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 46 is higher than 71% 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. This includes Scope 1 emissions of about 35,401,000 kg CO2e, Scope 2 emissions of approximately 14,051,000 kg CO2e, and significant Scope 3 emissions totalling around 174,105,000 kg CO2e. The Scope 3 emissions breakdown reveals major contributions from purchased goods and services (about 86,447,000 kg CO2e) and upstream transportation and distribution (approximately 30,844,000 kg CO2e). In 2023, the company recorded total emissions of about 159,953,000 kg CO2e, with Scope 1 at approximately 27,909,000 kg CO2e and Scope 2 at around 12,252,000 kg CO2e. The Scope 3 emissions for that year were also significant, totalling about 159,953,000 kg CO2e. Lundin Gold has set ambitious climate commitments, aiming for carbon neutrality by 2030. The company plans to implement emissions reduction initiatives targeting approximately 30,000 tCO2e based on its 2023 Life of Mine Plan. Notably, in 2024, Lundin Gold 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, the company reduced its electricity consumption by 5.13 GWh, avoiding approximately 615 tCO2e in Scope 2 emissions, which corresponds to a 3.7% decrease compared to budgeted levels. Lundin Gold's emissions data is sourced directly from Lundin Gold Inc., with no cascaded data from parent or related organizations. The company actively discloses its emissions across all relevant scopes, demonstrating a commitment to transparency and accountability in its climate strategy.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 25,399,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 24,170,000 | 0,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 746,750,000 | 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.
