GlobalData offers a comprehensive analysis of Gold Fields, 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 Gold Fields‘s ESG performance. GlobalData’s company profile on Gold Fields 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.
Gold Fields, a mining company, has set target for net zero by 2050. The company aims to achieve a 30% reduction in Scope 1 and 2 carbon emissions and a 50% reduction in absolute emissions by 2030, with reference to the 2016 base year. In 2022, the company's GHG emissions, including scope 1 and 2, amounted to 1.72 mtCO2e and emissions intensity of 669 kg CO2e/oz.Specifically, the carbon dioxide equivalent (CO2e) emissions were recorded at 0.79 million metric tons (Mt) for Scope 1, 0.93 Mt for Scope 2, and 0.56 Mt for Scope 3.
Gold Fields has taken steps to reduce its emissions and achieve its net-zero targets. The company has made key judgments, estimations, and assumptions in preparing its climate change-related information. It plans to improve the quality of its scope 3 emissions data as value chain emissions data advances over time. Gold Fields has also invested in initiatives to avoid emissions and save energy, such as the construction of a water treatment plant for nearby communities. The company recycles or reuses 75% of its water.
In conclusion, Gold Fields is committed to achieving net-zero emissions and has set specific targets for scope 1, scope 2, and scope 3 emissions. The company acknowledges the challenges and uncertainties associated with climate change and is prepared to adapt its approach as needed. By continuously evaluating its progress and improving data quality, Gold Fields aims to make significant strides towards its net-zero targets.