B2Gold Corp, often referred to simply as B2Gold, is a prominent player in the chemical and fertilizer minerals sector, with its headquarters located in Canada. Founded in 2007, the company has rapidly established itself within the mining and quarrying industry, focusing on the extraction of gold and other valuable minerals.
With major operations in regions such as Mali, the Philippines, and Namibia, B2Gold is renowned for its commitment to sustainable mining practices and community engagement. The company’s core products include gold and various mineral resources, distinguished by their high-quality standards and innovative extraction methods.
B2Gold has achieved significant milestones, including the successful development of multiple gold mines, positioning itself as a leading mid-tier gold producer. Its dedication to operational excellence and environmental stewardship has garnered recognition within the industry, solidifying its market position as a trusted name in mining.
+15 vs industry average
B2gold’s score of 33 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Salt and Mineral Mining has above-average carbon intensity
Industry performance
The Salt and Mineral Mining industry has reduced its overall emissions by 66% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
B2gold's reported carbon emissions
B2Gold, headquartered in CA and operating within the chemical and fertilizer minerals, salt and other mining and quarrying products n.e.c. industry, has reported significant greenhouse gas (GHG) emissions across its global operations. For the year 2024, B2Gold's total GHG emissions were approximately 1,998,000,000 kg CO2e. This total is comprised of Scope 1 emissions totalling about 662,000,000 kg CO2e, Scope 2 emissions of approximately 37,000,000 kg CO2e, and Scope 3 emissions amounting to about 1,026,000,000 kg CO2e. Key contributors to Scope 3 emissions in 2024 included purchased goods and services (approximately 384,000,000 kg CO2e) and capital goods (approximately 433,000,000 kg CO2e). The company's Scope 1 and 2 emissions intensity for 2024 was reported at approximately 890 tonnes CO2e per gold ounce produced, and 30 tonnes CO2e per tonne of ore milled. In 2023, B2Gold's Scope 1 and 2 emissions totalled approximately 701,000,000 kg CO2e, with Scope 1 emissions at roughly 673,000,000 kg CO2e and Scope 2 at about 28,000,000 kg CO2e. The intensity for Scope 1 and 2 emissions in 2023 was approximately 710 tonnes CO2e per gold ounce produced and 30 tonnes CO2e per tonne of ore milled. Looking back, in 2022, B2Gold reported Scope 1 and 2 emissions of approximately 739,000,000 kg CO2e, with Scope 1 being around 729,000,000 kg CO2e and Scope 2 at approximately 10,000,000 kg CO2e. The intensity was about 760 tonnes CO2e per gold ounce produced and 40 tonnes CO2e per tonne of ore milled. In 2021, Scope 1 and 2 emissions were around 722,000,000 kg CO2e, with Scope 1 at approximately 722,000,000 kg CO2e and Scope 2 at about 110,000 kg CO2e. The intensity was approximately 730 tonnes CO2e per gold ounce produced and 40 tonnes CO2e per tonne of ore milled. For 2020, Scope 1 and 2 emissions were approximately 637,000,000 kg CO2e, with Scope 1 at about 637,000,000 kg CO2e and Scope 2 at approximately 70,000 kg CO2e. The intensity was around 640 tonnes CO2e per gold ounce produced and 40 tonnes CO2e per tonne of ore milled. In 2019, B2Gold's Scope 1 emissions were approximately 558,000,000 kg CO2e. B2Gold has established a significant climate commitment, announcing a target to reduce its Scope 1 and 2 GHG emissions by 30% by 2030, using a 2021 baseline. This target is a key component of their Climate Strategy. The company is reporting on its progress towards this goal.
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B2gold’s Climate Goals (2030 & 2050)
3 goals2030
30% reduction in Scope 1
In early 2023, B2Gold announced a target to reduce Scope 1 and 2 GHG emissions by 30% by 2030 against our 2021 baseline.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
7 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
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B2gold
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