World Gold Council Sustainability Profile
The World Gold Council (WGC), headquartered in Great Britain, is a leading authority in the gold industry, dedicated to promoting the role of gold in a sustainable financial system. Founded in 1987, the WGC has played a pivotal role in advancing gold's value and utility across various sectors, including investment, jewellery, and technology. With a strong presence in key markets such as Asia, North America, and Europe, the WGC focuses on research, market development, and advocacy, providing insights that drive informed decision-making. Its core services include market analysis, policy advocacy, and educational initiatives, all aimed at enhancing the understanding and appreciation of gold. Recognised for its commitment to responsible gold sourcing and sustainability, the WGC has established itself as a trusted leader in the industry, influencing global gold standards and practices.
DitchCarbon Score
How does World Gold Council'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 Salt and Mineral 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
World Gold Council's score of 27 is lower than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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World Gold Council's reported carbon emissions
In 2020, the World Gold Council (WGC) reported total greenhouse gas emissions of approximately 39,053,900,000 kg CO2e, with Scope 1 emissions accounting for about 14,153,352,000 kg CO2e and Scope 2 emissions at approximately 17,085,478,000 kg CO2e. The WGC has set ambitious climate commitments, aiming for a 30% reduction in greenhouse gas emissions by 2030 from a 2020 baseline, focusing on both Scope 1 and Scope 2 emissions through enhanced electrification and energy-reduction strategies. Additionally, the WGC has indicated that the gold sector must achieve an 80% reduction in emissions by 2050 to align with the 'well-below' 2°C scenario, or a 92% reduction by 2040 to meet the 1.5°C target. These targets reflect the WGC's commitment to addressing climate change and reducing the environmental impact of gold production. The emissions data is not cascaded from any parent organization, indicating that the WGC independently reports its emissions and climate initiatives.
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| 2017 | 2018 | 2020 | |
|---|---|---|---|
| Scope 1 | 13,197,000 | 00,000,000 | 00,000,000,000 |
| Scope 2 | 15,931,000 | 00,000,000 | 00,000,000,000 |
| Scope 3 | - | - | - |
How Carbon Intensive is World Gold Council's Industry?
How Carbon Intensive is World Gold Council's Location?
World Gold Council'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.
World Gold Council 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.
