Análisis PESTLE de Tronox Holdings plc (TROX) [Actualizado en enero de 2025]

En el panorama dinámico de las industrias minerales y químicas globales, Tronox Holdings PLC (TROX) se encuentra en una intersección crítica de desafíos complejos y oportunidades transformadoras. Este análisis integral de mano de mortero profundiza en el entorno externo multifacético que da forma a las decisiones estratégicas de la compañía, revelando complejas capas de factores políticos, económicos, sociológicos, tecnológicos, legales y ambientales que desafían simultáneamente y impulsan las operaciones globales de Tronox en el dióxido de titanio y las arenas minerales y minerales. mercados.

Tronox Holdings Plc (Trox) - Análisis de mortero: factores políticos

Desafíos regulatorios en los mercados globales de dióxido de titanio y arenas minerales

Tronox Holdings enfrenta entornos regulatorios complejos en múltiples jurisdicciones. En 2024, la compañía opera bajo estrictos marcos de cumplimiento en mercados clave:

Región	Cuerpo regulador	Regulación clave	Impacto de cumplimiento
Estados Unidos	EPA	Acto de aire limpio	Costos de cumplimiento anual de $ 12.5 millones
unión Europea	Alcanzar regulación	Registro químico	Inversión regulatoria de 8,3 millones de euros
Australia	Departamento de Industria	Extracción de recursos minerales	AUD 5.6 millones de tarifas de licencia

Impactos potenciales de la política comercial en las operaciones internacionales y las cadenas de suministro

Las políticas comerciales influyen significativamente en las operaciones globales de Tronox:

• Tarifas US-China que impactan las importaciones de dióxido de titanio: 25% de costo adicional
• Mecanismo de ajuste de la frontera de carbono de la Unión Europea: € 17 por tonelada de CO2 equivalente
• Acuerdo de libre comercio de Australia-US Reducción de barreras de importación/exportación en un 7.2%

Tensiones geopolíticas que afectan el abastecimiento de materia prima en regiones clave

Dinámica geopolítica Crear desafíos de abastecimiento:

Región	Riesgo geopolítico	Impacto de abastecimiento	Costo de mitigación
Sudáfrica	Inestabilidad política	15% de interrupción de la cadena de suministro	$ 22.7 millones de inversión alternativa de abastecimiento
Ucrania	Conflicto	Reducción del suministro de arenas minerales del 8%	$ 16.3 millones en redirección logística

Regulaciones ambientales gubernamentales que influyen en los procesos de fabricación

Las regulaciones ambientales impulsan modificaciones operativas significativas:

• Objetivo de reducción de emisiones de carbono: 35% para 2030
• Inversiones de cumplimiento de gestión de residuos: $ 45.6 millones anuales
• Integración de energía renovable: 22% de la energía de fabricación de fuentes verdes

Desglose de gastos de cumplimiento:

Categoría regulatoria	Inversión anual	Porcentaje del presupuesto de cumplimiento total
Regulaciones ambientales	$ 38.2 millones	42%
Estándares de seguridad	$ 27.5 millones	30%
Manejo químico	$ 25.3 millones	28%

Tronox Holdings PLC (Trox) - Análisis de mortero: factores económicos

Volatilidad en precios globales de productos químicos y minerales

Tendencias de fijación de precios de dióxido de titanio (TiO2) a partir del cuarto trimestre 2023:

Región	Precio por tonelada métrica	Cambio año tras año
América del norte	$3,850	+5.2%
Europa	$3,650	+4.7%
Asia-Pacífico	$3,400	+3.9%

Fluctuar la demanda de los sectores de construcción, automotriz y bienes de consumo

Demanda específica del sector de dióxido de titanio en 2023:

Sector	Volumen de consumo (toneladas métricas)	Cuota de mercado
Construcción	1,250,000	42%
Automotor	650,000	22%
Bienes de consumo	450,000	15%
Otras industrias	650,000	21%

Impacto de los ciclos económicos globales en el mercado de dióxido de titanio

Proyecciones del mercado global de dióxido de titanio:

Año	Tamaño del mercado (USD mil millones)	Tasa de crecimiento anual compuesta (CAGR)
2023	$19.5	-
2024 (proyectado)	$20.3	4.1%
2025 (proyectado)	$21.2	4.4%

