Cerro Verde
Cerro Verde, officially known as Compañía Minera Cerro Verde S.A.A., is a prominent player in the mining industry, headquartered in Peru (PE). Established in 1976, the company has made significant strides in copper and molybdenum production, primarily operating in the Arequipa region. Cerro Verde is renowned for its state-of-the-art mining techniques and commitment to sustainable practices, setting it apart in a competitive market. The company’s flagship products include high-quality copper concentrates, which are essential for various industrial applications. With a strong market position, Cerro Verde has achieved notable milestones, including the expansion of its operations in recent years, solidifying its reputation as a leader in the mining sector. Its dedication to innovation and environmental stewardship continues to drive its success in the industry.
DitchCarbon Score
How does Cerro Verde'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 Salt and Mineral 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
Cerro Verde's score of 28 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Cerro Verde's reported carbon emissions
In 2022, Cerro Verde reported total carbon emissions of approximately 1,069,754,000 kg CO2e, comprising 664,044,000 kg CO2e from Scope 1 and 405,710,000 kg CO2e from Scope 2 emissions. This represents a slight increase from 2021, where emissions were about 959,683,000 kg CO2e, with 644,126,000 kg CO2e from Scope 1 and 315,557,000 kg CO2e from Scope 2. Cerro Verde has set a long-term commitment to achieve net zero emissions across all scopes by 2050, starting from 2023. This ambitious target aligns with global efforts to mitigate climate change and reflects the company's dedication to sustainability. The company has not disclosed any Scope 3 emissions data, which typically includes indirect emissions from the supply chain and product use. However, their focus on reducing Scope 1 and 2 emissions indicates a proactive approach to managing their carbon footprint. Cerro Verde's climate commitments and emissions data underscore its role in contributing to a sustainable future while navigating the challenges of the mining industry in Peru.
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| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 972 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 275 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - |
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.
Cerro Verde is not participating in any 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.
