Benguet Corporation Sustainability Profile
Benguet Corporation, a prominent player in the mining and agriculture sectors, is headquartered in the Philippines. Established in 1903, the company has a rich history marked by significant milestones, including its pioneering role in the country's mining industry. With major operations in the Cordillera region, Benguet Corporation primarily focuses on gold, copper, and other mineral resources, alongside agricultural ventures. The company is renowned for its commitment to sustainable practices and community development, setting it apart in a competitive market. As a leader in the Philippine mining landscape, Benguet Corporation has achieved notable recognition for its innovative approaches and dedication to environmental stewardship. Its core products and services not only contribute to the local economy but also reflect a strong emphasis on responsible resource management.
DitchCarbon Score
How does Benguet Corporation'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 Reprocessing 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
Benguet Corporation's score of 19 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Benguet Corporation's reported carbon emissions
In 2023, Benguet Corporation reported total carbon emissions of approximately 2,617,000 kg CO2e, with Scope 1 emissions at about 3,529,000 kg CO2e, Scope 2 emissions at approximately 1,485,000 kg CO2e, and Scope 3 emissions also at about 2,617,000 kg CO2e. This marks a significant increase in total emissions compared to 2022, when total emissions were reported at approximately 1,237,000 kg CO2e, with Scope 1 emissions at about 5,035,360 kg CO2e and Scope 2 emissions at approximately 1,927,760 kg CO2e. Benguet Corporation has not set specific reduction targets or climate pledges, and there are no disclosed initiatives aimed at reducing emissions. The emissions data is cascaded from the parent company, with the source organization being Benguet Corporation itself, indicating a current subsidiary relationship. Overall, while the company has reported its emissions across all three scopes, it lacks defined reduction strategies or commitments to mitigate its carbon footprint.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 5,035,360 | 0,000,000 |
| Scope 2 | 1,927,760 | 0,000,000 |
| Scope 3 | 2,617,000 | 0,000,000 |
How Carbon Intensive is Benguet Corporation's Industry?
How Carbon Intensive is Benguet Corporation's Location?
Benguet Corporation'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.
Benguet Corporation 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.
