First Majestic Silver
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 28 is higher than 55% 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 2023, First Majestic Silver reported total carbon emissions of approximately 54,612,000 kg CO2e for Scope 1 and about 41,370,000 kg CO2e for Scope 2, resulting in a combined total of around 96,048,000 kg CO2e. This marks a significant reduction from 2022, where emissions were approximately 93,912,000 kg CO2e for Scope 1 and 61,845,000 kg CO2e for Scope 2, leading to a total of about 155,757,000 kg CO2e. Over the past few years, First Majestic Silver has demonstrated a commitment to reducing its carbon footprint. In 2021, the company reported emissions of about 61,622,000 kg CO2e for Scope 1 and 22,063,000 kg CO2e for Scope 2, totalling approximately 83,685,000 kg CO2e. This indicates a downward trend in emissions, showcasing the company's efforts to improve its sustainability practices. Despite these reductions, First Majestic Silver has not set specific science-based targets (SBTi) or formal reduction initiatives, as indicated by the absence of documented reduction targets. The company has not disclosed any Scope 3 emissions data, which typically includes indirect emissions from the supply chain and product use. Overall, First Majestic Silver's emissions data reflects a proactive approach to climate commitments, with a focus on reducing direct operational emissions while continuing to explore further sustainability initiatives.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 73,135,000 | 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 |
| 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.
First Majestic Silver 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.
