Karora Resources, an ASX-listed gold mining company, is partnering with The Net Zero Company to develop a pathway and set targets towards a True Net Zero mining future covering Scope 1, 2 and 3 greenhouse gas (GHG) emissions.
Based on a science-based methodology, the maiden ESG report from the partnership will be received in early 2022.
The joint effort will build upon the ESG program already underway at Karora and, in the near term, analyze GHG emission reduction opportunities in Karora’s operations. This will include assessment and implementation of alternative or renewable energy sources.
The immediate focus will be on Scope 1 and 2 emissions, to be followed by evaluation and reduction of Scope 3 emissions.
“Mining is a carbon intensive industry, and we view this partnership as an opportunity to take a proactive approach in reducing our carbon footprint,” said Paul Huet, Chairman and CEO of Karora, in a statement. “We are setting the stage to be a sector leader in the junior gold mining space with the goal to ultimately become a Net Zero business.”
“We have already begun work on several parallel cost positive initiatives with Karora aimed towards rapidly achieving True Net Zero status that is anchored in science,” said Andre Fernandez, CEO of The Net Zero Company.
Read the Karora release HERE.
Image Source: Karora’s Beta Hunt Mine