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 19 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Centamin's reported carbon emissions
Centamin, headquartered in Jersey (JE), reported significant carbon emissions in recent years, with the most recent data from 2022 indicating total emissions of approximately 1,701,817,000 kg CO2e. This total includes 505,486,000 kg CO2e from Scope 1 emissions, while Scope 3 emissions accounted for about 1,196,331,000 kg CO2e. Notably, there were no reported Scope 2 emissions. In 2021, Centamin's total emissions were approximately 1,701,693,000 kg CO2e, with Scope 1 emissions at 483,851,000 kg CO2e and Scope 3 emissions at 1,217,612,000 kg CO2e. The company has shown a slight increase in emissions intensity, with figures of 4,100 kg CO2e per ounce of gold produced in 2021 and 3,860 kg CO2e per ounce in 2022. Despite these figures, Centamin has not disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented climate pledges or SBTi (Science Based Targets initiative) commitments suggests that the company may need to enhance its climate strategy to align with industry standards and expectations for sustainability.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 427,752,000 | 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 committed to any reduction initiatives 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.
