Golden Energy And Resources
Golden Energy and Resources Limited, commonly referred to as GEAR, is a prominent player in the energy and resources sector, headquartered in Singapore (SG). Founded in 2007, the company has established a strong presence in key operational regions, including Indonesia and Australia, focusing primarily on coal mining and trading. GEAR is renowned for its commitment to sustainable practices and operational excellence, offering high-quality thermal and metallurgical coal. The company’s unique approach to resource management and its strategic partnerships have positioned it as a leader in the industry. With a robust market presence, GEAR has achieved significant milestones, including expanding its mining capacity and enhancing its supply chain efficiency, solidifying its reputation as a reliable energy provider in the Asia-Pacific region.
DitchCarbon Score
How does Golden Energy And Resources'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 Salt and Mineral 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
Golden Energy And Resources's score of 15 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Golden Energy And Resources's reported carbon emissions
In 2022, Golden Energy and Resources (GEAR), headquartered in Singapore, reported total carbon emissions of approximately 1,034,019,000 kg CO2e. This figure includes 890,827,000 kg CO2e from Scope 1 emissions and 143,192,000 kg CO2e from Scope 2 emissions. Notably, GEAR has not disclosed any Scope 3 emissions for this year. In the previous year, 2021, GEAR's total emissions were about 697,348,000 kg CO2e, with Scope 1 emissions contributing 582,483,000 kg CO2e and Scope 2 emissions at 114,865,000 kg CO2e. This indicates a significant increase in emissions from 2021 to 2022. The company has not set specific reduction targets or initiatives as part of its climate commitments, nor has it engaged with the Science Based Targets initiative (SBTi) for formal reduction targets. GEAR's emissions intensity for Scope 1 and 2 combined was reported at 37.3 tonnes CO2e in 2022, reflecting its operational efficiency in relation to emissions. Overall, while GEAR has made strides in reporting its emissions, the absence of defined reduction targets highlights an area for potential improvement in its climate strategy.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 317,455,340 | 000,000,000 | 0,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 84,088,130 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 16,300 | 00,000 | 0,000 | 00,000,000 | 00,000,000 | 00,000,000 | - |
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.
Golden Energy And Resources 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.
