The Thiess Group continues to make solid strides in its sustainability and diversification journey, and progress on its ESG commitments, as detailed in its recently released 2024 Sustainability Report.
Thiess Group Executive Chair & CEO Michael Wright commented: “The Thiess Group is committed to harnessing the power of people and technology to drive sustainable change – by leveraging the capabilities of our 14,000 strong workforce, and prioritising technology and innovation to drive improvements in our operations and establish a sustainable future in the global mining services sector.
“Thiess recognises that decarbonising large mining fleets is a major hurdle to the mining sector achieving emission reductions – that’s why we’ve implemented emissions reduction initiatives, including dual fuel trials, a hydrogen trickle feed trial, installation of a hydrogen genset, and the development of two medium-duty full battery-electric trucks.
“In 2024, we signed collaboration agreements with leading autonomous haulage solutions firm EACON and machine electrification expert FLANDERS to enable the exploration of low-emission, hybrid and autonomous haul truck solutions this year."
Thiess Group Executive of Strategy, Sustainability & Safety Shankar Gopalan said: “Thiess celebrated 90 years in 2024, and the pioneering spirit and can-do attitudes of our founders the Thiess Brothers is evident in the way Thiess Group people have continued to deliver our ESG commitments of minimised environmental footprint, enhanced social value, and transparent, trusted governance.
“We’re proud of the progress we have made in continuing the execution of our sustainability strategy, in particular our diversification efforts across commodities and services, approaching them with a commercial lens.
“We’re well on track in diversifying our portfolio to increase the commodities needed for the global energy transition, with positive projections of less than 25% of total revenue from thermal coal by the end of 2027.”
Key contributors to this progress were the securing of new projects in copper, nickel, iron ore and gold, as well as the acquisition of Australian underground metals mining specialist PYBAR. As the Thiess Group continues to pursue diversification of its commodities portfolio, it remains firmly committed to providing sustainable mining services in metallurgical and thermal coal, as these commodities continue be integral to the economic growth of the global community.
The opening of a new Rebuild Centre on Batam Island, Indonesia, further strengthened Thiess’ global asset service capabilities. The Group also celebrated multiple milestones in autonomous mining operations, including a record one million lineal metres drilled autonomously in Australia, as well as the expansion of operational technology into its projects in Indonesia, Chile and Canada.
ESG highlights from Thiess Group 2024 Sustainability Report**
Minimised environmental footprint
- Electricity supply included 20% from renewable sources
- Collectively rehabilitated 818 hectares of post-mining land
- Thiess and MACA recycled or reused 47% of their waste.
Enhanced social value
- Women in leadership globally increased by 23%*
- Female representation globally rose by 13%*
- Indigenous workforce representation in Australia increased by 19%* to 7%
- Trained 1200 leaders across the Group to provide mental health support
- Contributed more than $2.1 million to 248 community-led organisations globally.
Transparent, trusted governance
- Completed 2969 due diligence checks on new suppliers and subcontractors
- Completed in-person Code of Conduct training with 1725 employees, while another 7246 employees completed the Group’s new online Code of Conduct training
- Completed first external assurance of key sustainability metrics including emissions
- Implemented the Group’s new Counter Party Risk Assessment Standard.
**All results are for the Group, excluding PYBAR, except where indicated. All results reflect data available as at the date of the Thiess Group 2024 Sustainability Report.
*Compared with 2023.
The Thiess Group 2024 Sustainability Report and Databook were prepared with reference to the Global Reporting Initiative Standards and Taskforce on Climate-related Financial Disclosures (TCFD) framework.
Download the full report at thiess.com/sustainability
ENDS
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About the Thiess Group
The Thiess Group operates in the mining, infrastructure and resources sectors across Australia, Asia and the Americas with more than 14,000 employees.
Through our companies, we connect with clients across geographies, commodities and cultures to deliver bespoke and sustainable solutions. Our capabilities extend across the mine life cycle from engineering, asset management, extraction and haulage, civil and infrastructure, crushing and processing, and rehabilitation.
The Thiess Group consists of Thiess, MACA, PYBAR, Fleetco and RTL.
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Vivian Lim, Group Manager – Marketing & Communication [email protected]