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 2023, 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 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2023202220212020 - 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

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a. Lundin Gold's Sustainability Report 2023
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Insights into Lundin Gold's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Lundin Gold amounted to 40,161 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 2022, the total operational greenhouse gas (GHG) emissions of Lundin Gold increased by 35.68%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Lundin Gold's Scope 1 Emissions Over Time

2022202307 k14 k21 k28 ktCO2e+16%
  • Total Scope 1
  • Year-over-Year Change

What are Lundin Gold's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Lundin Gold were 27,909 metric tons of CO₂ equivalent (tCO₂e). a

Compared to the previous year (2022), Lundin Gold's Scope 1 emissions increased by 16.17%, 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 2023, Lundin Gold reported Scope 2 greenhouse gas (GHG) emissions of 12,252 tCO₂e without specifying the calculation method. a

Has Lundin Gold reduced its Scope 2 emissions over time?

Compared to the previous year (2022), Lundin Gold's Scope 2 emissions (Unspecified Calculation Method) rose by 119.73% in 2023, 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 2023, Lundin Gold reported its Scope 2 emissions using an unspecified methodology. a

Lundin Gold's Scope 2 Emissions Over Time

2022202303.5 k7 k10.5 k14 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Lundin Gold's Value Chain Emissions

In 2023, Lundin Gold reported 159,953 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 2023 disclosure of Lundin Gold includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Lundin Gold's Scope 3 Emissions Over Time

20222023045 k90 k135 k180 ktCO2e-4%
  • Total Scope 3
  • Year-over-Year Change

What are Lundin Gold's Scope 3 emissions?

In 2023, Lundin Gold reported total Scope 3 emissions of 159,953 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

Compared to the previous year (2022), 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 2023, Lundin Gold reported emissions for 7 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 2023, the largest contributors to Lundin Gold's Scope 3 emissions were: a

  • Purchased Goods and Services (Cat. 1): 113,818 tCO₂e (90.05%)
  • Fuel- and Energy-Related Services (Cat. 3): 6,000 tCO₂e (4.75%)
  • Employee Commuting (Cat. 7): 3,631 tCO₂e (2.87%)

Lundin Gold's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(90.0%)Fuel- andEnergy-RelatedServices (Cat. 3)(4.7%)Employee Commuting(Cat. 7)(2.9%)

Insights into Lundin Gold's Total Carbon Footprint

In 2023, Lundin Gold reported a total carbon footprint of 200,114 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.92% increase compared to 2022, 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 79.93% of the company's total carbon footprint, followed by Scope 1 emissions at 13.95%. a

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