40 tCO2e (Scope 1 & 2, office-related)
2024

📊 Emissions by Scope (2024)

ScopeWhat it coversReported value
Scope 1Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions).3.47 tCO2e
Scope 2Indirect emissions from purchased electricity, steam, heat and cooling.6.93 tCO2e

New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.

📈 Emissions by Report Period

Report periodHeadline emissions figure reported
202410.40 tCO2e (Scope 1 & 2, office-related)
20236.01 tCO2e (Scope 1 & 2 office emissions)

Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.

✅ Reported Environmental Achievements

🎯 Climate & Sustainability Targets

🔜 Short-term

  • Complete Phalaborwa Definitive Feasibility Study (DFS) in 2025

📅 Medium-term

  • Commence operations at Phalaborwa by 2027

🔭 Long-term

  • Develop a scalable and sustainable business by leveraging technology to recover REE from phosphogypsum

🌱 ESG Focus Areas

Environmental remediationResponsible supply chainCommunity developmentClimate change mitigationGovernance

⚠️ Challenges & Risks +

  • Securing additional funding for Phalaborwa and other projects
  • Optimizing the processing flowsheet for Phalaborwa to deliver separated rare earth oxides
  • Obtaining necessary permits for Phalaborwa
  • Current rare earth prices below the base case for the Phalaborwa PEA
  • Ongoing suspension of operations at Gakara project in Burundi
  • Securing lease for land at Phalaborwa
  • Managing environmental liabilities associated with Phalaborwa gypsum stacks

📋 Report Information

Reporting Period: 2024
Frameworks: TCFD
Assurance: BDO LLP