Centerra Gold's Commitment to Sustainability: 2024 Insights
Centerra Gold's 2024 Sustainability Report Highlights
Centerra Gold Inc. (TSX: CG) (NYSE: CGAU), a leading gold mining company, recently unveiled its 2024 Sustainability Report, detailing significant developments across various Environmental, Social, and Governance (ESG) dimensions. This comprehensive report emphasizes the company’s unwavering commitment to fostering responsible mining practices that contribute to long-term value and profitability.
Environmental Achievements
Centerra made remarkable strides in reducing its environmental impact during 2024. The total global scope 1 and 2 greenhouse gas emissions stood at 137,719 and 34,727 tonnes of carbon dioxide equivalent (tCO2e), respectively. Remarkably, emissions per ounce of gold produced were recorded at 0.28 tCO2e, significantly lower than the sector's average of 0.66 tCO2e.
The company's climate change strategy is dynamic and includes site-level decarbonization initiatives designed to be economically feasible. Centerra is enhancing its climate risk scenario analysis to address potential challenges more effectively and improve climate-related disclosures.
As part of its commitment to sustainability, Centerra completed a comprehensive climate resiliency plan aimed at identifying both physical and transitional risks from climate change across all operational sites. Notably, the Öksüt Mine received an ISO 50001 energy management certification, recognizing its adherence to global energy efficiency standards.
Further, improvements were made at Mount Milligan Mine, where water recycling initiatives were launched to minimize freshwater intake and align with responsible conservation practices.
Social Responsibility Initiatives
Centerra is dedicated to enhancing workplace safety and promoting social responsibility within its operations. The company successfully reduced its total reportable injury frequency rate to 0.71, down from 0.76 the previous year, reflecting its rigorous commitment to the health and safety of its workforce.
Collaboration with Indigenous-owned businesses saw a 31% increase, rising to 21 partnerships from 16 in the prior year, establishing a noteworthy representation of 19% Indigenous employees across its British Columbia operations. Additionally, local procurement efforts surged, with a 26% increase in spending across all operating jurisdictions, totaling $134 million in 2024.
Centerra is further invested in nurturing future talent through global management initiatives aimed at identifying and developing leadership capabilities within the organization.
Governance and Transparency
In governance, Centerra Gold has demonstrated its dedication to diversity and transparency. For the second consecutive year, the company exceeded its gender diversity objective for 2026, achieving 38% female representation on its Board of Directors and 33% among company officers. Moreover, the company has received independent assurance for its compliance with the World Gold Council’s Responsible Gold Mining Principles, further solidifying its commitment to responsible practices.
About Centerra Gold
Centerra Gold Inc. is a prominent Canadian mining company focused on exploring, acquiring, and operating gold and copper assets across North America, Türkiye, and beyond. With strategic operations at the Mount Milligan and Öksüt Mines, as well as ownership of various projects across North America, Centerra stands at the forefront of sustainable mining practices. Its shares are available on the Toronto Stock Exchange under the symbol CG and on the New York Stock Exchange under CGAU.
Contact Information
For additional inquiries, please reach out to:
Lisa Wilkinson
Vice President, Investor Relations & Corporate Communications
(416) 204-3780
Lisa.Wilkinson@centerragold.com
Frequently Asked Questions
What is highlighted in Centerra Gold's 2024 report?
The 2024 report emphasizes the company's achievements in ESG performance, showcasing improvements in environmental practices, social responsibility, and governance standards.
How does Centerra Gold aim to reduce greenhouse gas emissions?
Centerra is focused on implementing economically viable decarbonization initiatives and tracking emission reductions at its operations.
What safety improvements did Centerra achieve?
Centerra lowered its total reportable injury frequency rate to 0.71, demonstrating significant improvements in workplace safety.
How does Centerra support local communities?
The company increased collaboration with Indigenous businesses and significantly boosted local procurement efforts in its operations.
What are Centerra Gold’s goals for gender diversity?
Centerra surpassed its 2026 gender diversity goal, achieving 38% female representation on its Board of Directors and 33% among officers.
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