Triple Flag Precious Metals Sustainability Profile
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 37 is higher than 70% 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 2024, Triple Flag Precious Metals, headquartered in Canada, reported total carbon emissions of approximately 23,599,000 kg CO2e, with Scope 1 emissions at 0 kg CO2e, Scope 2 emissions at about 30,000 kg CO2e, and Scope 3 emissions at approximately 23,569,000 kg CO2e. The Scope 3 emissions primarily stem from investments (about 23,451,000 kg CO2e), business travel (approximately 145,000 kg CO2e), and employee commuting (about 2,600 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 base year. This target has been approved through the Science Based Targets initiative (SBTi) and reflects a commitment to align with the 1.5°C climate goal. Additionally, Triple Flag Precious Metals is focused on measuring and reducing its Scope 3 emissions, which represent a significant portion of its overall carbon footprint. In previous years, emissions data shows a trend of increasing Scope 3 emissions, with 2023 reporting approximately 25,135,000 kg CO2e and 2022 at about 15,017,000 kg CO2e. The company’s proactive approach to climate action underscores its commitment to sustainability within the mining sector.
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| 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - | - | - |
| Scope 2 | 90,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | 5,697,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Triple Flag Precious Metals's Industry?
How Carbon Intensive is Triple Flag Precious Metals's Location?
Triple Flag Precious Metals's Scope 3 Categories Breakdown
Triple Flag Precious Metals's Scope 3 emissions, which decreased by 6% last year and increased by approximately 314% since 2016, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 99% of Scope 3 emissions.
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Triple Flag Precious Metals'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.
Triple Flag Precious Metals has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Triple Flag Precious Metals's sustainability data and climate commitments