Joint Stock Company Polymetal
Joint Stock Company Polymetal, commonly referred to as Polymetal, is a leading precious metals mining company headquartered in Russia. Established in 1998, the company has grown to become a significant player in the mining industry, with major operational regions spanning Russia and Kazakhstan. Polymetal primarily focuses on the extraction and production of gold and silver, offering a diverse portfolio of high-quality mining assets. The company is renowned for its commitment to sustainable practices and operational excellence, which have positioned it favourably in the competitive market. With a strong emphasis on innovation and efficiency, Polymetal has achieved notable milestones, including its listing on the London Stock Exchange. Its strategic approach and robust market presence underscore its reputation as a key contributor to the global precious metals sector.
DitchCarbon Score
How does Joint Stock Company Polymetal's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Precious Metal Production industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Joint Stock Company Polymetal's score of 26 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Joint Stock Company Polymetal's reported carbon emissions
In 2023, Joint Stock Company Polymetal reported total global emissions of approximately 1,087,000,000 kg CO2e, comprising 724,000,000 kg CO2e from Scope 1 and 363,000,000 kg CO2e from Scope 2 emissions. This represents a 4% reduction in Scope 1 emissions compared to 2022, attributed to energy efficiency measures. The company has set a near-term target to decrease GHG intensity by 5% by 2023, using 2018 as the base year, for both Scope 1 and Scope 2 emissions. Polymetal is committed to long-term carbon neutrality, with plans to develop strategies for reducing its carbon footprint across both Scope 1 and Scope 2 emissions by 2050. The GHG intensity of Scope 1 and Scope 2 emissions was reported at approximately 0.022 kg CO2e per oz of gold equivalent in 2023. The emissions data is cascaded from the parent company, with specific figures inherited from Mangazeya Mining Ltd. at a cascade level of 3. Polymetal's ongoing initiatives reflect a proactive approach to climate commitments within the mining industry, focusing on both absolute and intensity-based reductions.
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| 2020 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 612,670,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 565,924,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 625,265,000 | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Joint Stock Company Polymetal is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
