Lundin Gold
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 35 is higher than 88% 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 2023, Lundin Gold reported total carbon emissions of approximately 40,161,000 kg CO2e, comprising 27,909,000 kg CO2e from Scope 1, 12,252,000 kg CO2e from Scope 2, and 159,953,000 kg CO2e from Scope 3 emissions. This reflects a significant commitment to transparency in their emissions reporting across all three scopes. Over the years, Lundin Gold's emissions have varied, with notable figures from previous years including 79,631,000 kg CO2e in 2021 and 49,691,000 kg CO2e in 2020. The company has demonstrated a proactive approach to managing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. Lundin Gold's emissions intensity metrics indicate a focus on improving efficiency, with emissions intensity reported at 80 kg CO2e per ounce of gold produced in 2023. The company continues to engage in sustainability practices, although it has not set formal reduction targets under the Science Based Targets initiative (SBTi) or other climate pledges. Overall, Lundin Gold's emissions data highlights its ongoing efforts to monitor and manage its carbon emissions, aligning with industry standards for climate accountability.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| 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 | 0,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
| Scope 3 | 666,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Lundin Gold is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
