The CEO of Barrick Gold believes that reducing carbon emissions is beneficial not only for the environment but also for the company's business.

• Mark Bristow, CEO of Barrick Gold, stated that reducing greenhouse gas emissions from the company's operations will result in financial benefits, according to CNBC's Jim Cramer.
• Bristow stated on "Mad Money" that investing to reduce gas emissions is not only necessary for compliance, but also beneficial for business.

On Friday, CEO Mark Bristow informed CNBC's Jim Cramer that the company's plans to decrease greenhouse gas emissions would not only have positive environmental effects but also bring financial benefits within the organization.

According to Barrick's sustainability report, the gold miner aims to reduce emissions by 30% by 2030 compared to its 2018 baseline, and has a net-zero goal by 2050.

Bristow stated in an interview on "Mad Money" that their investment in reducing gas emissions is not only for compliance purposes but also benefits their business.

According to Bristow, as part of Barrick's plan to achieve its 30% reduction target, the company is assuming a 15% internal rate of return (IRR). IRR is a financial metric used by companies to assess the profitability of a project.

By reducing its reliance on fossil fuels, Barrick will be less vulnerable to the volatile prices of natural gas and oil, which have increased significantly in the past year.

Bristow stated that emissions-cutting initiatives are providing a return by reducing costs and decreasing dependence on hydrocarbons.

When asked about the impact of elevated natural gas and oil prices on the company's total return, the CEO said: "Yes, there will be an impact in the short term."

Bristow reminded investors that higher commodity prices also benefits the company in other ways. He said, 'Remember, the gold price is going up for the same reason.'

Join the CNBC Investing Club to receive updates on Jim Cramer's market moves.