The World Gold Council (WGC), headquartered in Great Britain, is a leading authority in the gold industry, focusing on the promotion and development of gold as an investment and a key component of the global economy. Founded in 1987, the WGC has played a pivotal role in shaping the gold market, advocating for responsible mining practices and sustainable development.
Operating primarily in the chemical and fertilizer minerals sector, the WGC's core services include market research, investment advocacy, and the promotion of gold's unique properties. The Council's commitment to transparency and ethical sourcing sets it apart in the industry, reinforcing gold's status as a trusted asset. With a strong market position, the WGC continues to influence global gold demand and investment trends, making significant contributions to the mining and quarrying sectors.
-4 vs industry average
World Gold Council’s score of 14 is lower than 41% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Salt and Mineral Mining has above-average carbon intensity
Industry performance
The Salt and Mineral Mining industry has reduced its overall emissions by 66% since 2019
Emissions trajectory 2020 – 2023
Reported emissions
Scope 3 accounts for ••• of total emissions.
World Gold Council's reported carbon emissions
The World Gold Council (WGC), operating within the chemical and fertilizer minerals, salt and other mining and quarrying products n.e.c. sector with its headquarters in Great Britain, has reported its carbon emissions for several years. In 2020, the organisation's total emissions were approximately 39.1 billion kg CO2e. This figure comprised Scope 1 emissions totalling around 14.2 billion kg CO2e and Scope 2 emissions amounting to approximately 17.1 billion kg CO2e. Scope 3 emissions were not disclosed for this year. In prior years, the WGC also reported emissions data. In 2018, Scope 1 emissions were approximately 18.0 million kg CO2e, and Scope 2 emissions were approximately 14.7 million kg CO2e. For 2017, Scope 1 emissions were about 13.2 million kg CO2e, with Scope 2 emissions at approximately 15.9 million kg CO2e. The World Gold Council's climate commitments include a target for the gold sector to reduce emissions by 80% by 2050 to align with a 'well-below' 2°C scenario. Furthermore, to align with a 1.5°C scenario, the sector would need to achieve reductions of 92% by or shortly after 2040. These are based on previous studies by the WGC.
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World Gold Council’s Climate Goals (2030 & 2050)
1 goal2050
80% reduction in Scope 1
Previous studies by the WGC have indicated that gold sector emissions need to be reduced by 80% by 2050 to be aligned with the ‘well-below’…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 1 climate goals
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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World Gold Council
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