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 30 is higher than 53% 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 38,980,000 kg CO2e for Scope 1 and about 23,558,000 kg CO2e for Scope 2, resulting in a combined total of around 62,537,000 kg CO2e. This marks a significant reduction from 2023, where emissions were approximately 61,622,000 kg CO2e for Scope 1 and 22,063,000 kg CO2e for Scope 2, leading to a total of about 83,685,000 kg CO2e. Over the past few years, the company has shown a trend of decreasing emissions, with 2022 figures at approximately 59,212,000 kg CO2e for Scope 1 and 20,904,000 kg CO2e for Scope 2, totalling around 80,116,000 kg CO2e. Notably, emissions in 2021 were similar, with totals around 83,685,000 kg CO2e, indicating a consistent effort to manage and reduce their carbon footprint. First Majestic Silver has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The company operates independently without cascading emissions data from a parent organization, ensuring that their reported figures reflect their direct operational impact. Overall, First Majestic Silver's commitment to reducing carbon emissions is evident in their recent performance, although further transparency regarding specific reduction strategies would enhance their climate commitment profile.
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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 | - | - | - | - | - | - |
How Carbon Intensive is First Majestic Silver's Industry?
How Carbon Intensive is First Majestic Silver's Location?
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.
