Triple Flag Precious Metals

Triple Flag Precious Metals's reported carbon emissions

Triple Flag Precious Metals Corp., headquartered in CA, operates within the precious metal ores and concentrates industry. **Carbon Emissions:** * **2024:** The company reported total greenhouse gas emissions of approximately 23.6 million kg CO2e. This figure comprises approximately 30,000 kg CO2e from Scope 2 emissions and approximately 23.6 million kg CO2e from Scope 3 emissions. Scope 3 emissions were predominantly driven by investments (approximately 23.5 million kg CO2e), with business travel accounting for around 145,000 kg CO2e and employee commutes for about 2,600 kg CO2e. Scope 1 emissions data was not available for this year. * **2023:** Total emissions were approximately 25.2 million kg CO2e. Scope 2 emissions were around 37,000 kg CO2e, and Scope 3 emissions totalled approximately 25.1 million kg CO2e, largely from investments (approximately 25.0 million kg CO2e), with business travel at approximately 177,000 kg CO2e and employee commutes at about 3,000 kg CO2e. Scope 1 emissions were not reported. * **2022:** Total emissions were approximately 15.0 million kg CO2e. Scope 2 emissions were approximately 321,000 kg CO2e, and Scope 3 emissions were approximately 15.0 million kg CO2e, with investments being the largest contributor (approximately 14.9 million kg CO2e). Business travel accounted for about 79,000 kg CO2e and employee commutes for around 3,000 kg CO2e. Scope 1 emissions were not disclosed. * **2021:** The company reported total emissions of approximately 14.2 million kg CO2e. Scope 2 emissions were approximately 16,000 kg CO2e, and Scope 3 emissions were approximately 14.2 million kg CO2e, with investments making up the vast majority (around 14.2 million kg CO2e). Business travel and employee commutes each contributed approximately 1,000 kg CO2e. Scope 1 emissions were not reported. * **2020:** Total emissions were approximately 11.3 million kg CO2e. Scope 2 emissions were about 30,000 kg CO2e, and Scope 3 emissions totalled approximately 11.3 million kg CO2e, primarily from investments (approximately 11.2 million kg CO2e). Business travel was around 67,000 kg CO2e, and employee commutes were about 1,000 kg CO2e. Scope 1 emissions were not disclosed. * **2019:** Total emissions were approximately 7.5 million kg CO2e, with Scope 2 at about 30,000 kg CO2e and Scope 3 at approximately 7.4 million kg CO2e. Investments were the largest component of Scope 3 (approximately 7.2 million kg CO2e), while business travel was around 201,000 kg CO2e and employee commutes about 3,000 kg CO2e. Scope 1 emissions were not reported. * **2018:** Total emissions were approximately 5.8 million kg CO2e, including approximately 90,000 kg CO2e from Scope 2 emissions. Scope 3 emissions were approximately 5.1 million kg CO2e from investments and about 603,000 kg CO2e from business travel, with employee commutes at around 9,000 kg CO2e. Scope 1 emissions were not disclosed. **Climate Commitments and Reduction Targets:** Triple Flag Precious Metals Corp. is committed to reducing its environmental impact, as evidenced by its Science Based Targets initiative (SBTi) commitments. * **Near-Term Target:** The company has committed to a 50% reduction in Scope 1 and Scope 2 greenhouse gas emissions by 2030, using 2018 as a baseline year. This target is classified as absolute and aims to align with a 1.5°C warming scenario. Additionally, the company has pledged to measure and reduce its Scope 3 emissions. * **Industry Context:** As a company in the precious metal ores and concentrates sector, Triple Flag Precious Metals Corp. is increasingly focusing on climate-related disclosures and reductions, aligning with broader industry trends towards sustainability.