Joint Stock Company Polymetal Sustainability Profile
Joint Stock Company Polymetal, commonly referred to as Polymetal, is a leading precious metals mining company headquartered in Russia. Established in 1998, the company has grown to become a significant player in the mining industry, with major operational regions spanning Russia and Kazakhstan. Polymetal primarily focuses on the extraction and production of gold and silver, offering a diverse portfolio of high-quality mining assets. The company is renowned for its commitment to sustainable practices and operational excellence, which have positioned it favourably in the competitive market. With a strong emphasis on innovation and efficiency, Polymetal has achieved notable milestones, including its listing on the London Stock Exchange. Its strategic approach and robust market presence underscore its reputation as a key contributor to the global precious metals sector.
DitchCarbon Score
How does Joint Stock Company Polymetal'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 Precious Metal Production 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
Joint Stock Company Polymetal's score of 29 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Joint Stock Company Polymetal's reported carbon emissions
In 2023, Joint Stock Company Polymetal reported total carbon emissions of approximately 1,087,000,000 kg CO2e, comprising 724,000,000 kg CO2e from Scope 1 and 363,000,000 kg CO2e from Scope 2 emissions. This represents a 4% reduction in Scope 1 emissions compared to 2022, attributed to energy efficiency measures. The company has set a target to decrease GHG intensity by 5% by 2023, using 2018 as the base year, for both Scope 1 and Scope 2 emissions. Polymetal is committed to developing a strategy for potential carbon neutrality by 2050, focusing on both Scope 1 and Scope 2 emissions. The GHG intensity for Scope 1 and Scope 2 emissions in 2023 was reported at approximately 0.022 kg CO2e per ounce of gold equivalent (GE). The emissions data is cascaded from the parent company, with specific initiatives and targets outlined in documents sourced from Joint Stock Company Polymetal. The company continues to align its climate commitments with industry standards, aiming for significant reductions in its carbon footprint.
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| 2020 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 612,670,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 565,924,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 625,265,000 | - | - |
How Carbon Intensive is Joint Stock Company Polymetal's Industry?
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Joint Stock Company Polymetal'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.
Joint Stock Company Polymetal 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.
Harmony Gold Mining
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