B2Gold Targets 30% Reduction in GHG Emissions by 2030 and Announces Expansion of the Fekola Solar Plant
B2Gold Corporation (“B2Gold”)
Registration No. BC0776025
Registered as an external company in Namibia
ISIN Code: CA11777Q2099
NSX Share Code: B2G
B2Gold Targets 30% Reduction in GHG Emissions by 2030 and Announces Expansion of
the Fekola Solar Plant
Vancouver, BC, January 26, 2023 – B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG,
NSX: B2G)
(“B2Gold” or the “Company”) is pleased to announce that the Company has set a target to
reduce its Scope 1 and 2 greenhouse gas (“GHG”) emissions by 30% by 2030 against a 2021
baseline.
As a Company, B2Gold recognizes that climate change is a critical global challenge and
understands that it must act accordingly. B2Gold has been an innovative leader within the
mining industry with respect to the management of sustainability issues and this commitment
to GHG emissions reduction forms a key part of our Climate Strategy, incorporating climate
management as a part of its business strategy and planning process.
B2Gold’s Climate Strategy for contributing to global climate change action contains the
following objectives:
• Identify and understand our climate risks (physical and transitional) and incorporate
mitigation measures to make the Company more resilient as society transitions to a
low-carbon economy.
• Establish and report progress against science informed emissions reductions
targets, including maintaining an updated GHG emissions inventory (Scope 1, 2 and 3
emissions).
• Evaluate and implement changes to our energy and fuel sources to increase the
proportion of renewable energy used in our operations.
• Continuously improve our disclosure on our climate risk management performance, to
align with the Task Force on Climate-related Financial Disclosures (TCFD)
recommendations.
In order to achieve the Company’s GHG emission reduction target, B2Gold is pursuing
initiatives to increase the proportion of renewable energy sources, electrify operations, and
improve energy efficiency. B2Gold is proud to be an industry leader in the implementation of
renewable energy solutions to actively manage our emissions. B2Gold’s Otjikoto and Fekola
operations both maintain fully autonomous hybrid power plants consisting of 5.8 megawatt
(“MWac”) and 30 MWac solar installed capacity, respectively.
B2Gold is also pleased to announce the expansion of its Fekola solar plant, which is currently in
the detailed design stage. The Fekola solar plant expansion is expected to increase solar
power capacity by 22 MWac, reduce GHG emissions by approximately 24,000 tonnes per year
and reduce heavy fuel oil consumption by an average 7.6 million liters per year. Construction
of the Fekola solar plant expansion project is expected to begin in the third quarter of 2023
and is estimated to be complete in the third quarter of 2024.
Since 2016, B2Gold has reported annually on climate risk management in our Responsible
Mining Report and in 2021 the Company released its inaugural Climate Strategy Report.
Additional information regarding B2Gold’s climate risk management and our Environmental,
Social and Governance risk management and performance is available at www.b2gold.com.
This announcement can be viewed at the following link:
http://www.investorx.ca/Doc/2301261445353195
On Behalf of B2GOLD CORP.
Clive T. Johnson
President & Chief Executive Officer
27 January 2023
Registered Office
20 Nachtigal Street
Ausspannplatz
Windhoek
Namibia
Sponsor
IJG Securities (Pty) Ltd
Member of the NSX
4th floor 1@Steps,c/o Grove and Chasie Street
Kleine Kuppe, Windhoek
P O Box 186, Windhoek, Namibia
Registration No. 95/505
Date: 27-01-2023 09:00:00
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