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 15 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Franco Nevada's reported carbon emissions
In 2023, Franco-Nevada Corporation reported total carbon emissions of approximately 214,600 kg CO2e. This figure includes 63,900 kg CO2e from Scope 2 emissions and 150,700 kg CO2e from Scope 3 emissions, which encompass significant contributions from business travel (100,600 kg CO2e) and purchased goods and services (26,300 kg CO2e). The previous year, 2022, saw a much higher total of about 558,807,900 kg CO2e, with Scope 2 emissions at 57,600 kg CO2e and Scope 3 emissions dominating at 558,750,300 kg CO2e, primarily driven by investments (558,640,000 kg CO2e). This indicates a substantial reduction in emissions from 2022 to 2023. Franco-Nevada has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. The company’s emissions data is not cascaded from a parent organization, indicating that the reported figures are solely from Franco-Nevada Corporation itself. Overall, while the company has made strides in reducing its emissions, it currently lacks formal commitments to further reduction targets.
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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 |
| 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 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.
