Royal Gold Sustainability Profile
Royal Gold, Inc., a prominent player in the precious metals industry, is headquartered in the United States, with significant operations across North America and internationally. Founded in 1981, the company has established itself as a leading gold-focused royalty and streaming firm, providing investors with exposure to gold and other precious metals without the operational risks associated with traditional mining. Royal Gold's unique business model involves acquiring and managing royalties and streams on mining properties, allowing it to generate revenue while minimising capital expenditures. The company has achieved notable milestones, including a diverse portfolio of high-quality assets and a strong market position, making it a trusted name among investors seeking stability in the volatile commodities market. With a commitment to sustainable practices, Royal Gold continues to set itself apart in the competitive landscape of the mining sector.
DitchCarbon Score
How does Royal 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 Precious Metal Production 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
Royal Gold's score of 23 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Royal Gold's reported carbon emissions
In 2024, Royal Gold, headquartered in the US, reported total carbon emissions of approximately 172,446,000 kg CO2e. This figure includes 137,719,000 kg CO2e from Scope 1 emissions, 34,727,000 kg CO2e from Scope 2, and 136,624,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions breakdown reveals significant contributions from purchased goods and services (56,677,000 kg CO2e) and upstream transportation and distribution (45,637,000 kg CO2e). Comparatively, in 2023, Royal Gold's emissions were recorded at 107,384,000 kg CO2e for Scope 1 alone, indicating a substantial increase in emissions in 2024. The company has not disclosed any specific reduction targets or initiatives, nor does it appear to have cascaded data from a parent organisation. Royal Gold's emissions data reflects its commitment to transparency in climate reporting, although it currently lacks defined reduction strategies or targets. The absence of such commitments may place the company at a disadvantage in an industry increasingly focused on sustainability and carbon neutrality.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 151,552,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 58,031,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | - | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | 000,000,000 |
How Carbon Intensive is Royal Gold's Industry?
How Carbon Intensive is Royal Gold's Location?
Royal Gold's Scope 3 Categories Breakdown
A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 44% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 41% of Scope 3 emissions.
Top Scope 3 Categories
Royal 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.
Royal 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.
