Lundin Gold Inc

Common Name
Lundin Gold
Country
Canada
Sector
Basic Materials
Industry
Gold
Employees
N/A
Ticker
LUG
Exchange
TORONTO STOCK EXCHANGE
Description
Lundin Gold Inc. is a prominent mining company engaged in the exploration and production of gold. The company's main operation is the Fruta del Norte project in southeastern Ecuador, which is one of t...

Lundin Gold's GHG Emissions Data Preview

In 2024, Lundin Gold 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).

Lundin Gold 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 Lundin Gold’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 Lundin Gold’s data sources below and access millions more through our Disclosure Search.

a. Lundin Gold's Sustainability Report 2024
a. Lundin Gold's Sustainability Report 2024
b. Lundin Gold's Sustainability Report 2023
b. Lundin Gold's Sustainability Report 2023

Insights into Lundin Gold's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Lundin Gold amounted to 49,452 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 Lundin Gold increased by 23.13%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Lundin Gold's Scope 1 Emissions Over Time

20222023202409 k18 k27 k36 ktCO2e+16%+27%
  • Total Scope 1
  • Year-over-Year Change

What are Lundin Gold's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Lundin Gold were 35,401 metric tons of CO₂ equivalent (tCO₂e). a

Has Lundin Gold reduced its Scope 1 emissions over time?

Since 2022, Lundin Gold's Scope 1 emissions have increased by 47.36%, reflecting a rising long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2023), Lundin Gold's Scope 1 emissions increased by 26.84%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Lundin Gold's Scope 2 emissions?

In 2024, Lundin Gold reported Scope 2 greenhouse gas (GHG) emissions of 14,051 tCO₂e without specifying the calculation method. a

Has Lundin Gold reduced its Scope 2 emissions over time?

Since 2022, Lundin Gold's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have increased by 151.99%, reflecting a rising long-term trend in Scope 2 emissions over time. a b

Compared to the previous year (2023), Lundin Gold's Scope 2 emissions (Unspecified Calculation Method) rose by 14.68% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a

What methodology does Lundin Gold use for Scope 2 reporting?

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

Lundin Gold's Scope 2 Emissions Over Time

20222023202404 k8 k12 k16 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Lundin Gold's Value Chain Emissions

In 2024, Lundin Gold reported 174,105 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 Lundin Gold 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

Lundin Gold's Scope 3 Emissions Over Time

202220232024045 k90 k135 k180 ktCO2e-4%+9%
  • Total Scope 3
  • Year-over-Year Change

What are Lundin Gold's Scope 3 emissions?

In 2024, Lundin Gold reported total Scope 3 emissions of 174,105 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 99.98% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0.02% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Lundin Gold reduced its Scope 3 emissions over time?

Since 2022, Lundin Gold's Scope 3 emissions have remained relatively stable, indicating that Lundin Gold 's emissions have plateaued with no significant change in its value chain footprint. a b

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

What categories of Scope 3 emissions does Lundin Gold disclose?

In 2024, Lundin Gold 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 Lundin Gold's Scope 3 emissions?

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

  • Purchased Goods and Services (Cat. 1): 86,447 tCO₂e (49.65%)
  • Capital Goods (Cat. 2): 44,847 tCO₂e (25.76%)
  • Upstream Transportation and Distribution (Cat. 4): 30,844 tCO₂e (17.72%)

Lundin Gold's Scope 3 Emissions by Categories

Capital Goods(Cat. 2)(25.8%)Purchased Goods andServices (Cat. 1)(49.7%)UpstreamTransportation andDistribution(Cat. 4)(17.7%)

Insights into Lundin Gold’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Lundin Gold reported Scope 1 greenhouse gas (GHG) emissions of 35,401 tCO₂e and total revenues of USD 1,649 millions. This translates into an emissions intensity of 21.47 tCO₂e per millions USD. a

Lundin Gold'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: $M 1,347Scope 1 Intensity: 117.42 tCO2e/$MB2GoldYear: 2024Scope 1: 662,000 tCO2eRevenue: $M 2,623Scope 1 Intensity: 252.41 tCO2e/$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 Majestic SilverYear: 2023Scope 1: 54,678 tCO2eRevenue: $M 576Scope 1 Intensity: 94.86 tCO2e/$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: $M 1,649Scope 1 Intensity: 21.47 tCO2e/$M

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

In 2024, Lundin Gold reported a Scope 1 emissions intensity of 21.47 tCO₂e per millions USD. Compared to the peer group median of 179.23 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Lundin Gold rank on GHG emissions intensity within its industry?

In 2024, Lundin Gold ranked 1 out of 19 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Lundin Gold among the top performers, with one of the lowest emissions intensities relative to peers. a

Insights into Lundin Gold's Total Carbon Footprint

In 2024, Lundin Gold reported a total carbon footprint of 223,557 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 11.71% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Lundin Gold's total carbon footprint was Scope 3 emissions, accounting for 77.88% of the company's total carbon footprint, followed by Scope 1 emissions at 15.84%. a

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