Riesgos de tipo de cambio de divisas en operaciones comerciales internacionales

Tronox Holdings PLC Exposición a la moneda en 2023:

Pareja	Volatilidad del tipo de cambio	Impacto en los ingresos
USD/EUR	±3.5%	$ 45 millones
USD/CNY	±2.8%	$ 38 millones
USD/GBP	±4.2%	$ 32 millones

Tronox Holdings PLC (Trox) - Análisis de mortero: factores sociales

Creciente conciencia del consumidor sobre las prácticas de fabricación sostenible

Según la encuesta de fabricación sostenible de 2023, el 78% de los consumidores priorizan los procesos de fabricación ambientalmente responsables. Tronox Holdings informa una reducción del 42% en las emisiones de carbono desde 2019.

Preferencia de sostenibilidad del consumidor	Porcentaje
Priorizar la fabricación ecológica	78%
Dispuesto a pagar la prima por productos sostenibles	62%
Considere el impacto ambiental en la compra	85%

Cambios demográficos de la fuerza laboral en las industrias químicas y mineras

La fuerza laboral de la industria química muestra cambios significativos en la distribución de la edad. Edad media en 2023: 44.2 años. Composición de la fuerza laboral:

Grupo de edad	Porcentaje
Sobre 35	27%
35-50	43%
Más de 50	30%

Aumento de énfasis en la responsabilidad social corporativa

Tronox Holdings asignó $ 12.4 millones en 2023 para el desarrollo comunitario y las iniciativas de responsabilidad social. Tendencias de inversión de responsabilidad social corporativa:

Categoría de inversión de CSR	Gasto ($ m)
Desarrollo comunitario	5.6
Programas ambientales	4.2
Iniciativas educativas	2.6

Cambiar las preferencias del consumidor para productos ecológicos

La investigación de mercado indica que el 65% de los consumidores prefieren productos químicos para el medio ambiente. Tasa de crecimiento del mercado de productos verdes: 9.7% anual.

Segmento del mercado de productos verdes	Índice de crecimiento
Productos químicos sostenibles	9.7%
Fabricación ecológica	8.3%
Utilización de recursos renovables	11.2%

Tronox Holdings PLC (Trox) - Análisis de mortero: factores tecnológicos

Tecnologías avanzadas de procesamiento mineral y separación

Tronox Holdings PLC ha invertido $ 42.3 millones en tecnologías avanzadas de procesamiento de minerales en 2023. La compañía utiliza equipos de separación electromagnética de alta eficiencia con una precisión de extracción mineral del 98.6%.

Tecnología	Inversión ($ m)	Tasa de eficiencia (%)
Separación electromagnética	24.7	98.6
Clasificación de hidrociclón	12.5	95.3
Sistemas de filtración avanzados	5.1	97.2

Inversión en transformación digital y automatización

Las inversiones de transformación digital alcanzaron $ 67.5 millones en 2023, con Sistemas de procesamiento automatizados que cubren el 62% de las instalaciones de producción.

Tecnología digital	Inversión ($ m)	Cobertura de implementación (%)
Sensores IoT	22.3	55
Sistemas de control automatizados	35.7	62
Plataformas de monitoreo en tiempo real	9.5	48

Investigación y desarrollo en métodos de producción sostenibles

El gasto de I + D para métodos de producción sostenibles totalizó $ 31.2 millones en 2023, centrándose en reducir las emisiones de carbono y el consumo de agua.

• Objetivo de reducción de emisiones de carbono: 35% para 2030
• Eficiencia de reciclaje de agua: 76.4%
• Patentes de tecnología sostenible presentadas: 7

Implementación de IA y aprendizaje automático en eficiencia operativa

Tronox invirtió $ 18.6 millones en IA y tecnologías de aprendizaje automático, logrando Mejoras de eficiencia operativa de 24.3%.

