Centamin
Centamin PLC, a prominent gold mining company, is headquartered in Jersey (JE) and operates primarily in Egypt, where it has established a significant presence in the mineral exploration and extraction industry. Founded in 2009, Centamin has achieved notable milestones, including the successful development of the Sukari Gold Mine, which is Egypt's first large-scale modern gold mine. Specialising in gold production, Centamin is recognised for its commitment to sustainable mining practices and operational excellence. The company’s unique approach combines advanced technology with a focus on environmental stewardship, setting it apart in the competitive mining sector. With a strong market position, Centamin has consistently delivered impressive financial results, solidifying its reputation as a leader in the gold mining industry.
DitchCarbon Score
How does Centamin'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
Centamin's score of 16 is lower than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Centamin's reported carbon emissions
In 2022, Centamin reported total carbon emissions of approximately 1,701,817,000 kg CO2e. This figure includes Scope 1 emissions of about 505,486,000 kg CO2e and Scope 3 emissions of approximately 1,196,331,000 kg CO2e. Notably, there were no reported Scope 2 emissions. The breakdown of Scope 3 emissions reveals significant contributions from purchased goods and services (about 546,951,000 kg CO2e) and capital goods (approximately 493,179,000 kg CO2e). Comparatively, in 2021, Centamin's total emissions were about 1,701,693,000 kg CO2e, with Scope 1 emissions at approximately 484,081,000 kg CO2e and Scope 3 emissions at around 1,217,612,000 kg CO2e. The data indicates a slight increase in total emissions from 2021 to 2022. Centamin has not set specific reduction targets or initiatives as part of its climate commitments, and there are no SBTi (Science Based Targets initiative) reduction targets disclosed. The emissions data is cascaded from Centamin Limited, reflecting the performance of the merged entity. Overall, Centamin's emissions intensity for Scope 1 and 2 is reported at about 1,150 kg CO2e per ounce of gold produced, while the intensity across all scopes is approximately 3,860 kg CO2e per ounce of gold produced. The company continues to assess its carbon footprint and explore avenues for improvement in its sustainability practices.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 498,844,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | - | - |
| Scope 3 | 925,892,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Centamin is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
