Apex Mining Co. Inc Sustainability Profile
Apex Mining Co. Inc., a prominent player in the Philippine mining industry, is headquartered in the bustling city of Davao. Founded in 1972, the company has established itself as a leader in gold and silver production, primarily operating in the rich mineral regions of Mindanao. Apex Mining is renowned for its commitment to sustainable mining practices and community development, setting it apart in a competitive market. With a focus on high-quality ore extraction and processing, Apex Mining has achieved significant milestones, including the successful expansion of its operations and the implementation of advanced mining technologies. The company’s dedication to environmental stewardship and social responsibility has earned it a strong reputation, positioning it as a trusted name in the mining sector. Apex Mining Co. Inc. continues to thrive, contributing to the growth of the local economy while maintaining its commitment to excellence.
DitchCarbon Score
How does Apex Mining Co. Inc'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 Precious Metal Mining 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
Apex Mining Co. Inc's score of 7 is lower than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Apex Mining Co. Inc's reported carbon emissions
In 2020, Apex Mining Co. Inc., headquartered in the Philippines, reported total carbon emissions of approximately 50,242,000 kg CO2e. This figure includes 10,503,000 kg CO2e from Scope 1 emissions and 39,711,000 kg CO2e from Scope 2 emissions. The company did not disclose any Scope 3 emissions data for that year. Comparatively, in 2019, Apex Mining's emissions were higher, with Scope 1 emissions at 11,939,000 kg CO2e and Scope 2 emissions at 78,258,000 kg CO2e. This indicates a significant reduction in both Scope 1 and Scope 2 emissions from 2019 to 2020. Despite these reductions, Apex Mining Co. Inc. has not set any specific science-based targets for emissions reduction, nor have they made any formal climate pledges. The absence of such commitments may reflect a broader industry context where many mining companies are under increasing pressure to enhance their sustainability practices and reduce their carbon footprints. Overall, while Apex Mining has made strides in reducing its emissions, the lack of formal reduction targets or climate initiatives suggests there is room for improvement in their climate commitments.
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| 2020 | |
|---|---|
| Scope 1 | 10,503,000 |
| Scope 2 | 39,711,000 |
| Scope 3 | - |
How Carbon Intensive is Apex Mining Co. Inc's Industry?
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Apex Mining Co. Inc's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Apex Mining Co. Inc has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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