We have just published the latest in the ‘gold and climate change’ research series subtitled ‘decarbonising investment portfolios’. This, the fourth of our climate-focused reports, builds on our previous work to quantify gold’s carbon footprint and its decarbonisation pathway.
Today, we announced that all of our Members, the world’s most forward-thinking gold miners, have committed to reporting their positions and progress on climate-related risks in line with the recommendations of Taskforce for Climate-related Financial Disclosures (TCFD).
There has recently been a lot of discussion and debate around the possible similarities and differences of gold and Bitcoin (and, by implication, other cryptocurrencies), and this has often included consideration of their relative environmental impacts and, specifically, their carbon footprints.
Gold’s diverse functions and uses have a diverse range of significant impacts. The sector will be absolutely vital in delivering the applications, technology and infrastructure needed to move towards a cleaner, safer world.
Gold has a special place in the Australian psyche. The gold rush of the early 1850s helped propel the country’s economy, stimulate its industries and grow its population. Australia is the world’s second largest gold producer and gold remains its third major commodity export. And over the last few years the Australian gold sector has flourished, with record mine production and record gold prices... But any sense of sectoral optimism is in danger of evaporating as the country struggles to cope with raging bushfires of unprecedented intensity and scale.