Source: IAMGOLD
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  • IAMGOLD Corporation (IMG) is committing to reducing its emissions to as close to zero as possible by no later than 2050
  • Initially, the company will focus on reducing its largest sources of emissions
  • IAMGOLD is also committed to achieving net-positive biodiversity, where the company will commit to creating more habitat than it disturbs
  • IAMGOLD is a mid-tier gold mining company operating in North America, South America and West Africa
  • IAMGOLD Corporation (IMG) is up 2.88 per cent, trading at $2.86 per share

IAMGOLD Corporation (IMG) is committing to reducing its emissions to as close to zero as possible by no later than 2050.

Initially, the company will focus on reducing its largest sources of emissions: heavy and light vehicle fleets and power generation.

Reversing the effects of climate change requires not only that emissions be reduced, but that substantial amounts of existing greenhouse gases (GHG) also be removed from the atmosphere.

As part of this target, IAMGOLD is committing to achieving net-positive biodiversity, where the company will commit to creating more habitat than it disturbs.

The company will pursue opportunities at its operating sites, investing in nature-based solutions that promote biodiversity and act as carbon sinks.

Gordon Stothart, president and CEO of IAMGOLD, commented on the target.

“In our view, reversing the effects of climate change does not mean stabilizing emissions; it demands that we reduce the total volume of greenhouse gases going into the atmosphere and the world’s oceans year over year.”

“We believe,” added Mr. Stothart, “that the mining industry must do its part to be a driver of habitat creation.”

By the end of 2022, IAMGOLD has committed to develop further medium-term targets and publish a high-level roadmap on how it will achieve its emissions goals. The roadmap will also include an estimated date by which the company expects to achieve net positive biodiversity.

As part of its accountability and reporting framework, IAMGOLD will also be reporting in accordance with the Climate-Related Financial Disclosures (“TCFD”) guidelines.

“Absolute reductions form a critically important part of IAMGOLD’s strategy in actively combating climate change,” continued Mr. Stothart, “with investments in nature-based carbon offset projects supporting greenhouse gas removals.”

IAMGOLD is a mid-tier gold mining company operating in North America, South America and West Africa.

IAMGOLD Corporation (IMG) is up 2.88 per cent, trading at $2.86 per share as of 12:39 am ET.

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