Lundin Gold Sustainability Profile
Lundin Gold Inc., a prominent player in the mining industry, is headquartered in Canada and primarily operates in Ecuador, where it focuses on gold exploration and production. Founded in 2016, the company has quickly established itself as a leader in the sector, particularly with its flagship asset, the Fruta del Norte gold mine, which commenced production in late 2019. Lundin Gold is dedicated to sustainable mining practices, emphasising environmental stewardship and community engagement. Its commitment to high-quality gold production sets it apart in a competitive market, contributing to its strong position within the industry. With a focus on operational excellence and strategic growth, Lundin Gold continues to achieve significant milestones, reinforcing its reputation as a responsible and innovative mining company.
DitchCarbon Score
How does Lundin Gold'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
Lundin Gold's score of 58 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Lundin Gold's reported carbon emissions
In 2024, Lundin Gold reported total carbon emissions of approximately 174,105,000 kg CO2e, with Scope 1 emissions at about 35,401,000 kg CO2e, Scope 2 emissions at approximately 14,051,000 kg CO2e, and Scope 3 emissions reaching about 174,105,000 kg CO2e. The company has made significant strides in reducing its carbon footprint, achieving an 11% reduction in diesel consumption, which translated to a decrease of approximately 2,800 tonnes CO2e in Scope 1 emissions. Additionally, Lundin Gold reduced its electricity consumption by 5.13 GWh, resulting in a reduction of about 615 tonnes CO2e in Scope 2 emissions. Lundin Gold is committed to achieving carbon neutrality by 2030, targeting a total reduction of approximately 30,000 tonnes CO2e based on its 2023 Life of Mine Plan. The company is actively identifying and implementing emissions reduction initiatives across both Scope 1 and Scope 2 categories to meet this ambitious goal. Overall, Lundin Gold's emissions data reflects a comprehensive approach to climate commitments, with a focus on both immediate reductions and long-term sustainability targets.
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| 2017 | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 5,537,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 194,000 | 000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 666,000 | 0,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Lundin Gold's Industry?
How Carbon Intensive is Lundin Gold's Location?
Lundin Gold's Scope 3 Categories Breakdown
Lundin Gold's Scope 3 emissions, which increased by 9% last year and increased significantly since 2017, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 78% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 50% of Scope 3 emissions.
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Lundin Gold'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.
Lundin Gold 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.
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