The World Gold Council today launched its ‘Gold and climate change’ report, aiming to provide investors with greater clarity around gold’s impacts on climate change.
Marking one year since the recommendations from the Taskforce on Climate-Related Financial Disclosure (TCFD), the report is an initial step to build understanding of the gold industry’s greenhouse gas emissions (GHG) footprint, the efforts already underway to reduce emissions and gold’s role in improving energy efficiency and developing low carbon technologies.
Acknowledging that limited data currently exists, the key findings include:
Terry Heymann, Chief Financial Officer at the World Gold Council, commented: “Given gold’s growing role as a strategic investment asset, the need for greater awareness of its climate-related impacts is a priority issue for many investors. Our initial findings, based on the limited research, help investors in better understanding gold’s greenhouse gas emissions profile and gold’s role as part of a diversified portfolio.”
The report’s findings were reviewed by environmental scientists at the Centre of Environmental Policy (CEP) at Imperial College London.
The full report is available for download here.
Ryan Walker | Financial Communications & Capital Markets
Edelman | New York
250 Hudson Street | New York, NY 10013
O: 917.344.4763 | M: 860-930-3611 | [email protected]