Business
Eldorado Gold Publishes Inaugural Climate Change and Greenhouse Gas Emissions (GHG) Report; Sets Target of Mitigating GHG Emissions by 30% by 2030
VANCOUVER, British Columbia, Feb. 08, 2022 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation, (“Eldorado” or the “Company”) is pleased to announce that today, the C
About this update from Eldorado Gold Corporation
[{"type":"text","content":" VANCOUVER, British Columbia, Feb. 08, 2022 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation, (“Eldorado” or the “Company”) is pleased to announce that today, the Company published its inaugural Climate Change and Greenhouse Gas (“GHG”) Emissions Report (the “Report”) and has set a target to mitigate GHG emissions. The Report is available on Eldorado Gold’s website (https://www.eldoradogold.com/responsibility). Report Highlights Eldorado’s inaugural report supports our phased alignment with the recommendations of the Task Force on Climate-related Financial Disclosures (“TCFD”) and details the Company’s governance, strategy, risk management, metrics, and targets around climate change risks and opportunities. A target of mitigating GHG emissions by 30%, from 2020 levels, by 2030 on a ‘business as usual’ basis; equal to approximately 65,000 tonnes of carbon dioxide equivalent (“tCO2e”). To achieve this target Eldorado is focused on pursuing decarbonization through four key pathways including: measuring and monitoring; operational efficiencies and continuous improvement; technologies, processes, and energy generation; and energy procurement and strategy. The Company has completed a preliminary physical and transitional climate scenario risk analysis to begin developing and implementing mitigation measures that build resilience into our business practices. “Responsible mining is at the foundation of our business, and this report is a culmination of more than two years of work completed by our global teams,” said George Burns, President and CEO. “We have made tremendous progress to better understand and address climate-related risks and opportunities facing our business which will help us achieve our GHG emissions target and support our journey to decarbonization. We are committed to implementing sustainability from the ground up in all aspects of our business, including doing our part to mitigate our environmental impacts, improve the resiliency of our business and work in cooperation with communities in the face of climate change.” Eldorado’s Climate Action and Progress Eldorado has been tracking and reporting on our GHG emissions since 2016. We have made progress in several areas. In 2021, we formally launched Eldorado’s Sustainability Integrated Management System (“SIMS”), which provides a set of company-wide minimum performance stan...