Harmony Gold Mining Company·Mining & Extraction·Last verified 19 July 2026
31
out of 100
Below expectationsPending ReviewStrong evidence· 12 src

Harmony Gold publishes comprehensive climate and ESG reporting with SBTi-validated targets, but will miss its FY26 interim emissions milestone. Scope 3 emissions remain undisclosed. Trade association membership in MCSA actively lobbies against South Africa's carbon tax—directly misaligned with the company's 1.5°C commitment. Hidden Valley mine in PNG has documented sedimentation and environmental litigation history.

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The calculation

Every score shows its working.

Same formula for every company. No curve. No private weighting.

SINK = (0.3 × Base + 0.7 × Performance) × Scale
Industry base impact
Mining & Extraction sector ceiling.
15 / 100
Performance score
Sum of the 10 rubric questions, scored 0–10 each.
47 / 100
Raw score
Weighted average before scale penalty.
(0.3 × 15) + (0.7 × 47) = 37.4
Scale penalty
Multiplier based on absolute emissions volume — physics-first.
× 0.82
Final score
Rounded. Below expectations.
31 / 100
The ten questions

Where Harmony Gold Mining Company is strong, and where it isn't.

Strongest on Transparency & Accountability and Carbon Footprint — Operations (7/10, 6/10). Weakest on Nature & Biodiversity Impact and Carbon Footprint — Supply Chain (3/10, 3/10).

Where the evidence comes from

Every document used, listed.

12 sources used in this assessment. All publicly available. Each row shows which rubric questions it informed.

9 of 12 sources are third-party verified or public record.

[1]Self-reported
Harmony Gold ESG Report FY24

We assure 21 material indicators, of which six are subject to reasonable assurance and 15 to limited assurance.

2024
Q1Q6Q9
View →
[2]Public record
Mponeng Gold Mine — Wikipedia

The mine also emitted 933,205 tons of CO2 equivalent in 2024.

Ongoing
Q1
View →
[3]Self-reported
Harmony Gold Sustainability — Energy & Climate Change

In 2023, we received approval of our 1.5°C SBTi near term target to reduce absolute scope 1 and 2 GHG emissions by 63% by FY36.

Ongoing
Q2Q3Q4Q8
View →
[4]Self-reported
Harmony Gold Sustainability — Tailings Management

Our level of alignment with GISTM is a matter we are continuing to assess noting the practicality and economic feasibility of retrofitting historical TSFs.

Ongoing
Q5Q6
View →
[5]SEC filing
SEC Filing — Harmony Gold H1 FY23 Results

We have committed to reducing absolute scope 1 and 2 greenhouse gas emissions by 63% by FY36 from a FY21 base year.

2023
Q8
View →
[6]Public record
Mining Weekly — Harmony Green Loan Phase 2 Solar

Harmony anticipates that this latest project will supply about 20% of the peak daytime demand of South African operations once completed.

2024
Q4
View →
[7]Public record
Mining Weekly — Harmony Water Management CDP 'A' Rating

Harmony Gold has maintained its Carbon Disclosure Project (CDP) score of 'A' for its water management during the 2023 assessment period.

2024
Q7
View →
[8]Public record
Mining Review — Harmony Water Conservation

Harmony refurbished three WWTPs on behalf of the Matjhabeng, Matlosana, and Merafong municipalities.

Unknown
Q7
View →
[9]SEC filing
StockTitan SEC Filing — Harmony Current Report

A pause in certain Eva Copper land-clearing activities for a protected species assessment.

2025
Q5
View →
[10]Public record
Minerals Council South Africa — Wikipedia

Its members include famous South African mining houses such as Anglo American, De Beers, Gold Fields, and Harmony.

Ongoing
Q10
View →
[11]Third-party verified
InfluenceMap — South African Chamber of Mines Climate Lobbying

The Minerals Council's engagement with specific items of climate legislation has focused primarily on South Africa's Carbon Tax Act, which the group has consistently pushed to block, weaken or delay since 2015.

2023
Q10
View →
[12]Third-party verified
Mines and Communities — Hidden Valley Mine Environmental Issues

Local landowners are suing the mine's owners, Harmony Gold and Newcrest Mining, for alleged negligence in allowing the pollution of the rivers with material containing heavy metals.

Unknown
Q10
View →

If you believe a source has been misread or a newer version exists, submit a challenge.

Harmony Gold Mining Company in context

Harmony Gold Mining Company is the highest-scoring mining & extraction company we've rated.

Among the 11 major mining & extraction brands we've scored, Harmony Gold Mining Company sits 1st of 11.

1/11
Harmony Gold Mining Company's rank
23
Industry average
15
Industry low
31
Industry high
How this score has moved

Harmony Gold Mining Company's score over time.

today

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What's being contested

This score is not currently being contested.

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About Harmony Gold Mining Company

Harmony Gold Mining Company, founded 1950 and headquartered in Randfontein, South Africa, is a major precious metals producer operating deep underground and open-pit mines across South Africa, Papua New Guinea, and Australia. The company operates the world's largest tailings retreatment programme and is the second-largest primary gold producer globally by output.

Founded
Headquarters
South Africa
Employees
~34,000
Annual revenue
~ZAR 81bn (~US$4.3bn)
Company website ↗
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