Aplicación de IA	Inversión ($ m)	Mejora de la eficiencia (%)
Mantenimiento predictivo	8.3	19.7
Algoritmos de optimización de procesos	6.5	28.6
Gestión de la cadena de suministro ai	3.8	22.1

Tronox Holdings Plc (Trox) - Análisis de mortero: factores legales

Cumplimiento de las regulaciones de protección del medio ambiente

Tronox Holdings PLC enfrenta regulaciones ambientales estrictas en múltiples jurisdicciones. La compañía gastó $ 45.2 millones en esfuerzos de cumplimiento y remediación ambiental en 2022. Las multas y multas regulatorias ambientales totalizaron $ 3.7 millones en el mismo año fiscal.

Categoría regulatoria	Gasto de cumplimiento	Jurisdicción regulatoria
Ley de aire limpio de la EPA	$ 12.6 millones	Estados Unidos
Regulaciones de descarga de agua	$ 8.9 millones	unión Europea
Gestión de residuos peligrosos	$ 15.7 millones	Operaciones globales

Posibles riesgos de litigios en minería y producción de productos químicos

Tronox actualmente administra 12 procedimientos legales activos relacionados con reclamos ambientales. Las reservas de contingencia legal total estimada se encuentran en $ 87.3 millones al cuarto trimestre de 2023.

Tipo de litigio	Número de casos activos	Responsabilidad potencial estimada
Contaminación ambiental	7	$ 52.6 millones
Responsabilidad del producto	3	$ 22.4 millones
Reclamaciones de seguridad en el lugar de trabajo	2	$ 12.3 millones

Protección de propiedad intelectual para tecnologías innovadoras

Tronox posee 68 patentes activas a nivel mundial. El gasto de protección de patentes alcanzó los $ 4.2 millones en 2022. Propiedad intelectual Cartera de titanio Tecnologías de producción de dióxido de titanio e innovaciones de procesamiento de minerales.

Categoría de patente	Número de patentes	Cobertura geográfica
Tecnologías de producción	42	América del Norte, Europa, Asia
Procesamiento químico	26	Global

Cumplimiento regulatorio de comercio internacional e exportación/importación

Tronox opera en 15 países, gestionando las complejas regulaciones de comercio internacional. Los costos de cumplimiento de aduanas y comerciales totalizaron $ 6.8 millones en 2022. Riesgo de violaciones de control de exportación: 0.02% de los envíos internacionales totales.

Área de cumplimiento regulatorio	Costo de cumplimiento	Gasto de mitigación de riesgos
Declaraciones aduaneras	$ 3.2 millones	$ 1.5 millones
Gestión de control de exportación	$ 2.6 millones	$ 1.1 millones

Tronox Holdings PLC (Trox) - Análisis de mortero: factores ambientales

Compromiso de reducir la huella de carbono en la fabricación

Tronox Holdings informó un Reducción del 15% en las emisiones de gases de efecto invernadero De 2018 a 2022. Las emisiones totales de carbono de la Compañía en 2022 fueron 1.2 millones de toneladas métricas CO2 equivalentes.

Año	Emisiones de carbono (toneladas métricas CO2)	Porcentaje de reducción
2018	1.41 millones	Base
2020	1.28 millones	9.2%
2022	1.2 millones	15%

Prácticas sostenibles de minería y extracción de minerales

Tronox invirtió $ 45.3 millones en tecnologías mineras sostenibles en 2022. La compañía opera 4 sitios de extracción de minerales primarios con certificación ambiental ISO 14001.

Ubicación	Tipo de sitio	Certificación ambiental	Inversión anual en sostenibilidad
Australia	Mina mineral de titanio	ISO 14001	$ 12.6 millones
Estados Unidos	Instalación de procesamiento mineral	ISO 14001	$ 11.2 millones
Sudáfrica	Sitio de extracción mineral	ISO 14001	$ 10.5 millones
Países Bajos	Planta de procesamiento	ISO 14001	$ 11 millones

Iniciativas de conservación de agua y energía

En 2022, Tronox redujo el consumo de agua en un 22% en sus operaciones globales. La compañía implementó sistemas de reciclaje de agua que ahorran 3,6 millones de metros cúbicos de agua anualmente.

Métrico de conservación	Valor 2020	Valor 2022	Reducción porcentual
Consumo de agua	5.2 millones de m³	4.06 millones m³	22%
Eficiencia energética	425 GWH	392 GWH	8%

Estrategias de gestión de residuos y economía circular

Tronox alcanzó una tasa de reciclaje de residuos del 68% en 2022, con $ 22.7 millones invertidos en la infraestructura de la economía circular. La compañía desvió 127,000 toneladas de desechos industriales de los vertederos.

