NEXA Announces ESG Commitments Through 2030

Global zinc producer sets target to reduce greenhouse gas emissions and reach neutrality by 2040 and net zero by 2050

LUXEMBOURG / ACCESSWIRE / October 6, 2022 / Nexa Resources S.A. ("Nexa Resources" or "Nexa" or the "Company") (NYSE Symbol:"NEXA") has announced new long-term environmental, social, and governance ("ESG") commitments. Aligned with the Paris Agreement and focused on reducing the impacts of climate change, Nexa plans to reach net-zero greenhouse gas emissions ("GHG") by 2050, and net neutrality - the balance between carbon emissions and absorption - by 2040.

To accomplish this objective, Nexa has established commitments to reduce direct emissions (scope 1) by 20%, a total reduction of 52 thousand tons of carbon equivalent by 2030, with 2020 as the baseline year. In addition, the Company plans to maintain the high use of renewable resources in its energy matrix. Regarding scope 3 emissions, the Company started mapping its entire value chain to align with the goal to become net zero by 2050.

"We look forward to further improving our sustainability trajectory. Every year, we've been reducing GHG emissions, developing projects related to scope 1 reduction, and seeking to keep our energy matrix mostly renewable", says Ignacio Rosado, Nexa's CEO. Currently, the Company's decarbonization efforts include several initiatives, such as the use of biomass to generate steam, hydrogen injection systems in automotive machines, tests with bio-oil in zinc furnaces, natural gas as a replacement for fuels such as liquefied petroleum gas (LPG) and diesel, and commercial agreements for the exclusive use of renewable energy in Brazil and Peru, among other initiatives.