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 52 is higher than 73% 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 significant contributors to Scope 3 emissions included purchased goods and services (approximately 86,447,000 kg CO2e) and upstream transportation and distribution (about 30,844,000 kg CO2e). In 2023, the company recorded total emissions of around 159,953,000 kg CO2e, with Scope 1 at about 27,909,000 kg CO2e and Scope 2 at approximately 12,252,000 kg CO2e. The Scope 3 emissions for that year were also substantial, totalling around 159,953,000 kg CO2e. Lundin Gold has set ambitious near-term reduction targets, aiming for a reduction of approximately 30,000 tCO2e by 2030, based on their 2023 Life of Mine Plan. In 2024, they achieved a reduction of about 2,800 tCO2e in Scope 1 emissions through a decrease in diesel consumption, representing an 11% reduction against budgeted figures. Additionally, they reported a 3.7% decrease in electricity consumption, avoiding approximately 615 tCO2e in Scope 2 emissions. The company is committed to identifying and implementing further emissions reduction initiatives to meet its carbon neutrality goal by 2030. All emissions data is sourced directly from Lundin Gold Inc., with no cascaded data from parent or related organizations.
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| 2017 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 5,208,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 2,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 8,616,000 | 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.
