First Majestic Silver Sustainability Profile
First Majestic Silver Corp., commonly referred to as First Majestic, is a prominent player in the silver mining industry, headquartered in California. Founded in 2002, the company has established itself as a leading silver producer, primarily operating in Mexico, where it manages several key mining projects. First Majestic focuses on the extraction and production of silver, with a commitment to sustainable practices and innovative mining techniques. Its core products include high-grade silver and by-products such as gold and lead, setting it apart in a competitive market. With a strong market position, First Majestic has achieved notable milestones, including significant increases in production and reserves over the years. The company’s dedication to operational excellence and environmental responsibility continues to enhance its reputation within the mining sector.
DitchCarbon Score
How does First Majestic Silver'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
First Majestic Silver's score of 33 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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First Majestic Silver's reported carbon emissions
In 2024, First Majestic Silver reported total carbon emissions of approximately 1,618,100,000 kg CO2e, with emissions distributed across Scope 1, Scope 2, and Scope 3. Specifically, Scope 1 emissions were about 38,980,000 kg CO2e, and Scope 2 emissions totalled approximately 23,558,000 kg CO2e. The combined total for Scope 1 and Scope 2 was around 62,537,000 kg CO2e. In the previous year, 2023, the company recorded Scope 1 emissions of about 61,622,000 kg CO2e and Scope 2 emissions of approximately 22,063,000 kg CO2e, leading to a total of around 83,685,000 kg CO2e for Scope 1 and 2 combined. First Majestic Silver has not set specific reduction targets or initiatives as part of their climate commitments, and there are no SBTi (Science Based Targets initiative) reduction targets reported. The company’s emissions data is not cascaded from any parent organization, indicating that all reported figures are directly from First Majestic Silver Corp. Overall, First Majestic Silver's emissions profile highlights the significant impact of Scope 3 emissions, which constitute the majority of their carbon footprint, underscoring the challenges faced by the mining industry in addressing climate change.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 73,135,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 39,491,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | 0,000,000,000 |
How Carbon Intensive is First Majestic Silver's Industry?
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First Majestic Silver'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.
First Majestic Silver 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.
