Franco Nevada
Franco-Nevada Corporation, often referred to simply as Franco-Nevada, is a leading gold-focused royalty and streaming company headquartered in California. Established in 2007, the company has rapidly positioned itself as a key player in the mining industry, with significant operations across North America, South America, and Australia. Franco-Nevada's unique business model centres on acquiring and managing a diverse portfolio of royalties and streams, primarily in precious metals, which allows for reduced risk and enhanced financial returns. The company is renowned for its strong balance sheet and disciplined approach to capital allocation, making it a preferred partner for mining companies worldwide. With a commitment to sustainable practices and a robust market presence, Franco-Nevada continues to achieve notable milestones, solidifying its reputation as a leader in the resource sector.
DitchCarbon Score
How does Franco Nevada'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 Crude Oil Extraction 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
Franco Nevada's score of 13 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Franco Nevada's reported carbon emissions
In 2023, Franco Nevada reported total carbon emissions of approximately 214,600 kg CO2e, with Scope 2 emissions accounting for about 63,900 kg CO2e and Scope 3 emissions contributing approximately 150,700 kg CO2e. The Scope 3 emissions were primarily driven by business travel, which accounted for about 100,600 kg CO2e, alongside employee commuting at approximately 18,200 kg CO2e and purchased goods and services at about 26,300 kg CO2e. Over the years, Franco Nevada has shown fluctuations in its emissions. For instance, in 2022, total emissions were around 558,807,900 kg CO2e, with Scope 2 emissions at approximately 57,600 kg CO2e and Scope 3 emissions at about 558,750,300 kg CO2e. The company has not set specific reduction targets or initiatives as part of its climate commitments, indicating a potential area for future focus. Franco Nevada's headquarters is located in California, where it operates within an industry increasingly scrutinised for its environmental impact. The absence of defined reduction targets suggests that while the company is monitoring its emissions, it may need to enhance its climate strategy to align with global sustainability goals.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - | - |
| Scope 2 | 54,600 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | 78,000 | 00,000 | 00,000 | 00,000 | 000,000,000 | 000,000,000 | 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.
Franco Nevada 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.
