Franco Nevada Sustainability Profile
Franco-Nevada Corporation, often referred to simply as Franco-Nevada, is a leading gold-focused royalty and streaming company headquartered in California. Established in 2007, the company has rapidly positioned itself as a key player in the mining industry, with significant operations across North America, South America, and Australia. Franco-Nevada's unique business model centres on acquiring and managing a diverse portfolio of royalties and streams, primarily in precious metals, which allows for reduced risk and enhanced financial returns. The company is renowned for its strong balance sheet and disciplined approach to capital allocation, making it a preferred partner for mining companies worldwide. With a commitment to sustainable practices and a robust market presence, Franco-Nevada continues to achieve notable milestones, solidifying its reputation as a leader in the resource sector.
DitchCarbon Score
How does Franco Nevada'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 Crude Oil Extraction 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
Franco Nevada's score of 18 is lower than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Franco Nevada's reported carbon emissions
In 2023, Franco-Nevada Corporation reported total carbon emissions of approximately 214,600 kg CO2e. This figure includes 63,900 kg CO2e from Scope 2 emissions and 150,700 kg CO2e from Scope 3 emissions, which encompasses significant contributions from business travel (100,600 kg CO2e) and purchased goods and services (26,300 kg CO2e). The previous year, 2022, saw a much higher total of about 558,807,900 kg CO2e, with Scope 2 emissions at 57,600 kg CO2e and Scope 3 emissions dominating at 558,750,300 kg CO2e, primarily driven by investments (558,640,000 kg CO2e). Franco-Nevada has not set specific reduction targets or initiatives as part of their climate commitments, nor do they participate in initiatives such as the Science Based Targets initiative (SBTi). The company’s emissions data is not cascaded from any parent organization, indicating that these figures are independently reported. Overall, while Franco-Nevada has made strides in reporting their emissions, the absence of reduction targets suggests a need for further commitment to climate action within the industry context.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - | - |
| Scope 2 | 54,600 | 00,000 | - | - | 00,000 | 00,000 | 00,000 |
| Scope 3 | 78,000 | 00,000 | 00,000 | 00,000 | 000,000,000 | 000,000,000 | 000,000 |
How Carbon Intensive is Franco Nevada's Industry?
How Carbon Intensive is Franco Nevada's Location?
Franco Nevada's Scope 3 Categories Breakdown
Franco Nevada's Scope 3 emissions, which decreased by 100% last year and increased by approximately 93% since 2017, demonstrating supply chain emissions tracking. Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Business Travel" being the largest emissions source at 67% of Scope 3 emissions.
Top Scope 3 Categories
Franco Nevada'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.
Franco Nevada 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.
