OceanaGold Corporation, a prominent player in the fabricated metal products industry, is headquartered in New Zealand. Established in 1989, the company has made significant strides in the mining sector, particularly in gold production, with major operations in New Zealand, the Philippines, and the United States.
Specialising in the extraction and processing of gold and copper, OceanaGold is recognised for its commitment to sustainable mining practices and innovative technologies. The company’s flagship assets, including the Macraes and Waihi operations, underscore its market position as a leading gold producer in the Asia-Pacific region.
With a focus on responsible resource management and community engagement, OceanaGold continues to achieve notable milestones, reinforcing its reputation as a trusted name in the mining industry.
+14 vs industry average
OceanaGold’s score of 33 is higher than 57% 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
Metal Fabrication has above-average carbon intensity
Industry performance
The Metal Fabrication industry has reduced its overall emissions by 40% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
OceanaGold's reported carbon emissions
OceanaGold, headquartered in New Zealand and operating within the fabricated metal products sector, reported a total of approximately 326 million kg CO2e for Scope 1 and 2 emissions in 2024. This figure is a combination of market-based and location-based calculations. For the same year, their Scope 1 emissions were approximately 184 million kg CO2e, and Scope 2 emissions were approximately 115 million kg CO2e (market-based).
In 2023, OceanaGold's Scope 1 and 2 emissions totalled approximately 312 million kg CO2e (market-based), with Scope 1 emissions at around 190 million kg CO2e and Scope 2 emissions at approximately 122 million kg CO2e (market-based). The previous year, 2022, saw Scope 1 and 2 emissions of approximately 315.78 million kg CO2e (market-based), comprising about 196.16 million kg CO2e for Scope 1 and 119.61 million kg CO2e for Scope 2 (market-based).
OceanaGold has established several climate commitments. The company aims to achieve net zero operational emissions (Scope 1 and 2) by 2050. As an interim target, they aim to reduce Scope 1 and Scope 2 emissions by 30% from 2020 levels by 2030. Furthermore, they have set a near-term goal to reduce Scope 1 and Scope 2 emissions to near zero by the middle of the current decade, specifically targeting the period between 2023 and 2025. In terms of emissions intensity, OceanaGold has an interim target to reduce carbon emissions per ounce of gold produced by 30% by 2030, based on 2019 levels.
The company's data is not cascaded from a parent organisation. OceanaGold reports its own performance data.
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OceanaGold’s Climate Goals (2030 & 2050)
8 goals2030
30% reduction in Scope 1
We aim to reduce our Scope 1 emissions by 30% from 2020 levels by 2030.
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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OceanaGold
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