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Saracen Mineral Holdings Limited, commonly referred to as Saracen, is a prominent player in the precious metals industry, headquartered in Australia. Founded in 1988, the company has established itself as a significant force in gold production, primarily operating in Western Australia, a region renowned for its rich mineral resources.
Saracen focuses on the exploration, development, and production of gold, with a commitment to sustainable practices and community engagement. The company’s core operations include the Thunderbox and Carosue Dam gold mines, which are distinguished by their high-grade deposits and efficient processing capabilities.
With a strong market position, Saracen has achieved notable milestones, including substantial increases in production and reserves, solidifying its reputation as a reliable and innovative gold producer in the competitive mining sector.
-5 vs industry average
Saracen Mineral Holdings Limited’s score of 9 is lower than 38% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Precious Metal Production is among the most carbon-intensive industries
The Precious Metal Production industry has reduced its overall emissions by 32% since 2018
Scope 3 accounts for ••• of total emissions.
Saracen Mineral Holdings Limited, an Australian-headquartered precious metals company, reported its most recent carbon emissions for 2021. In that year, the company's total emissions were approximately 1,373,000,000 kg CO2e. This included Scope 1 emissions of around 692,000,000 kg CO2e, Scope 2 emissions of approximately 477,000,000 kg CO2e, and Scope 3 emissions totalling about 204,000,000 kg CO2e.
Looking back, Saracen Mineral Holdings Limited's Scope 1 and 2 emissions have shown fluctuations. In 2020, their combined Scope 1 and 2 emissions were around 693,000,000 kg CO2e. This figure increased from approximately 470,906,000 kg CO2e in 2019. Further back, in 2018, Scope 1 emissions were approximately 187,174,000 kg CO2e and Scope 2 emissions were about 64,000 kg CO2e. In 2017, these figures were about 185,225,000 kg CO2e for Scope 1 and 39,000 kg CO2e for Scope 2. The company has disclosed Scope 1 and 2 emissions since 2010, with earlier years showing lower figures, for instance, about 31,749,000 kg CO2e (Scope 1) and 38,000 kg CO2e (Scope 2) in 2010.
Saracen Mineral Holdings Limited currently does not have publicly available, specific carbon reduction targets, nor is it listed as a participant in initiatives like the Science Based Targets initiative (SBTi) or The Climate Pledge. Emissions data and other climate-related performance metrics are reported directly by Saracen Mineral Holdings Limited.
No climate goals have been disclosed for Saracen Mineral Holdings Limited yet.
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