GlobalData offers a comprehensive analysis of Royal 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 Royal Gold‘s ESG performance. GlobalData’s company profile on Royal 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.
Royal Gold, a mining company, has set target for net zero by 2050. The company achieved carbon neutrality for three consecutive years, from 2020 to 2022, by offsetting 100% of its direct corporate Scope 2 and 3 emissions. In 2022, the company's total corporate Scope 2 and 3 greenhouse gas (GHG) emissions amounted to 405.7 metric tons of CO2 equivalent. Royal Gold has no Scope 1 emissions.
The company has taken steps to reduce emissions and achieve its net-zero targets. The company has made investments in renewable energy projects to directly benefit its operations. For example, the company is financially supporting Khoemacau Copper in their plan to develop a 50MW solar farm. Royal Gold also encourages its operators to conduct climate risk assessments and disclose climate-related risks. The company includes requirements for climate-related risk disclosure in new stream agreements.
In conclusion, Royal Gold has set ambitious net-zero targets and aims to achieve them by 2050. Royal Gold has taken steps to reduce emissions, including investments in renewable energy projects. The company also encourages its operators to assess climate risks and disclose them. By implementing these measures, Royal Gold is working towards its commitment to reduce GHG emissions and achieve net-zero emissions by 2050.