GlobalData offers a comprehensive analysis of Barrick Gold, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Barrick Gold‘s ESG performance. GlobalData’s company profile on Barrick Gold offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Barrick Gold, a leading mining company, is committed to reduce its GHG emissions as part of its sustainability efforts. The company's short-term and interim objective involves a 15% reduction in greenhouse gas (GHG) emissions against the 2018 baseline of 7,541 kilotons of carbon dioxide equivalent (CO2e). While its medium term target is to achieve a minimum 30% reduction in Scope 1 and 2 emissions by 2030 compared to the same baseline, it has a long term target to achieve net-zero emissions by 2050.
In 2022, the company accomplished an 83% water recycling and reuse rate while achieving an 11% reduction in greenhouse gas emissions compared to the 2018 baseline. The company's total emissions amounted to 6,705 kilotons of CO2e, considering Scope 1 and 2 emissions on a market-based approach. This reflects an approximate 6% reduction compared to 2021 and an 11% reduction against the 2018 baseline.
The company acknowledges the need for increased energy efficiency and reporting to combat climate change. Barrick Gold has taken steps to reduce emissions and achieve its net-zero targets. The excerpts mention the company's commitment to improving the efficiency of water and energy use, recognizing the potential impacts of climate change. The company also emphasizes the importance of biodiversity protection and responsible mine closure.
In conclusion, Barrick Gold has set net-zero targets and recognizes the importance of reducing GHG emissions and addressing climate change risks. The company is committed to improving water and energy efficiency and protecting biodiversity. Barrick Gold is likely taking actions and making investments to achieve its sustainability goals.