Sociedad Quimica Y Minera
Sociedad Química y Minera de Chile (SQM) is a leading global player in the lithium, potassium, and iodine industries, headquartered in Santiago, Chile. Founded in 1968, SQM has established itself as a key supplier in the agricultural, industrial, and lithium battery sectors, with significant operations in the Salar de Atacama and other regions across Chile. The company is renowned for its high-quality lithium products, which are essential for electric vehicle batteries and renewable energy storage. SQM's commitment to sustainable practices and innovation has positioned it as a market leader, achieving notable milestones such as expanding its lithium production capacity to meet the growing global demand. With a strong focus on research and development, SQM continues to drive advancements in the chemical and mining industries, solidifying its reputation as a trusted partner in the global supply chain.
DitchCarbon Score
How does Sociedad Quimica Y Minera'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 Chemicals 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
Sociedad Quimica Y Minera's score of 46 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Sociedad Quimica Y Minera's reported carbon emissions
In 2024, Sociedad Quimica Y Minera (SQM) reported total carbon emissions of approximately 1,921,853,000 kg CO2e. This figure includes Scope 1 emissions of about 504,928,000 kg CO2e, Scope 2 emissions of approximately 512,397,000 kg CO2e, and Scope 3 emissions of around 904,528,000 kg CO2e. In 2023, the company’s total emissions were about 1,713,957,000 kg CO2e, with Scope 1 at approximately 308,815,000 kg CO2e, Scope 2 at about 536,571,000 kg CO2e, and Scope 3 at around 868,571,000 kg CO2e. SQM has set ambitious climate commitments, aiming for carbon neutrality in its lithium, potassium chloride (KCl), and sulphate of potash (SOP) products by 2030, and for all products by 2040. The company has committed to a 42% reduction in absolute Scope 1 and 2 emissions and a 52% reduction in Scope 3 emissions intensity by 2031, using 2021 as the base year. Additionally, SQM aims for a 60% reduction in emissions by 2030, with a long-term goal of achieving carbon neutrality across all products by 2040. These targets are aligned with the Science Based Targets initiative (SBTi), which has validated SQM's commitment to reduce absolute Scope 1 and 2 GHG emissions by 46.2% by 2031, alongside a 55% reduction in Scope 3 emissions per ton of lithium carbonate equivalent produced within the same timeframe. Overall, SQM is actively working towards significant emissions reductions while striving for sustainability in its operations, reflecting a strong commitment to addressing climate change.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 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.
Sociedad Quimica Y Minera is participating in some 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.
