Triple Flag Precious Metals
Triple Flag Precious Metals Corp., headquartered in California, is a prominent player in the precious metals streaming and royalty industry. Founded in 2016, the company has rapidly established itself as a leader in providing innovative financing solutions to mining companies, primarily in North America and other key operational regions. Specialising in gold and silver streams, Triple Flag offers unique financial structures that enable miners to optimise their capital while minimising risk. The company's commitment to responsible mining practices and sustainable development sets it apart in a competitive market. With a robust portfolio and strategic partnerships, Triple Flag has achieved significant milestones, positioning itself as a trusted partner in the precious metals sector.
DitchCarbon Score
How does Triple Flag Precious Metals'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 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
Triple Flag Precious Metals's score of 16 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Triple Flag Precious Metals's reported carbon emissions
In 2023, Triple Flag Precious Metals reported total carbon emissions of approximately 25,172,000 kg CO2e. This figure includes 37,000 kg CO2e from Scope 2 emissions and a significant 25,135,000 kg CO2e from Scope 3 emissions, which primarily stem from investments (24,955,000 kg CO2e) and business travel (177,000 kg CO2e). The company has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 greenhouse gas emissions by 50% by 2030, using 2018 as the baseline year. This target has been validated by the Science Based Targets initiative (SBTi) and is aligned with the goal of limiting global warming to 1.5°C. Additionally, Triple Flag Precious Metals is committed to measuring and reducing its Scope 3 emissions, which represent the majority of its carbon footprint. Over the past few years, the company has shown a trend in emissions, with total emissions decreasing from approximately 15,049,000 kg CO2e in 2022 and 14,223,000 kg CO2e in 2021. This reflects a proactive approach to sustainability within the mining sector, particularly in the context of precious metals and rare minerals. Overall, Triple Flag Precious Metals is taking significant steps towards reducing its carbon footprint and addressing climate change, with a clear focus on both operational and investment-related emissions.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - |
| Scope 2 | 90,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | 5,697,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
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.
Triple Flag Precious Metals is participating in some 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.
