Codel, officially known as Codelco, is a prominent player in the chemical and fertilizer minerals sector, headquartered in Chile (CL). Established in the early 20th century, the company has evolved to specialise in the extraction and processing of salt and various mining and quarrying products not elsewhere classified (n.e.c.).
With a strong operational presence across major regions in Chile, Codel is recognised for its high-quality mineral products, including copper and other essential minerals. The company has achieved significant milestones, positioning itself as a leader in the industry through innovative practices and sustainable mining techniques. Codel's commitment to excellence and environmental stewardship sets it apart, making it a trusted name in the global market for chemical and mineral resources.
+29 vs industry average
Codel’s score of 47 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Salt and Mineral Mining has above-average carbon intensity
Industry performance
The Salt and Mineral Mining industry has reduced its overall emissions by 66% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Codel's reported carbon emissions
Codel's latest reported emissions for 2024 show a total of approximately 7.35 million kg CO2e. This figure comprises Scope 1 emissions of about 139,000 kg CO2e and Scope 3 emissions totalling approximately 7.01 million kg CO2e (including categories like investments, capital goods, business travel, employee commute, fuel and energy-related activities, upstream and downstream transportation and distribution). Scope 2 emissions data for 2024 is not available.
In 2023, Codel reported total emissions of approximately 7.35 million kg CO2e, with Scope 1 emissions at about 139,000 kg CO2e and Scope 3 emissions at approximately 7.01 million kg CO2e. This Scope 3 breakdown included purchased goods and services (about 848,406 kg CO2e), fuel and energy-related activities (approximately 491,311 kg CO2e), upstream transportation and distribution (around 498,166 kg CO2e), and downstream transportation and distribution (approximately 99,520 kg CO2e), among others.
Looking at previous years, Codel reported Scope 2 emissions of about 2.16 billion kg CO2e and Scope 3 emissions of approximately 1.28 billion kg CO2e for 2022. In 2017, total emissions were approximately 5.64 billion kg CO2e, with Scope 1 emissions around 1.70 billion kg CO2e and Scope 2 emissions about 2.67 billion kg CO2e. For 2016, total emissions were approximately 5.86 billion kg CO2e, including Scope 1 emissions of about 1.72 billion kg CO2e and Scope 2 emissions of approximately 2.65 billion kg CO2e. In 2015, total emissions were approximately 5.47 billion kg CO2e, with Scope 1 emissions around 1.59 billion kg CO2e and Scope 2 emissions about 2.64 billion kg CO2e. Emissions for 2014 totalled approximately 5.64 billion kg CO2e, with Scope 1 at about 1.60 billion kg CO2e and Scope 2 at approximately 2.71 billion kg CO2e.
Codel has set ambitious climate commitments. The company aims for carbon neutrality by 2050 across all scopes. More specifically, Codel has committed to reducing Scope 1 and 2 greenhouse gas emissions by 70% by 2030 compared to 2019 levels. Additionally, Codel plans to reduce the intensity of its Scope 3 emissions associated with strategic operational inputs by 25% by 2030, relative to 2023. The company is also working towards decarbonising its passenger road transport fleet, aiming for 40% by 2030 and 100% by 2040. These targets align with the Sustainable Development Goals, specifically SDG 7 (Clean Energy) and SDG 13 (Climate Action).
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Codel’s Climate Goals (2030 & 2050)
10 goals2030
70% reduction in all scopes
Disminuir a 2030 nuestras emisiones de alcance 1 y 2 70% en comparación con 2019
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 10 climate goals
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Scope 3 top emissions categories
7 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Codel
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