Franco Nevada
Franco-Nevada Corporation, often referred to simply as Franco-Nevada, is a leading gold-focused royalty and streaming company headquartered in California. Established in 2007, the company has rapidly positioned itself as a key player in the mining industry, with significant operations across North America, South America, and Australia. Franco-Nevada's unique business model centres on acquiring and managing a diverse portfolio of royalties and streams, primarily in precious metals, which allows for reduced risk and enhanced financial returns. The company is renowned for its strong balance sheet and disciplined approach to capital allocation, making it a preferred partner for mining companies worldwide. With a commitment to sustainable practices and a robust market presence, Franco-Nevada continues to achieve notable milestones, solidifying its reputation as a leader in the resource sector.
DitchCarbon Score
How does Franco Nevada'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 Crude Oil Extraction 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
Franco Nevada's score of 15 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Franco Nevada's reported carbon emissions
In 2023, Franco-Nevada Corporation reported total carbon emissions of approximately 214,600 kg CO2e. This figure includes 63,900 kg CO2e from Scope 2 emissions and 150,700 kg CO2e from Scope 3 emissions, which encompass significant contributors such as business travel (100,600 kg CO2e) and purchased goods and services (26,300 kg CO2e). Comparatively, in 2022, the company’s total emissions were significantly higher at about 558,807,900 kg CO2e, with Scope 2 emissions at 57,600 kg CO2e and Scope 3 emissions at approximately 558,750,300 kg CO2e. The Scope 3 emissions in 2022 were largely driven by investments (558,640,000 kg CO2e) and business travel (68,300 kg CO2e). Franco-Nevada has not set specific reduction targets or initiatives as part of its climate commitments, nor does it appear to have cascaded data from a parent company. The absence of documented reduction initiatives suggests a need for further development in their climate strategy. Overall, while the company has made strides in reporting its emissions, the lack of reduction targets indicates an opportunity for improvement in its climate commitments.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - | - |
| Scope 2 | 54,600 | 00,000 | - | - | 00,000 | 00,000 | 00,000 |
| Scope 3 | 78,000 | 00,000 | 00,000 | 00,000 | 000,000,000 | 000,000,000 | 000,000 |
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.
Franco Nevada 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.
