Antofagasta

Antofagasta's reported carbon emissions

Antofagasta plc, a leading copper ores and concentrates producer headquartered in Great Britain, has reported significant greenhouse gas emissions. In 2024, the company recorded approximately 1.23 billion kg CO2e for Scope 1 emissions and about 887,000 kg CO2e for Scope 2 market-based emissions. For 2023, Scope 1 emissions were approximately 1.19 billion kg CO2e, with Scope 2 market-based emissions at about 16,000 kg CO2e. The company has set ambitious climate targets, including a commitment to reduce Scope 1 and 2 emissions by 30% by 2025, compared to 2020 levels, which is equivalent to avoiding approximately 730,000 tonnes of CO2e. Furthermore, Antofagasta has pledged to achieve carbon neutrality by 2050, or sooner if technological advancements permit. Historically, emissions data is cascaded from the ultimate parent organisation, Antofagasta plc. For example, in 2022, Scope 1 emissions were approximately 1.11 billion kg CO2e and Scope 2 market-based emissions were about 95.2 million kg CO2e. In 2021, the total for Scope 1 and 2 emissions was approximately 1.96 billion kg CO2e, comprising 987.9 million kg CO2e for Scope 1 and 968.8 million kg CO2e for Scope 2. The company's 2020 emissions for Scope 1 and 2 combined were approximately 2.14 billion kg CO2e. In earlier years, emissions data for Scope 1 and 2 were: approximately 2.48 billion kg CO2e in 2019, about 2.52 billion kg CO2e in 2018, and approximately 3.03 billion kg CO2e in 2017. In 2016, total Scope 1 and 2 emissions were around 2.80 billion kg CO2e, followed by approximately 1.99 billion kg CO2e in 2015. Scope 3 emissions were reported as approximately 282 million kg CO2e in 2012 and about 536.5 million kg CO2e in 2011. Antofagasta's climate commitments and emissions reporting are integrated within the broader corporate family structure, with specific targets cascaded from the parent organisation.