Agnico Eagle Sustainability Profile
Agnico Eagle Mines Limited, commonly referred to as Agnico Eagle, is a prominent Canadian gold mining company headquartered in Canada. Established in 1953, the company has built a strong reputation in the mining industry, primarily focusing on gold production across its major operational regions in Canada, Finland, and Mexico. Agnico Eagle is renowned for its commitment to sustainable mining practices and operational excellence. The company’s core offerings include gold and silver production, with a unique emphasis on high-quality assets and a diversified portfolio. Notable achievements include a consistent track record of profitability and a strong market position, making it one of the leading gold producers in North America. With a focus on innovation and responsible mining, Agnico Eagle continues to set benchmarks in the industry.
DitchCarbon Score
How does Agnico Eagle's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Precious Metal Mining industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Agnico Eagle's score of 52 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Agnico Eagle's reported carbon emissions
In 2024, Agnico Eagle reported total carbon emissions of approximately 1,111,942,000 kg CO2e for Scope 1, 198,831,000 kg CO2e for Scope 2, and 1,938,951,000 kg CO2e for Scope 3 emissions. The combined total for Scope 1 and 2 emissions was about 1,317,973,000 kg CO2e. In 2023, the company recorded similar figures, with Scope 1 emissions at approximately 1,150,541,000 kg CO2e, Scope 2 at 186,416,000 kg CO2e, and Scope 3 at 2,020,549,000 kg CO2e. Agnico Eagle has set ambitious climate commitments, including an interim target to reduce absolute Scope 1 and 2 emissions by 30% by 2030, using 2021 as the baseline year. Additionally, the company aims for net-zero emissions for Scope 1 and 2 by 2050. These targets reflect Agnico Eagle's commitment to enhancing its climate resilience and reducing its carbon footprint in the mining sector. The emissions data is not cascaded from any parent organization, and all figures are reported directly by Agnico Eagle Mines Limited.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 325,922,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 74,488,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Agnico Eagle's Industry?
How Carbon Intensive is Agnico Eagle's Location?
Agnico Eagle's Scope 3 Categories Breakdown
Agnico Eagle's Scope 3 emissions, which decreased by 4% last year and increased by approximately 49% since 2020, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 60% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 62% of Scope 3 emissions.
Top Scope 3 Categories
Agnico Eagle's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Agnico Eagle has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