Métrica de gestión de residuos	Valor 2020	Valor 2022	Inversión
Tasa de reciclaje	52%	68%	$ 22.7 millones
Desechos desviados del vertedero	98,000 toneladas	127,000 toneladas	-

Tronox Holdings plc (TROX) - PESTLE Analysis: Social factors

You're looking past the financials to the operational bedrock, and honestly, the social environment around a global miner like Tronox Holdings plc is a huge determinant of future cash flow. The key takeaway here is that while the company has managed to de-risk its safety profile to near-industry best, the persistent geopolitical and labor volatility in South Africa remains a tangible threat to production continuity.

Risk of production stoppages due to labor disputes and strikes, especially in South African operations with high union membership.

The high level of employee union membership in Tronox's South African operations creates a constant, near-term risk of disruptive industrial action. This is not just a theoretical concern; the mining industry in South Africa has faced significant cost pressures from rising employment costs and wages in recent years, which fuels negotiation volatility. A prolonged strike can immediately halt production, turning a projected quarter of strong volume into a severe cash crunch.

To be fair, Tronox has historically managed these relations well, but the underlying risk is structural. The company's 2025 outlook is exposed to this risk, plus the additional volatility from the historically political nature of the local communities surrounding its sites. This isn't a problem you can solve with a new piece of equipment.

Strong focus on employee safety, achieving one of the lowest total recordable injury rates in recent decades.

Tronox has made safety a core operational priority, which is a credit to management and defintely a value-add for investors concerned about operational excellence and insurance costs. The company achieved zero fatalities in 2024, a critical milestone in the mining sector. For 2025, the company has set a revised stretch goal for its Total Recordable Injury Frequency Rate (TRIFR) of 0.33 (per 200,000 hours worked), building on its strong 2024 performance. This focus translates directly into reduced operational downtime and lower long-term liability exposure.

Here's the quick math on safety performance targets:

Safety Metric	2024 Performance	2025 Target/Goal	Significance
Workplace Fatalities	Zero	Zero	Critical success in a high-risk industry.
Total Recordable Injury Frequency Rate (TRIFR)	Achieved one of the lowest in decades	0.33 (Revised stretch goal)	Indicates continuous improvement in safety culture.

Community engagement is mandated by the Social and Labor Plan (SLP) in South Africa, with significant local investment.

As a major mineral sands operator in South Africa, Tronox is legally required to implement a Social and Labor Plan (SLP), which mandates local economic development (LED) and social investment. The company recently received approval for its next SLP. This isn't charity; it's a non-negotiable part of maintaining the 'social license to operate.'

The company commits a portion of its revenue to these initiatives. For context, community investments have consistently been around 0.1% of total revenue. Based on the $3.074 billion in total revenue for the full year 2024, this implies a community investment of approximately $3.074 million. Specific Local Economic Development projects in the Namakwa Sands region have seen investments of over R9.8 million (South African Rand) in a single year for community infrastructure like school renovations and job creation.

Customer demand for sustainable products is driving product stewardship and reformulation efforts in paints and coatings.

The market is shifting, and customers-especially large paint and coatings manufacturers-are demanding more sustainable inputs. Tronox's titanium dioxide ($\text{TiO}_2$) is a key component here, and the company is responding with clear product stewardship actions:

• Embed Safe and Sustainable by Design (SSbD) criteria in all new product risk assessments.
• Update product Life Cycle Assessments (LCAs) in 2025 to reflect the environmental benefits of increased renewable energy use.
• Position $\text{TiO}_2$ products to enhance durability and longevity in end-use applications (like paints and plastics), which reduces replacement frequency and waste.

This product focus is a defensive and offensive strategy, ensuring their $\text{TiO}_2$ remains the preferred pigment as downstream industries push for lower-carbon, longer-lasting products. It's a smart move to future-proof their revenue stream.

