B2Gold Corp

Common Name
B2Gold
Country
Canada
Sector
Basic Materials
Industry
Gold
Employees
N/A
Ticker
BTO
Exchange
TORONTO STOCK EXCHANGE
Description
B2Gold Corp is a prominent name in the mining industry, primarily engaged in the exploration and production of precious metals, with a strong focus on gold. Founded in 2007, this Canadian-based compan...

B2Gold's GHG Emissions Data Preview

In 2024, B2Gold completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

B2Gold has also provided a category-level breakdown for 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind B2Gold’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore B2Gold’s data sources below and access millions more through our Disclosure Search.

a. B2Gold's Climate Change Strategy Report 2024
a. B2Gold's Climate Change Strategy Report 2024
b. B2Gold's Climate Change Strategy Report 2023
b. B2Gold's Climate Change Strategy Report 2023

Insights into B2Gold's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of B2Gold amounted to 699,000 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of B2Gold decreased by 0.29%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

B2Gold's Scope 1 Emissions Over Time

2019202020212022202320240200 k400 k600 k800 ktCO2e+14%+13%+1%-8%-2%
  • Total Scope 1
  • Year-over-Year Change

What are B2Gold's Scope 1 emissions?

In 2024, the total Scope 1 emissions of B2Gold were 662,000 metric tons of CO₂ equivalent (tCO₂e). a

Has B2Gold reduced its Scope 1 emissions over time?

Since 2019, B2Gold's Scope 1 emissions have increased by 18.64%, reflecting a rising long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2023), B2Gold's Scope 1 emissions decreased by 1.63%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are B2Gold's Scope 2 emissions?

In 2024, B2Gold reported Scope 2 greenhouse gas (GHG) emissions of 37,000 tCO₂e without specifying the calculation method. a

Has B2Gold reduced its Scope 2 emissions over time?

Compared to the previous year (2023), B2Gold's Scope 2 emissions (Unspecified Calculation Method) rose by 32.14% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a

What methodology does B2Gold use for Scope 2 reporting?

In 2024, B2Gold reported its Scope 2 emissions using an unspecified methodology. a

B2Gold's Scope 2 Emissions Over Time

2020202120222023202409.5 k19 k28.5 k38 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into B2Gold's Value Chain Emissions

In 2024, B2Gold reported 1,026,000 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2024 disclosure of B2Gold includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

B2Gold's Scope 3 Emissions Over Time

2022202320240300 k600 k900 k1.2 MtCO2e+6%0%
  • Total Scope 3
  • Year-over-Year Change

What are B2Gold's Scope 3 emissions?

In 2024, B2Gold reported total Scope 3 emissions of 1,026,000 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a

Compared to the previous year (2023), B2Gold's Scope 3 emissions remained relatively stable, indicating that B2Gold 's emissions have plateaued with no significant change in its value chain footprint. a

What categories of Scope 3 emissions does B2Gold disclose?

In 2024, B2Gold reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of B2Gold's Scope 3 emissions?

In 2024, the largest contributors to B2Gold's Scope 3 emissions were: a

  • Capital Goods (Cat. 2): 433,000 tCO₂e (42.2%)
  • Purchased Goods and Services (Cat. 1): 384,000 tCO₂e (37.43%)
  • Fuel- and Energy-Related Services (Cat. 3): 165,000 tCO₂e (16.08%)

B2Gold's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(37.4%)Capital Goods(Cat. 2)(42.2%)Fuel- andEnergy-RelatedServices (Cat. 3)(16.1%)

Insights into B2Gold’s GHG Emissions Intensity Compared to Industry Peers

In 2024, B2Gold reported Scope 1 greenhouse gas (GHG) emissions of 662,000 tCO₂e and total revenues of USD 2,623 millions. This translates into an emissions intensity of 252.41 tCO₂e per millions USD. a

