Torex Gold Resources Inc. Sustainability Profile
Torex Gold Resources Inc., a prominent player in the mining industry, is headquartered in Canada and primarily operates in the Guerrero Gold Belt of Mexico. Founded in 2010, the company has rapidly established itself as a leader in gold exploration and production, with significant milestones including the successful launch of its El Limón-Guajes mine. Torex Gold focuses on the extraction of high-quality gold, leveraging advanced mining techniques and a commitment to sustainable practices. Its flagship operation is renowned for its robust resource base and efficient production capabilities, setting it apart in a competitive market. With a strong emphasis on safety and environmental stewardship, Torex Gold has garnered recognition for its responsible mining initiatives, positioning itself as a trusted name in the global gold sector.
DitchCarbon Score
How does Torex Gold Resources Inc.'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
Torex Gold Resources Inc.'s score of 36 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Torex Gold Resources Inc.'s reported carbon emissions
In 2023, Torex Gold Resources Inc., headquartered in Canada, reported total greenhouse gas emissions of approximately 112,078,000 kg CO2e for Scope 1 and 111,227,000 kg CO2e for Scope 2, resulting in a combined total of about 223,305,000 kg CO2e. This marks an increase from 2022, where emissions were approximately 100,032,000 kg CO2e for Scope 1 and 103,484,000 kg CO2e for Scope 2, totalling around 203,515,000 kg CO2e. Torex Gold has set ambitious climate commitments, aiming for a 10% reduction in absolute Scope 1 and 2 GHG emissions by 2030, using a 2021 baseline. Additionally, the company has a long-term goal to achieve net-zero GHG emissions by 2050 across all scopes. Notably, they anticipate a significant reduction of up to 95% in CO2 emissions due to the absence of diesel trucks and heavy equipment, which is expected to enhance workplace safety and reduce environmental impact. The company’s emissions data is not cascaded from any parent organization, indicating that these figures are independently reported. Torex Gold's commitment to sustainability reflects a proactive approach to addressing climate change within the mining sector.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 88,380,610 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 109,099,790 | 000,000,000 | 00,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - |
How Carbon Intensive is Torex Gold Resources Inc.'s Industry?
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Torex Gold Resources Inc.'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.
Torex Gold Resources Inc. 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.