Tronox Holdings plc (TROX) - PESTLE Analysis: Technological factors

You're looking for the hard numbers that back up Tronox Holdings plc's technology story, because in a cyclical commodity business, technology is your defintely most reliable cost-reduction and differentiation tool. The company's technological focus in 2025 maps directly to two core areas: operational efficiency via automation and future-proofing the feedstock supply through mine development and rare earth mineral recovery.

Ongoing process automation across global facilities is key to driving efficiency and reducing Scope 1 and 2 emissions.

Tronox is actively deploying advanced process controls (APCs) to squeeze more efficiency out of its pigment and mineral sands operations. This isn't just about labor savings; it's a direct attack on high-cost inputs like energy and reductants (coke). The results are clear: the company achieved a 21% reduction in Scope 1 and 2 Greenhouse Gas (GHG) emissions intensity in 2024 compared to its 2019 baseline, and the 2025 target is a 25% reduction.

This efficiency push is a major pillar of their cost-saving strategy. Specifically, the company is on track to deliver in excess of $60 million in annualized run-rate cost improvements by the end of 2025, part of a larger program targeting $125 million to $175 million in sustainable savings by the end of 2026. That's real money flowing straight to the bottom line.

• 2025 GHG Intensity Target: Reduce Scope 1 & 2 emissions by 25% (vs. 2019 baseline).
• Automation Impact: Implementing Automated Process Controls (APCs) to reduce coke consumption in chlorination.
• Renewable Energy Contribution: The 200MW solar project in South Africa, operational in March 2024, is expected to reduce global Scope 1 and 2 emissions intensity by approximately 13%.

Strategic investment in mining projects like Fairbreeze Expansion and Namakwa East OFS maintains the vertical integration advantage.

The core technological moat for Tronox is its vertical integration-owning the entire process from mine to pigment. Maintaining this advantage requires constant investment in new, high-grade mineral sands deposits to replace depleting mines. For 2025, the company has prioritized capital spending for these key projects, with full-year Capital Expenditures (CapEx) expected to be less than $330 million (revised guidance).

The Namakwa East OFS (Other Feedstock Supply) project in South Africa is a prime example of this strategic CapEx, with commissioning scheduled for November 2025. This new mine will supply higher-grade heavy mineral concentrate directly into the network, safeguarding the low-cost feedstock supply essential for the company's chloride process technology.

2025 Capital Investment Focus	Value/Status (FY 2025)	Strategic Impact
Full-Year Capital Expenditures (Guidance)	Less than $330 million	Sustain vertical integration and replace end-of-life mines.
Q1 2025 CapEx Allocation to Growth Projects	51% of $110 million (Q1 CapEx)	Prioritizes new, high-return mining assets.
Namakwa East OFS Project	Commissioning in November 2025	Secures long-term supply of high-grade ilmenite, rutile, and zircon.
Fairbreeze Expansion	Commissioning scheduled for July 2025	Extends mine life and feedstock security in South Africa.

Research and development (R&D) is focused on new specialty products like TiONA 233 for plastics, offering superior tint strength.

While R&D spending is modest compared to CapEx, it is highly targeted. The company's R&D costs, included in Selling, General and Administrative expenses, were approximately $14 million in 2024, a slight increase from $12 million in 2023, reflecting a consistent, focused investment. This money is aimed at high-margin, specialty applications that differentiate their titanium dioxide ($TiO_2$) pigment.

A key outcome is the TiONA 233 product, a blue tint tone rutile $TiO_2$ pigment. It's manufactured using the advanced chloride process, and its optimized surface treatment delivers superior optical efficiency and dispersion. This specialization allows it to target demanding applications like highly loaded masterbatches and critical thin films in the plastics sector, where color stability and UV resistance are paramount.

Leveraging rare earth concentrates (REOs) from tailings provides metals crucial for the clean energy transition (EVs and wind turbines).

A significant technological opportunity lies in monetizing the rare earth-bearing mineral, monazite, found in the tailings (waste) of their mineral sands operations. This is a critical strategic move, positioning Tronox as a potential non-Chinese source of metals essential for the clean energy transition, particularly in electric vehicle (EV) motors and wind turbines.

