GHG Emissions  -  May 6, 2022

Dundee Precious Metals Sets 2035 Goals

Dundee Precious Metals Inc. (DPM) announced its GHG emissions reduction targets, which include commitments to reduce absolute Scope 1 and 2 emissions by 37.5% by 2035, to achieve net zero emissions by 2050 and to develop a Scope 3 emissions target by 2025.

DPM’s GHG reduction targets were developed in alignment with the latest findings of the Intergovernmental Panel on Climate Change. The company commits to developing a Scope 3 emissions target by 2025 and engaging with existing and potential new partners within DPM’s value chain to identify and pursue new opportunities that will have a meaningful impact.

The company identified several broad pathways and initiatives at each of its operating sites, including energy efficiency projects, electrification of mobile equipment, increasing the use of renewable fuels, and where feasible, increasing the renewable component of its electricity supply.

“We have a long track record of actively managing and improving DPM’s greenhouse gas emissions and energy use, and our climate change commitments are another step in our journey to realize our objective of generating a net positive impact from our operations,” said David Rae, President and CEO in a statement. “Given our talented people, our experience in creating trusted partnerships with our stakeholders, as well as our skills in adding value through innovation, we are confident we can achieve our climate change ambitions.”

DPM has actively managed GHG emissions, energy use and energy intensity since it became an operating company in 2004. Throughout the years, ongoing innovation and investments in plant upgrades and modernization have yielded significant improvements, particularly in Scope 1 and 2 emissions,. The company’s mining operations rank among the lowest GHG intensity mines globally.