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Barrick Gold says 30% greenhouse gas reduction possible by decade end

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(Kitco News) - Barrick Gold said Thursday that technological advances had enabled the company to update its 2030 emissions reduction target from 10% to 30% against its 2018 baseline.

The company released an updated 2020 Sustainability Report today.

In the report, CEO Mark Bristow outlines a road map to reduce greenhouse gas emissions at its various operations.

"Our current roadmap includes energy efficiency measures across the group and ambitious plans for more solar power in Mali and Nevada, and the conversion of a power station in Nevada from coal to natural gas. It also details our achievements to date with new battery technology installed to augment our hydropower stations in the Democratic Republic of Congo, and the conversion of our power station in the Dominican Republic from heavy fuel oil to cleaner energy sources," Bristow said in a news release.

The company also measured its corporate citizenship and gave itself an overall grade, said group sustainability executive Grant Beringer.

"In 2020, there was a marked improvement against most metrics and we improved our overall score. The fact that we still gave ourselves a B grade shows we realize that we still have some way to go and that there is no room for complacency. In keeping with our target of continued improvement, this year's scorecard includes additional metrics which will be used to assess our 2021 performance," Beringer said.

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