Climate Change Data

World Gold Council

Climate Impact & Sustainability Data (2020)

Reporting Period: 2020

Environmental Metrics

ESG Focus Areas

  • Global Partnerships
  • Social Inclusion
  • Economic Development
  • Responsible Operations, Energy and the Environment

Environmental Achievements

  • Reduced water footprint through improved efficiency and recycling.
  • Increased use of renewable energy sources (solar, hydro).
  • Implementation of dry stack tailings facilities to prevent leaching.
  • Land reclamation and restoration projects.
  • Biodiversity conservation initiatives (e.g., habitat creation, species protection).

Social Achievements

  • Launched Women in Mining programs to increase female representation and empowerment.
  • Implemented financial literacy programs to improve employee well-being.
  • Supported local communities through job creation, skills training, and infrastructure development.
  • Established partnerships with local businesses to increase procurement.
  • Implemented initiatives to address gender inequality and promote human rights.

Governance Achievements

  • Implementation of the Responsible Gold Mining Principles (RGMPs).
  • Adoption of the Conflict-Free Gold Standard.
  • Linking executive compensation to ESG performance (e.g., biodiversity).

Climate Goals & Targets

Environmental Challenges

  • Water scarcity in some operating regions.
  • Climate change impacts (extreme weather events).
  • Addressing the negative impacts of artisanal and small-scale gold mining (ASGM).
  • Gender inequality in the workforce and communities.
  • Poverty and inequality in host communities.
Mitigation Strategies
  • Investing in water infrastructure and efficient water management practices.
  • Implementing climate change adaptation and mitigation strategies.
  • Supporting the formalization of responsible ASGM and promoting alternative livelihoods.
  • Implementing programs to promote gender equality and women's empowerment.
  • Investing in community development initiatives to reduce poverty and inequality.

Supply Chain Management

Responsible Procurement
  • Local procurement initiatives
  • Support for SMEs

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Opportunities
  • Development of energy-efficient technologies

Reporting Standards

Frameworks Used: UN Guiding Principles on Business and Human Rights, OECD Due Diligence Guidance for Responsible Sourcing of Minerals, Extractive Industries Transparency Initiative, Voluntary Principles on Security and Human Rights, International Cyanide Management Code

Third-party Assurance: Credible, independent assurance provider (mentioned but not specified).

UN Sustainable Development Goals

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 12
  • 13
  • 15
  • 16
  • 17

The report details how the gold mining industry's activities contribute to these SDGs through various initiatives.

Awards & Recognition

  • TSM Environmental Excellence award (IAMGOLD)