Antofagasta PLC, a prominent player in the copper ores and concentrates industry, is headquartered in Great Britain. Founded in 1888, the company has established itself as a leading mining group, primarily operating in Chile, where it manages several key mining assets.
Specialising in the extraction and production of copper, Antofagasta is renowned for its high-quality ores and concentrates, which are essential for various industrial applications. The company has achieved significant milestones, including advancements in sustainable mining practices, positioning itself as a responsible leader in the sector.
With a strong market presence, Antofagasta continues to innovate and expand its operations, contributing to the global demand for copper while maintaining a commitment to environmental stewardship and community engagement.
+9 vs industry average
Antofagasta’s score of 32 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Copper Mining has above-average carbon intensity
Industry performance
The Copper Mining industry has reduced its overall emissions by 45% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Antofagasta's reported carbon emissions
Antofagasta, a UK-based company operating in copper ores and concentrates, has reported its greenhouse gas emissions across Scope 1 and Scope 2 for several years. For 2024, the company reported approximately 1.23 billion kg CO2e of Scope 1 emissions and about 887,000 kg CO2e of Scope 2 emissions, totalling approximately 1.23 billion kg CO2e for Scopes 1 and 2. In 2023, Antofagasta's Scope 1 emissions were approximately 1.19 billion kg CO2e, with Scope 2 emissions at about 16,000 kg CO2e, resulting in a combined total of approximately 1.19 billion kg CO2e.
The company has established climate commitments, including a near-term target to reduce Scope 1 and 2 emissions by 30% by 2025, compared to a 2020 baseline. This target is equivalent to avoiding 730,000 tonnes of CO2e. Antofagasta has also committed to achieving carbon neutrality by 2050, or sooner if technological advancements permit.
While specific Scope 3 emissions data is not provided, the company's reporting indicates that data is cascaded from its ultimate parent organisation, Antofagasta plc. In previous years, total emissions for Scopes 1 and 2 have varied, with approximately 2.14 billion kg CO2e reported for 2021 and 2.79 billion kg CO2e for 2016. Scope 3 emissions were disclosed in 2012 and 2011, amounting to approximately 282 million kg CO2e and 536 million kg CO2e, respectively. Antofagasta also reports production emissions intensity data, with values such as 1,750 kg CO2e per tonne of iron and steel in 2024.
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Antofagasta’s Climate Goals (2030 & 2050)
4 goals2025
30% reduction in all scopes
In 2021, the organization set ambitious targets, aiming for a 30% reduction in both direct and indirect emissions (Scopes 1 and 2) by 2025,…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Antofagasta
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