GlobalData offers a comprehensive analysis of Centamin, 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 Centamin‘s ESG performance. GlobalData’s company profile on Centamin 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.
Centamin, a mineral exploration and mining company, is committed to reduce its GHG emissions as part of its sustainability efforts. The company aims to achieve a 30% reduction in scope 1 and scope 2 greenhouse gas (GHG) emissions by 2030 compared to 2021 base year. In 2022, the company reported total Scope 1, 2 and 3 emissions of 1,701,817 tCO2e, and emission intensity of 3.86 (tCO2-e per oz Au produced).
Centamin has taken several steps to reduce its emissions and has achieved significant milestones. In 2022, the company commissioned the Sukari Solar Project, which helps reduce its reliance on fossil fuel-generated electricity. It has also developed a decarbonization roadmap with capital requirements to guide its emission reduction efforts. Additionally, Centamin has established a revolving credit facility with sustainable-linked performance metrics for carbon emissions reduction.
Looking ahead, Centamin plans to continue engaging with its suppliers to identify and assess opportunities for reducing scope 3 emissions. The company aims to set targets for scope 3 emissions reduction by the end of 2024. It also intends to strengthen its consideration of climate-related transition risks and opportunities through scenario analysis.
Overall, Centamin is committed to reducing its carbon emissions and has taken significant steps to reduce its scope 1 and scope 2 emissions. By investing in renewable energy and engaging with its supply chain, Centamin is making progress towards a more sustainable future.