Lucara Diamond Corporation, commonly referred to as Lucara, is a prominent player in the precious metal ores and concentrates industry, headquartered in Canada. Founded in 2007, the company has established itself as a leader in diamond mining, particularly through its operations in Botswana, where it owns the renowned Karowe mine.
Lucara is distinguished by its innovative approach to diamond recovery and its commitment to sustainable mining practices. The company is known for producing high-value diamonds, including some of the largest and most exceptional stones in the world. With a strong market position, Lucara has achieved significant milestones, including the recovery of the 1,758-carat Sewelô diamond, one of the largest ever found. Through its focus on quality and sustainability, Lucara continues to set benchmarks in the diamond industry.
-4 vs industry average
Lucara’s score of 18 is lower than 44% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Precious Metal Mining has above-average carbon intensity
Industry performance
The Precious Metal Mining industry has reduced its overall emissions by 41% since 2018
Emissions trajectory 2020 – 2025
Reported emissions
Scope 3 accounts for ••• of total emissions.
Lucara's reported carbon emissions
Lucara Diamond Corp., a precious metal ores and concentrates company headquartered in Canada, reported its climate performance, focusing on Scope 1 and Scope 2 emissions.
In 2022, Lucara's combined Scope 1 and Scope 2 emissions amounted to approximately 85.78 million kg CO2e. This breaks down into about 26.66 million kg CO2e for Scope 1 and approximately 59.12 million kg CO2e for Scope 2. The company's GHG intensity for 2022 was reported as 17,900 kg CO2e per tonne of ore processed.
For 2021, Lucara's Scope 1 and Scope 2 emissions totalled around 75.12 million kg CO2e, with Scope 1 at approximately 16.62 million kg CO2e and Scope 2 at about 58.50 million kg CO2e. The GHG intensity for revenue in 2021 was 0.326 kg CO2e per USD, and for carats produced, it was 0.203 kg CO2e per carat.
In 2020, combined Scope 1 and Scope 2 emissions were approximately 76.50 million kg CO2e, comprising 18.69 million kg CO2e for Scope 1 and 57.81 million kg CO2e for Scope 2. The GHG intensity for carats produced was 0.194 kg CO2e per carat.
Looking further back, Lucara reported combined Scope 1 and Scope 2 emissions of about 97.95 million kg CO2e in 2019, 95.62 million kg CO2e in 2018, 84.98 million kg CO2e in 2017, 76.90 million kg CO2e in 2016, and 65.13 million kg CO2e in 2015 (combining Scope 1 and 2 totals). The company has not disclosed Scope 3 emissions data.
While Lucara's reporting does not currently indicate specific company-wide absolute reduction targets, there is a mention of Botswana's intent to achieve an overall emissions reduction of 15% by 2030, using 2010 as a base year. This commitment, relevant to Scope 1 and Scope 2 emissions, was communicated in the 2017 reporting period. Lucara's most recent disclosures do not detail any specific SBTi or other formal climate pledges.
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Lucara’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Lucara
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