Senior gold miner Evolution commits to net zero by 2050
(Kitco News) - Australia-focused gold mining company Evolution Mining (ASX:EVN) today announced its commitment to reducing greenhouse gas emissions in alignment with the climate change goals of the Paris Agreement.
The company said it is committed to reducing greenhouse gas emissions by 30% by 2030 (Scope 1 and 2 from a FY20 baseline) and achieving net zero greenhouse gas emissions by 2050 (or earlier). To achieve these new emission reduction goals, detailed planning of emission reductions and project assessment modelling is underway.
Evolution's mid to long-term carbon reduction pathways will include: partnerships with industry, government and supply chains to maximise use of low-emission solutions; technology roadmaps to support process and efficiency improvements; integration of carbon reduction plans within the company's business planning framework; improved transparency in reporting progress and performance.
Executive Chairman Jake Klein said, "We have always put environmental and social concerns at the forefront of our operations. Now we're publicly committing to bolder, more tangible action as we align our business with the transition to net zero."
Evolution Mining is a leading gold miner. Evolution operates five wholly-owned mines – Cowal in New South Wales, Mt Rawdon and Mt Carlton in Queensland, Mungari in Western Australia, and Red Lake in Ontario, Canada. In addition, Evolution holds an economic interest in the Ernest Henry copper-gold mine in Queensland.