B2Gold's Scope 1 Emissions Intensity Compared to Peers

5,00050,000500,0005,000,00050,000,000Scope 1 Emissions (tCO2e)202001,00010,000100,000Revenues (Millions of USD)Pan American SilverYear: 2024Scope 1: 294,022 tCO2eRevenue: $M 3,887Scope 1 Intensity: 75.64 tCO2e/$MAlamos GoldYear: 2024Scope 1: 158,159 tCO2eRevenue: $M 1,347Scope 1 Intensity: 117.42 tCO2e/$MMercer InternationalYear: 2023Scope 1: 424,023 tCO2eRevenue: $M 1,994Scope 1 Intensity: 212.67 tCO2e/$MAgnico Eagle MinesYear: 2024Scope 1: 1,119,142 tCO2eRevenue: $M 11,425Scope 1 Intensity: 97.95 tCO2e/$MNew GoldYear: 2023Scope 1: 142,937 tCO2eRevenue: $M 786Scope 1 Intensity: 181.74 tCO2e/$MFirst Quantum MineralsYear: 2024Scope 1: 1,700,000 tCO2eRevenue: $M 4,802Scope 1 Intensity: 354.02 tCO2e/$MEldorado GoldYear: 2024Scope 1: 110,424 tCO2eRevenue: $M 1,825Scope 1 Intensity: 60.50 tCO2e/$MEquinox GoldYear: 2023Scope 1: 278,145 tCO2eRevenue: $M 1,088Scope 1 Intensity: 255.60 tCO2e/$MIAMGOLDYear: 2024Scope 1: 483,348 tCO2eRevenue: $M 2,252Scope 1 Intensity: 214.65 tCO2e/$MMethanexYear: 2023Scope 1: 3,871,000 tCO2eRevenue: $M 3,723Scope 1 Intensity: 1,039.62 tCO2e/$MBarrick MiningYear: 2024Scope 1: 6,127,000 tCO2eRevenue: $M 17,857Scope 1 Intensity: 343.12 tCO2e/$MHudbay MineralsYear: 2024Scope 1: 287,000 tCO2eRevenue: $M 2,793Scope 1 Intensity: 102.75 tCO2e/$MNutrienYear: 2024Scope 1: 9,450,000 tCO2eRevenue: $M 35,814Scope 1 Intensity: 263.87 tCO2e/$MCapstone CopperYear: 2023Scope 1: 422,037 tCO2eRevenue: $M 1,346Scope 1 Intensity: 313.66 tCO2e/$MOceanaGoldYear: 2023Scope 1: 183,946 tCO2eRevenue: $M 1,026Scope 1 Intensity: 179.23 tCO2e/$MWest Fraser TimberYear: 2024Scope 1: 649,448 tCO2eRevenue: $M 8,532Scope 1 Intensity: 76.12 tCO2e/$MIvanhoe MinesYear: 2024Scope 1: 294,889 tCO2eRevenue: $M 41Scope 1 Intensity: 7,224.48 tCO2e/$MLundin MiningYear: 2024Scope 1: 715,289 tCO2eRevenue: $M 4,720Scope 1 Intensity: 151.56 tCO2e/$MDPM MetalsYear: 2023Scope 1: 38,847 tCO2eRevenue: $M 520Scope 1 Intensity: 74.69 tCO2e/$MLundin GoldYear: 2024Scope 1: 35,401 tCO2eRevenue: $M 1,649Scope 1 Intensity: 21.47 tCO2e/$MB2GoldYear: 2024Scope 1: 662,000 tCO2eRevenue: $M 2,623Scope 1 Intensity: 252.41 tCO2e/$M

How does B2Gold's GHG emissions intensity compare to its peers?

In 2024, B2Gold reported a Scope 1 emissions intensity of 252.41 tCO₂e per millions USD. Compared to the peer group median of 180.49 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does B2Gold rank on GHG emissions intensity within its industry?

In 2024, B2Gold ranked 14 out of 20 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

B2Gold is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into B2Gold's Total Carbon Footprint

In 2024, B2Gold reported a total carbon footprint of 1,725,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.06% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to B2Gold's total carbon footprint was Scope 3 emissions, accounting for 59.48% of the company's total carbon footprint, followed by Scope 1 emissions at 38.38%. a

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