Codel Sustainability Profile
Codel, officially known as Corporación Nacional del Cobre de Chile, is a leading player in the global mining industry, headquartered in Chile (CL). Founded in 1976, Codel has established itself as a major copper producer, with significant operations across various regions in Chile, including the Atacama Desert and the Andes Mountains. The company is renowned for its high-quality copper production and innovative mining techniques, which set it apart in a competitive market. Codel's commitment to sustainability and technological advancement has led to notable achievements, including being one of the largest copper producers worldwide. With a focus on efficiency and environmental responsibility, Codel continues to shape the future of the mining sector while maintaining its position as a key contributor to the Chilean economy.
DitchCarbon Score
How does Codel'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
Codel's score of 55 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Codel's reported carbon emissions
In 2024, Codelco reported total carbon emissions of approximately 7,353,000 kg CO2e, with Scope 1 emissions at about 139,000 kg CO2e, Scope 2 emissions at approximately 374,000 kg CO2e, and a significant contribution from Scope 3 emissions, which totalled around 801,123,000 kg CO2e. The previous year, 2023, saw similar total emissions of about 7,352,000 kg CO2e, with Scope 1 at 139,000 kg CO2e, Scope 2 at approximately 146,000 kg CO2e, and Scope 3 emissions at around 226,853,000 kg CO2e. Codelco has set ambitious climate commitments, aiming for a 70% reduction in greenhouse gas emissions for both Scope 1 and Scope 2 by 2030, starting from 2020 levels. Additionally, the company is committed to achieving carbon neutrality by 2050, which encompasses both Scope 1 and Scope 2 emissions. These targets reflect Codelco's proactive approach to addressing climate change and reducing its carbon footprint. The emissions data is sourced directly from Codelco, with no cascading from a parent or related organization. The company is actively working towards its long-term climate goals while maintaining transparency in its emissions reporting.
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| 2014 | 2015 | 2016 | 2017 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 1,604,819,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 2,712,672,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 00,000,000 | 00,000,000 | 000,000 |
| Scope 3 | - | - | - | - | 00,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Codel's Industry?
How Carbon Intensive is Codel's Location?
Codel's Scope 3 Categories Breakdown
Codel's Scope 3 emissions, which increased by 253% last year and increased significantly since 2022, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with detailed category breakdown helping identify key emission sources across their value chain.
Top Scope 3 Categories
Codel'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.
Codel 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.
