Centamin Sustainability Profile
Centamin PLC, a prominent gold mining company, is headquartered in Jersey (JE) and operates primarily in Egypt, where it has established a significant presence in the mineral exploration and extraction industry. Founded in 2009, Centamin has achieved notable milestones, including the successful development of the Sukari Gold Mine, which is Egypt's first large-scale modern gold mine. Specialising in gold production, Centamin is recognised for its commitment to sustainable mining practices and operational excellence. The company’s unique approach combines advanced technology with a focus on environmental stewardship, setting it apart in the competitive mining sector. With a strong market position, Centamin has consistently delivered impressive financial results, solidifying its reputation as a leader in the gold mining industry.
DitchCarbon Score
How does Centamin'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
Centamin's score of 16 is lower 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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Centamin's reported carbon emissions
In 2022, Centamin's total carbon emissions amounted to approximately 1,701,817,000 kg CO2e. This figure includes 505,486,000 kg CO2e from Scope 1 emissions, while Scope 2 emissions were reported as zero. The majority of their emissions, about 1,196,331,000 kg CO2e, fell under Scope 3, with significant contributions from purchased goods and services (546,951,000 kg CO2e) and capital goods (493,179,000 kg CO2e). Comparatively, in 2021, Centamin reported total emissions of about 1,701,693,000 kg CO2e, with Scope 1 emissions at 483,851,000 kg CO2e and Scope 3 emissions at 1,217,612,000 kg CO2e. The data indicates a slight increase in total emissions from 2021 to 2022. Centamin has not disclosed specific reduction targets or initiatives as part of their climate commitments. The company is classified as a merged entity under Centamin Limited, which may influence its emissions data and climate strategies. As of now, there are no specific climate pledges or SBTi targets reported, indicating a potential area for future development in their sustainability efforts.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 427,752,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | - | - |
| Scope 3 | 925,892,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Centamin's Industry?
How Carbon Intensive is Centamin's Location?
Centamin's Scope 3 Categories Breakdown
Centamin's Scope 3 emissions, which decreased by 2% last year and increased by approximately 29% since 2020, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 70% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 46% of Scope 3 emissions.
Top Scope 3 Categories
Centamin'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.
Centamin 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.
