07:27 AM EDT, 05/15/2024 (MT Newswires) -- Barrick Gold Corporation ( GOLD ) on Wednesday provided an update on its sustainability strategy, and within that the company said it achieved the target it set for itself for 2025 of reducing its greenhouse gas emissions by 15%.

The company said its Scope 1 and 2 greenhouse gas emissions have now been reduced by 16% against its 2018 baseline. Barrick added it will continue to reduce these emissions, with the long-term goal to be Net Zero by 2050. At the same time, Barrick said it remains "on track" to achieve its Scope 3 emissions reduction targets which were set in consultation with its suppliers and service providers. Barrick also re-used or recycled 84% of the water it used in its operations, with an 85% recycle rate achieved at its water-stressed sites.

Barrick said it is also targeting no net loss on any Key Biodiversity Features (KBFs) identified at its sites and is contributing "positively" to the conservation of high-risk biodiversity features. "This is best illustrated by the successful, and ongoing, reintroduction of white rhinos to the Garamba National Park in the Democratic Republic of Congo," said Barrick president and chief executive Mark Bristow.