GlobalData offers a comprehensive analysis of AngloGold Ashanti, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on AngloGold Ashanti‘s ESG performance. GlobalData’s company profile on AngloGold Ashanti offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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AngloGold Ashanti, a mining company, has set target for net zero by 2050. The company aims to achieve a 30% absolute reduction in Scope 1 and 2 greenhouse gas (GHG) emissions by 2030 compared to 2021. AngloGold Ashanti recognizes the importance of water stewardship in mining and plans to deepen its understanding and response to climate change while strengthening governance and embedding climate risk considerations into decision-making processes. In terms of carbon emissions, AngloGold Ashanti achieved a 67% reduction in absolute Greenhouse Gas (GHG) emissions since 2007, whereas, energy-related absolute Scope 1 and 2 GHG emissions increased by 7% in 2022 compared to the previous year. In 2022, the company reported total Scope 1 and 2 GHG emissions of 1,475 kilotonnes, and GHG emissions intensity of 33.43 (kilograms of GHG per tonne treated).
The company's emissions were still marginally below their forecast energy-related carbon budget. The company plans to reduce emissions through a combination of renewable energy projects, fleet electrification, and lower-emission power sources. Approximately 60% of the planned emissions reductions came from large renewable energy projects, including wind and solar projects in Australia and solar-power plants in Guinea and Ghana.
AngloGold Ashanti has already taken steps to reduce emissions. They are close to completing two clean grid initiatives, including switching from diesel generation to the national power grid in Tanzania and transitioning to full hydro-grid power in Brazil. The company is also exploring options such as converting trucks to use dual fuel (diesel or hydrogen) in Colombia and linking to a green grid and mine electrification in Nevada. The capital cost required to achieve these emissions reductions is estimated to be around $1.1 billion, with funding coming from AngloGold Ashanti and third-party sources.
Overall, AngloGold Ashanti is committed to reducing its carbon emissions and achieving its net-zero targets. They are investing in renewable energy projects and cleaner power sources to drive emissions reductions. By implementing these initiatives, the company aims to significantly reduce its environmental impact and contribute to global efforts to combat climate change.
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