ESG Mining Company Index: Can green mining become a reality?

The immediate need to reduce carbon emissions in mining and mineral processing is becoming a business necessity and as our exclusive data shows many companies are tackling the challenge head on. The Mining Journal Intelligence Mining Company ESG Index found that 61 of the biggest mining companies by market cap emitted 230Mt of CO2 equivalent emissions in 2023, based on the companies' own Scope 1 and 2 data. This is about 0.4% of all global carbon emissions.

Leaders in the path to green mining The least carbon-intensive producer was Lundin Gold. The Fruta del Norte mine in Ecuador, the company's sole producing asset, had a Scope 1 and 2 intensity of 0.08 tCO2e/oz gold, the lowest of any gold miner in the Mining Company ESG Index. To see the full list of the least carbon-intensive producers get the report here. BHP, the largest miner by market cap, paves its own story of success with the biggest reduction in emissions from 2021-2023, down 39.9%.

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