China Molybdenum Sustainability Profile
China Molybdenum Co., Ltd. (commonly referred to as CMOC) is a leading global player in the mining and metallurgy industry, headquartered in China (CN). Established in 2000, the company has rapidly expanded its operations, with significant mining activities in regions such as Africa and South America, focusing primarily on molybdenum, tungsten, and copper production. CMOC is renowned for its high-quality core products, including molybdenum and tungsten concentrates, which are essential in various industrial applications. The company’s commitment to sustainable practices and innovation has positioned it as a key competitor in the global market. Notable achievements include its strategic acquisitions and partnerships that have bolstered its market presence, making CMOC a prominent name in the mining sector.
DitchCarbon Score
How does China Molybdenum'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
China Molybdenum's score of 41 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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China Molybdenum's reported carbon emissions
In 2023, China Molybdenum reported total carbon emissions of approximately 1,590,000,000 kg CO2e, comprising 1,070,000,000 kg CO2e from Scope 1 and 520,000,000 kg CO2e from Scope 2 emissions. The company also disclosed minimal Scope 3 emissions of about 55,526 kg CO2e related to purchased goods and services. For 2024, the company has reported significant Scope 3 emissions from employee commuting, amounting to approximately 16,137,958,000 kg CO2e. This highlights the importance of addressing indirect emissions in their overall climate strategy. China Molybdenum has set ambitious climate commitments, aiming for a 67% reduction in absolute emissions by 2045 compared to a projected peak in 2030. Additionally, the company is targeting carbon neutrality across both Scope 1 and Scope 2 emissions by 2050. These targets reflect a long-term commitment to sustainability and align with industry standards for climate action. The emissions data is sourced from CMOC Group Limited, the parent company, and is not cascaded from any other organization. The company is actively working towards its climate goals, demonstrating a proactive approach to reducing its carbon footprint in the mining and metals sector.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 500,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | - |
| Scope 2 | 490,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - |
| Scope 3 | - | - | - | - | - | 00,000 | 00,000 | 00,000,000,000 |
How Carbon Intensive is China Molybdenum's Industry?
How Carbon Intensive is China Molybdenum's Location?
China Molybdenum's Scope 3 Categories Breakdown
China Molybdenum's Scope 3 emissions, which increased significantly last year and increased significantly since 2022, demonstrating supply chain emissions tracking. Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Employee Commuting" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
China Molybdenum'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.
China Molybdenum 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.
