Centamin
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 21 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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Centamin's reported carbon emissions
In 2022, Centamin reported total carbon emissions of approximately 1,701,817,000 kg CO2e. This figure includes Scope 1 emissions of about 505,486,000 kg CO2e and Scope 3 emissions of approximately 1,196,331,000 kg CO2e. Notably, there were no reported Scope 2 emissions for the year. Comparatively, in 2021, Centamin's total emissions were about 1,701,693,000 kg CO2e, with Scope 1 emissions at approximately 483,851,000 kg CO2e and Scope 3 emissions around 1,217,612,000 kg CO2e. In 2020, the company recorded total emissions of about 1,353,644,000 kg CO2e, with Scope 1 emissions of approximately 427,752,000 kg CO2e and Scope 3 emissions of about 925,892,000 kg CO2e. Despite these figures, Centamin has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented climate pledges or SBTi (Science Based Targets initiative) reduction targets suggests that the company may still be in the early stages of formalising its climate commitments. Centamin's headquarters is located in Jersey (JE), and the company operates within the mining sector, which is increasingly scrutinised for its environmental impact. As such, it is essential for Centamin to develop and communicate clear strategies for reducing emissions in line with industry standards and global climate goals.
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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 |
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.
Centamin is not participating in any 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.
