As one of the world’s largest gold producers, we recognise the important role we play in supporting our host countries with their just energy transition.
Our approach
We recognise the increasing awareness within our industry of climate change and the need to participate in solutions that tackle its long-term impact, including, where feasible, the reduction of GHG emissions and increase in use of renewable energy sources. We will do this by producing in a way that will contribute to a lower carbon world, decarbonising our assets and partnering with our host countries to support the development of their renewable energy infrastructure.
Working to improve operational efficiency, reduce energy use and associated costs and lowering our emissions are key drivers for the long-term sustainability of our business. This is underpinned by our Energy and GHG Emissions Management Policy which supports our decarbonisation strategy. This has been rolled out across our sites, along with a climate change awareness campaign and workshops.
Tackling climate change
Decisive action to address climate change is essential to solving Africa’s most-pressing issues. As one of the world’s largest gold producers, and the leading producer in West Africa, we recognise the important role we play in supporting our host countries with their just energy transition.
We will achieve this by decarbonising our assets, partnering with our host countries in the development of their renewable energy infrastructure and supporting our host communities to adjust to a changing climate through skill development initiatives, and community-based climate-resilient agricultural projects.
Our strategy
We recognise our responsibility to contribute to the realisation of the Paris Agreement and have announced our Net Zero ambition by 2050. We have a target to achieve a 30% reduction in emission intensity of our Scope 1 and 2 emissions by 2030 based on 2022 baseline emissions. We are also expanding the reporting of our Scope 3 emissions and engaging proactively with our suppliers on their response to climate change. To support the achievement of this target, we plan to continue progressing our decarbonisation strategy over the coming years.
Our emissions abatement study across all our operations highlighted emissions reduction opportunities in the following areas:
Grid connection
Renewable energy
Optimising power consumption and efficiency
Processing efficiencies
Fleet optimisation
Reforestation
Endeavour is aware of the projected societal and climate trends that are expected to affect the communities living in and around our mining operations. To assist our host communities address climate change, we are implementing a range of financial, technical and policy-led investments.
Energy
We track our energy data at all sites to understand our total energy consumption and the source. By analysing our energy mix and our carbon emissions, we can understand our contribution to global emissions and identify potential opportunities to reduce our emissions.
A comparison of the Group’s overall performance against our global gold peers demonstrates we have one of the lowest carbon emissions. Refer to page 69 of our 2024 Sustainability Report for emissions presented on a mine-by-mine basis.
Our goal is to achieve Net Zero by 2050 and to reduce our emissions intensity by 30% by 2030.
2024 Performance
Low
intensity producer
0.631
tCO2-e/oz emissions intensity
TCFD
Climate governance is important because climate change poses a risk to our business. Good governance structures help ensure we are equipped to deal with climate-related risks, identify opportunities and respond appropriately to our stakeholders.
Climate change has been identified as a key risk to monitor for Endeavour. Based on a climate change scenario analysis conducted in 2022, in alignment with TCFD guidelines, a comprehensive climate change risk assessment was carried out with stakeholders across the organisation.
Read more about our TCFD disclosures in our 2024 Annual Report pages 67-86.
Decarbonisation
Our ultimate aim will be to ensure our decarbonisation initiatives are suitable to achieve a 1.5 degree pathway. As part of this, we will be seeking alignment with the Science Based Targets initiative (“SBTi”).
Climate change is one of the greatest risks facing the world today and requires committed action. Energy is a critical input for our mining operations, representing a significant business cost and a major source of our greenhouse gas (“GHG”) emissions.
Climate-related physical risks may include a variety of effects:
- Direct damage to assets, as a result of extreme weather events (i.e. floods, storms) or rising sea levels.
- Changes in water availability, sourcing and quality, often with consequent social impacts.
- Disruption to operations, ability to transport goods and supplies and impacts on employee/community safety, and more.
We have also analysed potential transition risks, but it was concluded that Endeavour is considered to have no high significant transition risks. More detail on climate-related risks and opportunities is available in our TCFD Disclosures in our 2024 Annual Report pages 67-86.
Sustainability Report 2024
Read about our ESG strategy and the significant sustainability milestones reached in 2024.
