Strengthening Climate Governance at Codelco

Strengthening Climate Governance and Circular Economy at Codelco

ImplementaSur has supported Codelco in strengthening its climate strategy, with a focus on alignment with international standards such as TCFD and CDP. The work has included gap assessments, roadmap design, emissions quantification, climate reporting, and strategic technical support to its Climate Change and Decarbonization Department. This support has since expanded to the circular economy, backing the implementation of Codelco’s 2030 Circular Economy Roadmap across its eight divisions. This advisory work reinforces Codelco’s commitment to responsible, transparent mining aligned with global climate challenges.

Service Alignment with international standards, decarbonization strategy, and circular economy

Years 2024-2026

Approach and Project Implementation

We conducted an assessment of progress and gaps based on the TCFD recommendations and the CDP questionnaire, including an evaluation matrix, data collection, and strategic review. We developed a roadmap to identify gaps, projecting expected CDP performance levels through 2030. We supported the preparation of the 2025 Climate Report and assisted with the CDP questionnaire response. We also quantified the corporate carbon footprint of Codelco’s operations (Scopes 1, 2, and 3), and developed technical analyses, benchmarks, and recommendations to strengthen its decarbonization strategy.

In circular economy, we support the implementation of Codelco’s roadmap toward its 2030 targets, such as recovering 70% of its waste. We ensure monthly traceability of waste generation and recovery across its eight divisions and, together with Corporate Procurement, monitor circular models in which suppliers take back and recycle materials such as grinding balls and end-of-life tires. This is complemented by on-site validation and corporate reporting.

Gap analysis based on TCFD and CDP frameworks

CDP performance projection to 2030

Development of the 2025 Climate Report

Scope 1, 2, and 3 carbon footprint calculation

Strategic roadmap and action plan

Implementation of the 2030 Circular Economy Roadmap

Strategic Vision

Our work with Codelco reflects our commitment to accelerating the transition toward responsible, low-carbon mining, and builds on our track record supporting mining companies of all sizes on their decarbonization pathways. In this type of advisory work, we bring our technical expertise to bear by integrating climate governance frameworks, international standards, and technical tools across large-scale operations.

Circular economy work extends this perspective: we see waste recovery and supplier collaboration as integral to low-carbon, resource-efficient mining. We support Codelco in strengthening its climate and circular institutional framework, contributing to its regional leadership in sustainability, transparency, and climate risk management.