GlobalData offers a comprehensive analysis of Kinross Gold, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of Net Zero and associated ESG keywords, GlobalData delivers valuable information on Kinross Gold‘s ESG performance. GlobalData’s company profile on Kinross 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.
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Kinross Gold, a Canadian-based gold mining company, has committed to achieving net-zero greenhouse gas (GHG) emissions by 2050. The company announced a 30% reduction target set for Scope 1 and Scope 2 Greenhouse Gas (GHG) emissions intensity (per gold equivalent ounce) produced by 2030. The company's GHG emissions are calculated using emissions factors from The Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard (Revised Edition). Kinross Gold's latest filings mentioned the keywords 'Emissions' and 'Renewable' most number of times in relation to 'Net Zero'.
In 2022, the company's total Scope 1 emissions were 410 thousand tonnes of CO2e, Scope 2 emissions were 1,039 thousand tonnes of CO2e, while its total Scope 3 emissions were 2,239 thousand tonnes of CO2e. The total greenhouse gas emissions (Scope 1 and 2) declined by 11.7% when compared to the base year of 2018. According to the company's CSR report for 2022, it consumed 20,387,277 gigajoules of energy. Water consumption rose by 8% from 63,828,406 m3 in 2021 to 69,081,567 m3.
Kinross Gold has taken several steps to reduce its carbon footprint, including investing in renewable energy and energy efficiency projects, implementing waste management programs, and reducing its use of hazardous materials. The company has also reported zero significant incidents associated with hazardous materials and waste management in 2022. Kinross Gold's recent reporting on its sustainability and ESG performance can be found on its website. In addition, the company advanced its green energy projects with the construction of the Tasiast solar plant, expected to come online in the second half of 2023.
In conclusion, Kinross Gold's commitment to achieving net-zero GHG emissions by 2050 aligns with the goals of the Paris Agreement. The company's efforts to reduce its carbon footprint and manage its waste and hazardous materials demonstrate its commitment to sustainability and ESG.
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