In Q3 2025, revenue from the 'other products' segment-which includes the sale of heavy mineral concentrate tailings-reached $90 million, demonstrating the immediate value of these byproducts. Furthermore, in October 2025, Tronox made a strategic placement of A$8.6 million (approximately $5.55 million USD) for a 5% cornerstone investment in Lion Rock Minerals Ltd (ASX: LRM) to accelerate the Minta Rare Earth & Rutile Project in Cameroon. This investment is a clear signal of the company's intent to expand its technical expertise and commercial footprint in the rare earth value chain, moving beyond just titanium and zircon.

Tronox Holdings plc (TROX) - PESTLE Analysis: Legal factors

Compliance with the EU's Corporate Sustainability Reporting Directive (CSRD) and Australia's ASRS requirements is a key focus in 2025.

You are seeing a significant shift in mandatory reporting, moving beyond just financial figures to include environmental, social, and governance (ESG) performance. For a global manufacturer like Tronox Holdings plc, this means a substantial legal and operational undertaking in 2025. The company is actively completing gap assessments to ensure future compliance with the European Union's Corporate Sustainability Reporting Directive (CSRD), which mandates detailed sustainability reporting for large companies, and Australia's Australian Sustainability Reporting Standards (ASRS) requirements. This isn't just paperwork; it's about proving the sustainability of your entire value chain.

This push for transparency will defintely influence capital allocation. Investors are now using these non-financial disclosures to assess long-term risk and value, so getting this right is crucial for maintaining access to European and Australian capital markets. We expect full implementation of new ESG tools and training to be completed in the first half of 2025 to manage this data collection.

Strict adherence to all applicable environmental laws and reporting requirements is non-negotiable for operating licenses.

Operating a vertically integrated titanium dioxide (TiO2) business means managing complex environmental risks, particularly around mining waste and emissions. Compliance is the price of keeping your operating licenses. In 2025, Tronox is focused on meeting the Global Industry Standard on Tailings Management (GISTM) deadline for its lower-risk facilities, a direct response to global regulatory pressure following high-profile industry failures.

The company's commitment here is visible in its 2024 results, which set the baseline for 2025 performance: they achieved a 21% reduction in Scope 1 and 2 Greenhouse Gas (GHG) emissions intensity compared to the 2019 baseline. This kind of measurable progress helps mitigate the legal risk of regulatory fines or operational shutdowns, especially in jurisdictions with tightening environmental standards. It's simple: manage your waste and emissions, or lose your right to operate.

Idling of the Botlek pigment plant in the Netherlands in 2025 incurred restructuring and other charges of $39 million in Q2 2025.

When a company executes a major strategic move like idling a plant, significant legal and financial liabilities immediately follow. The decision to idle the Botlek pigment plant in the Netherlands, announced in March 2025, resulted in a net loss of $85 million for Tronox in the second quarter of 2025.

The direct legal and financial fallout from this action was a charge of $39 million for restructuring and other costs, net of taxes, recorded in Q2 2025. This amount covers costs like severance packages, contract termination fees, and environmental decommissioning liabilities, showing the direct financial impact of labor and environmental laws in the European Union. Here's the quick math on the Q2 2025 financial impact:

Q2 2025 Financial Metric	Amount (Millions USD)	Note
Net Loss	$85 million	Reported for Q2 2025
Restructuring and Other Charges	$39 million	Primarily related to Botlek idling
GAAP Diluted Loss Per Share	$0.53

The company must manage legal risks related to international trade policies and potential anti-dumping duties in new markets like India and Brazil.

International trade law is a constant challenge, especially in high-growth markets where domestic producers seek protection. Tronox, as a multinational producer (MNP), is both a petitioner and a beneficiary of these trade defenses, particularly against low-cost Chinese imports of titanium dioxide (TiO2) pigment. This is a critical legal lever for market share protection.

In Brazil, the legal strategy paid off: the definitive anti-dumping ruling on rutile-type TiO2 from China was imposed on October 24, 2025. This action followed a petition filed by Tronox Pigmentos do Brasil S.A. in 2024. The new duties range from $1,148.72 to $1,267.74 per ton, a significant barrier to Chinese competitors and a clear opportunity for Tronox to gain market share.

