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) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 662,000a | 673,000a | 729,000a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 37,000a | 28,000a | 10,000a | |
Total Scope 3 | 1,026,000a | 1,025,000a | 969,000b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 348.0492a | 347.9345a | 420.7574a |
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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
In 2024, the total Scope 1 emissions of B2Gold were 662,000 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, B2Gold's Scope 1 emissions have increased by 18.64%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
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
In 2024, B2Gold reported Scope 2 greenhouse gas (GHG) emissions of 37,000 tCO₂e without specifying the calculation method.a
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 energya
In 2024, B2Gold reported its Scope 2 emissions using an unspecified methodology.a
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
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
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.
In 2024, the largest contributors to B2Gold's Scope 3 emissions were:a
In 2024, B2Gold reported Scope 1 greenhouse gas (GHG) emissions of 662,000 tCO₂e and total revenues of USD 1,902 millions. This translates into an emissions intensity of 348.05 tCO₂e per millions USD.a
In 2024, B2Gold reported a Scope 1 emissions intensity of 348.05 tCO₂e per millions USD. Compared to the peer group median of 177.03, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, B2Gold ranked 21 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places B2Gold among the least efficient performers, with one of the highest emissions intensities in its sector.a
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