Barrick Gold Corporation, commonly referred to as Barrick Gold, is a leading player in the chemical and fertiliser minerals, salt, and other mining and quarrying products sector. Headquartered in Toronto, Canada, the company operates across various regions, including North America, South America, Africa, and Australia, reflecting its extensive global footprint. Founded in 1983, Barrick has established itself as a prominent entity within the mining industry, with a focus on gold and copper extraction, alongside other mineral resources.
The company’s core offerings include gold and copper mining, with a reputation for operational excellence and sustainable practices. Barrick’s notable achievements include being one of the world's largest gold producers, recognised for its innovative approaches to resource management and environmental stewardship. Its market position underscores its significance within the industry, driven by a commitment to responsible mining and long-term value creation.
+11 vs industry average
Barrick Gold’s score of 29 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Salt and Mineral Mining has above-average carbon intensity
Industry performance
The Salt and Mineral Mining industry has reduced its overall emissions by 66% since 2019
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Barrick Gold's reported carbon emissions
Barrick Gold, a company operating in the chemical and fertilizer minerals, salt, and other mining and quarrying products sector with its headquarters in CA, has reported its carbon emissions across various scopes.
For 2024, Barrick Gold reported Scope 1 emissions of approximately 1,866,000,000 kg CO2e and Scope 2 (location-based) emissions of approximately 7,305,000,000 kg CO2e, resulting in a combined Scope 1 and 2 total of approximately 9,171,000,000 kg CO2e. In 2023, Scope 1 emissions were approximately 1,800,000,000 kg CO2e and Scope 2 (location-based) emissions were approximately 6,800,000,000 kg CO2e, totalling approximately 8,600,000,000 kg CO2e for Scope 1 and 2.
The company previously reported Scope 1 and 2 emissions using market-based methods for earlier years: 6,705,000,000 kg CO2e in 2022, 7,105,000,000 kg CO2e in 2021, and 7,527,000,000 kg CO2e in 2020. In 2019, Scope 1 and 2 emissions were approximately 7,654,000,000 kg CO2e, and in 2018, they were approximately 7,541,000,000 kg CO2e. Earlier data includes Scope 1 and 2 emissions of approximately 3,322,000,000 kg CO2e in 2017, 3,461,000,000 kg CO2e in 2016, 3,372,600,000 kg CO2e in 2015, and 3,327,500,000 kg CO2e in 2014.
Barrick Gold has set climate targets, including a commitment to achieve net zero emissions by 2030. They previously aimed for a near-term reduction of at least 30% in Scope 1 and Scope 2 emissions by 2030 against a 2018 baseline of 7,541,000,000 kg CO2e per annum, with an interim target of 15% reduction. The company reported meeting this 15% short-term reduction target ahead of schedule in 2023, achieving a 16% reduction. However, emissions saw an increase in 2024 due to operational activities, which were expected and are considered part of their long-term strategy towards lower-carbon production. Scope 3 emissions data is not yet fully disclosed.
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Barrick Gold’s Climate Goals (2030 & 2050)
4 goals2025
15% reduction in Scope 2
• Short-term – reduce our GHG emissions by 15% from our 2018 baseline of 7,541kt CO2e by 2025 – and met this target ahead of schedule, deliv…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Barrick Gold
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