Iamgold Sustainability Profile
Iamgold Corporation, commonly referred to as Iamgold, is a prominent gold mining company headquartered in Canada. Established in 1990, the company has developed a strong presence in key operational regions, including West Africa and North America. Iamgold is primarily engaged in the exploration, development, and production of gold, with a focus on sustainable mining practices. The company’s core offerings include gold production and exploration services, distinguished by its commitment to responsible mining and community engagement. Iamgold has achieved notable milestones, including the successful operation of several mines and a robust portfolio of development projects. With a solid market position, Iamgold continues to be recognised for its operational excellence and dedication to environmental stewardship in the mining industry.
DitchCarbon Score
How does Iamgold'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
Iamgold'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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Iamgold's reported carbon emissions
In 2023, Iamgold reported total carbon emissions of approximately 483.3 million kg CO2e, all of which were classified as Scope 1 emissions, indicating direct emissions from owned or controlled sources. The company has not disclosed any Scope 2 or Scope 3 emissions data for this year. In 2022, Iamgold's total emissions were approximately 639.0 million kg CO2e, comprising about 638.4 million kg CO2e from Scope 1 and about 622,000 kg CO2e from Scope 2 emissions. This reflects a significant reduction from 2021, where total emissions reached approximately 698.1 million kg CO2e, driven primarily by a decrease in Scope 1 emissions. Despite these figures, Iamgold has not set specific reduction targets or initiatives as part of their climate commitments, nor have they reported any Science-Based Targets Initiative (SBTi) reduction targets. The absence of a formal climate pledge further indicates a need for enhanced climate action strategies within the organisation. Overall, while Iamgold has made strides in reducing its emissions, particularly in Scope 1, the lack of comprehensive data on Scope 2 and Scope 3 emissions, along with the absence of formal reduction targets, highlights an area for potential improvement in their climate commitments.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 512,587,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 982,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | - |
| Scope 3 | 5,398,000 | 0,000,000 | 00,000,000 | - | - | - | - |
How Carbon Intensive is Iamgold's Industry?
How Carbon Intensive is Iamgold's Location?
Iamgold'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.
Iamgold 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.
