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 24 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
First Majestic Silver's reported carbon emissions
In 2023, First Majestic Silver reported total carbon emissions of approximately 2,000,000,000 kg CO2e. This figure includes emissions from all three scopes: Scope 1 emissions were about 28,000,000 kg CO2e, Scope 2 emissions totalled around 25,000,000 kg CO2e, and Scope 3 emissions reached approximately 2,000,000,000 kg CO2e. Over the years, First Majestic has shown fluctuations in its emissions. In 2022, the total emissions were about 140,886,000 kg CO2e, with Scope 1 at approximately 93,912,000 kg CO2e and Scope 2 at around 61,845,000 kg CO2e. The company has not set specific reduction targets or climate pledges, indicating a potential area for improvement in their climate commitments. The emissions data from previous years shows a trend of varying total emissions, with 2021 at about 84,217,000 kg CO2e and 2020 at approximately 80,657,000 kg CO2e. The significant Scope 3 emissions, which include categories such as purchased goods and services, underscore the importance of addressing the entire supply chain in their climate strategy. Overall, while First Majestic Silver has made strides in reporting its emissions, the absence of defined reduction targets suggests a need for enhanced climate action and commitment to sustainability practices.
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Add to project| 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 | 6,233,412,000 | - | 00,000,000,000 | - | 0,000,000,000 |
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 committed to any reduction initiatives 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.