However, the legal landscape in India is more volatile. India's Ministry of Finance imposed anti-dumping duties on Chinese TiO2 on May 10, 2025, with rates between $460 and $681 per metric ton. But, on September 22, 2025, the Calcutta High Court overturned this decision due to procedural flaws, temporarily invalidating the duties and remanding the case for a new investigation. This creates near-term uncertainty and re-opens the market to cheaper imports, a clear risk to Tronox's sales volumes in a key growth region.

• Brazil: Definitive anti-dumping duties imposed on Chinese TiO2 in October 2025.
• India: Anti-dumping duties on Chinese TiO2 were imposed in May 2025 but overturned by the Calcutta High Court in September 2025.

Tronox Holdings plc (TROX) - PESTLE Analysis: Environmental factors

The environmental factors for Tronox Holdings plc show a clear, measurable commitment to decarbonization and resource stewardship, driven by tangible investments in renewable energy and circular economy initiatives. This focus is defintely a strategic advantage in a market increasingly sensitive to supply chain carbon footprints.

- Reduced Scope 1 and 2 greenhouse gas (GHG) emissions intensity by 21% in 2024 from the 2019 baseline, largely via renewable energy adoption.

Tronox Holdings plc achieved a significant reduction in its direct and indirect operational emissions, cutting Scope 1 and 2 greenhouse gas (GHG) emissions intensity by 21% in 2024, measured against the 2019 baseline. This puts the company well on track toward its accelerated 2025 target of a 25% reduction.

This progress is primarily due to the shift in energy sourcing for its South African operations and the implementation of automated process controls (APCs) in its pigment plants, which reduces coke consumption.

Here's the quick math on the near-term targets:

• 2024 Achievement: 21% reduction in Scope 1 & 2 GHG emissions intensity.
• 2025 Target: 25% reduction in Scope 1 & 2 GHG emissions intensity.
• Long-Term Goal: Net zero by 2050, with a 50% reduction target by 2030.

- The solar project in South Africa is now online and providing power to operations, with a second significant renewable project underway.

The first major renewable energy initiative, a 200MW solar project with SOLA Group in South Africa, is fully operational as of April 2024. This project alone is estimated to provide approximately 40% of the company's total energy needs in the region, contributing an incremental 13% reduction to global Scope 1 and 2 carbon emissions relative to the 2019 baseline.

A second significant renewable project is now underway with NOA Group, involving a long-term power purchase agreement for approximately 497GWh of energy from wind and solar power plants with a capacity exceeding 200MW. This second project is expected to be fully implemented by the end of 2027 and will deliver an incremental 12% reduction in global Scope 1 and 2 GHG emissions.

South Africa Renewable Energy Projects	Partner	Capacity / Contracted Energy	Status (as of 2025)	Global GHG Impact (Incremental)
First Project (Solar)	SOLA Group	200MW (256 MWp installed)	Fully Operational (April 2024)	13% reduction in Scope 1 & 2
Second Project (Wind & Solar)	NOA Group	>200MW (~497GWh contracted)	Underway (Expected 2027)	12% reduction in Scope 1 & 2

- Waste to external landfills decreased by 13% in 2024, driven by recycling and circular economy initiatives.

Tronox Holdings plc has made solid progress on its waste reduction goals, decreasing the absolute amount of waste sent to external dedicated landfills by 13% in 2024, compared to its 2019 baseline. This was achieved through a combination of producing less waste, recycling more material back into its processes, and actively exploring circular economy opportunities.

The company is on track to meet its 2025 target of a 15% reduction in absolute waste to external dedicated landfills. The ultimate goal is achieving zero waste to external dedicated landfills by 2050.

- Piloting water management initiatives in high-stress areas to enhance water stewardship and set global consumption targets.

Water management is a critical focus, especially at sites identified as high-stress areas, which include operations in Australia (Eastern, Southern, Cooljarloo, Bunbury) and the Yanbu Pigment Plant in Saudi Arabia. In 2024, the company rolled out a global program to reduce fresh water use in these high-stress areas.

The company has been piloting water management initiatives at three Tronox locations to better measure consumption and enhance water stewardship. This work is crucial for improving water accounting and setting definitive global water management targets for the future. Already, the company has adjusted operations in high water-stress areas so that non-freshwater resources account for approximately 40% of water used at those sites.