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 20 is lower than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Golden Energy And Resources's reported carbon emissions
In 2022, Golden Energy And Resources, headquartered in Singapore, reported total carbon emissions of approximately 697,348,000 kg CO2e. This figure includes 582,483,000 kg CO2e from Scope 1 emissions and 114,865,000 kg CO2e from Scope 2 emissions, resulting in a combined total of 890,827,000 kg CO2e for both scopes. The company has not disclosed any Scope 3 emissions data. Comparatively, in 2021, the organisation's emissions were significantly lower, with Scope 1 emissions at 291,267,000 kg CO2e and Scope 2 emissions at 19,454,000 kg CO2e. This indicates a substantial increase in emissions year-on-year, reflecting a total of 697,348,000 kg CO2e in 2022 versus 310,721,000 kg CO2e in 2021. Despite the increase in emissions, Golden Energy And Resources has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). The company operates as a current subsidiary of Golden Energy and Resources Pte. Ltd., which may influence its emissions reporting and climate strategies. Overall, while Golden Energy And Resources has made strides in emissions reporting, the lack of reduction commitments highlights an area for potential improvement in their climate strategy.
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| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Scope 1 | 317,455,340 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 205,016,630 | 0,000,000 | 00,000,000 | 00,000,000 | 000,000,000 |
| Scope 3 | 120,000,000 | - | - | - | - |
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 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.
