First Quantum Minerals
First Quantum Minerals Ltd., commonly referred to as First Quantum, is a leading global mining company headquartered in Canada. Established in 1983, the company has grown significantly, with major operations in regions such as Africa, Australia, and South America. Specialising in the production of copper, nickel, and gold, First Quantum is renowned for its innovative mining techniques and commitment to sustainable practices. The company’s flagship projects, including the Kansanshi mine in Zambia and the Cobre Panama project, highlight its position as a key player in the mining industry. First Quantum's focus on high-quality production and operational efficiency has earned it a reputation for excellence, making it a notable contender in the global market. With a strong emphasis on environmental stewardship and community engagement, First Quantum Minerals continues to set benchmarks in the mining sector.
DitchCarbon Score
How does First Quantum Minerals'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 Copper 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 Quantum Minerals's score of 37 is higher than 88% 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 Quantum Minerals's reported carbon emissions
In 2023, First Quantum Minerals reported total carbon emissions of approximately 3,647,000,000 kg CO2e from Scope 1, which includes direct emissions from owned or controlled sources, and 420,000,000 kg CO2e from Scope 2, which covers indirect emissions from the generation of purchased electricity. The company also disclosed Scope 3 emissions of about 2,963,000,000 kg CO2e, which encompass all other indirect emissions in the value chain. Over the years, First Quantum has shown fluctuations in its emissions. In 2022, the total emissions were around 4,067,000,000 kg CO2e from Scope 1 and 2 combined, with Scope 3 emissions reaching approximately 3,276,000,000 kg CO2e. The company’s emissions in 2021 were about 4,347,000,000 kg CO2e for Scope 1 and 2, alongside 1,425,000,000 kg CO2e from Scope 3. Despite these figures, First Quantum Minerals has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company operates in a sector that is increasingly scrutinised for its environmental impact, and while it has made strides in emissions reporting, further commitments to carbon reduction may be necessary to align with industry standards and stakeholder expectations.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 3,268,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 496,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 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 Quantum Minerals 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.
