Golden Energy And Resources Sustainability Profile
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 23 is lower than 53% 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 (SG), 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 Scope 1 and 2. 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, highlighting the need for enhanced climate action. Despite the lack of specific reduction targets or initiatives, Golden Energy and Resources is a current subsidiary of Golden Energy and Resources Pte. Ltd., which may influence its climate commitments. However, no specific climate pledges or reduction initiatives have been documented, suggesting a potential area for improvement in their sustainability strategy. Overall, while the company has made strides in reporting its emissions, the absence of reduction targets and initiatives raises questions about its long-term climate commitments.
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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 | - | - | - | - |
How Carbon Intensive is Golden Energy And Resources's Industry?
How Carbon Intensive is Golden Energy And Resources's Location?
Golden Energy And Resources's Scope 3 Categories Breakdown
Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 19% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 70% of Scope 3 emissions.
Top Scope 3 Categories
Golden Energy And Resources's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Golden Energy And Resources has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
