GlobalData offers a comprehensive analysis of Endeavour Mining, 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 Endeavour Mining‘s ESG performance. GlobalData’s company profile on Endeavour Mining 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.
Endeavour Mining, a mining company, has set target for net zero by 2050. The company aims to achieve 30% reduction in its carbon emissions intensity by 2030. The company aims to significantly enhance the proportion of renewable energy in the global energy mix by 2030. In 2022, the company reported total Scope 1, and 2 emissions of 884,928 tCO2-e representing a 4% increase compared to the previous year, and Scope 3 emissions of 414,641 tCO2e, and emission intensity of 0.64 tCO2-e/oz. It achieved its 2022 Group KPI target by reporting an emissions intensity of 640kg CO2e/oz, while also enhancing transparency through an expanded Scope 3 disclosure that now includes top suppliers by emissions.
In 2022, the company reduced Scope 1 emissions by 2% to 749,338 tCO2-e, attributed to operational changes and increased self-generation. However, Scope 2 emissions saw a significant 45% rise to 135,590 tCO2-e, primarily due to a 37% increase in purchased electricity across the Houndé, Ity, and Mana mines. The company's total energy consumption for 2022 experienced a slight reduction, measuring 10.3 million gigajoules, as compared to 10.5 million gigajoules in 2021.
Endeavour Mining has taken several steps to reduce its emissions and achieve its net-zero targets. The company has implemented initiatives to improve energy efficiency and reduce energy consumption. It has also connected one of its mines to the grid, reducing reliance on self-generation and decreasing its carbon footprint. Additionally, the company is working on waste management and aims to recycle or reuse waste as a first option.
In conclusion, Endeavour Mining is committed to reducing its greenhouse gas emissions and achieving net-zero targets. It has implemented various initiatives to improve energy efficiency and waste management. While the company has seen an increase in emissions in 2022, it is taking steps to address this and optimize operational efficiencies.