First Quantum Minerals

First Quantum Minerals: Emissions and Climate Commitments

First Quantum Minerals, a Canadian-headquartered company operating in the copper ores and concentrates industry, has set ambitious targets for reducing its greenhouse gas (GHG) emissions.

Emissions Performance:

• 2025: The company reported total GHG emissions of approximately 1,925,000,000 kg CO2e. This includes Scope 1 emissions of about 1,593,000,000 kg CO2e, Scope 2 emissions of approximately 555,000,000 kg CO2e, and Scope 3 emissions totalling around 1,925,000,000 kg CO2e. Within Scope 3, purchased goods and services accounted for the largest portion at approximately 1,026,000,000 kg CO2e, followed by fuel and energy-related activities at about 369,000,000 kg CO2e.
• 2024: Total GHG emissions for 2024 were approximately 1,930,000,000 kg CO2e. Scope 1 emissions stood at roughly 1,700,000,000 kg CO2e, with Scope 2 at approximately 729,000,000 kg CO2e. Scope 3 emissions were reported at around 1,930,000,000 kg CO2e, with purchased goods and services being the primary contributor at approximately 1,027,000,000 kg CO2e.
• 2023: The company reported Scope 1 emissions of approximately 3,667,000,000 kg CO2e and Scope 2 emissions of about 415,000,000 kg CO2e. Scope 3 emissions were recorded at approximately 2,963,000,000 kg CO2e.
• 2022: Scope 1 emissions were approximately 4,017,000,000 kg CO2e, and Scope 2 emissions were around 360,000,000 kg CO2e. Scope 3 emissions were reported at approximately 2,963,000,000 kg CO2e.
• 2021: Scope 1 emissions totalled approximately 3,829,000,000 kg CO2e, with Scope 2 emissions at about 518,000,000 kg CO2e. Scope 3 data was not disclosed for this year.
• 2020: Scope 1 emissions were approximately 3,765,000,000 kg CO2e, and Scope 2 emissions were around 488,000,000 kg CO2e. Scope 3 data was not disclosed.
• 2019: Scope 1 emissions were approximately 3,268,000,000 kg CO2e, with Scope 2 emissions at about 496,000,000 kg CO2e. Scope 3 data was not disclosed.
• 2018: Scope 1 emissions were approximately 1,593,000,000 kg CO2e, and Scope 2 emissions were around 249,000,000 kg CO2e. Scope 3 data was not disclosed.
• 2017: Scope 1 emissions were approximately 1,450,000,000 kg CO2e, and Scope 2 emissions were about 169,000,000 kg CO2e. Scope 3 data was not disclosed.
• 2016: Scope 1 emissions were approximately 1,241,000,000 kg CO2e, with Scope 2 emissions at about 152,000,000 kg CO2e. Scope 3 data was not disclosed.
• 2015: Scope 1 emissions were approximately 1,214,000,000 kg CO2e, and Scope 2 emissions were around 136,000,000 kg CO2e. Scope 3 data was not disclosed.

Climate Commitments and Reduction Targets:

First Quantum Minerals has established several key climate targets:

• By 2035: The company aims for a 50% reduction in absolute Scope 1 and 2 GHG emissions, as well as a 50% reduction in copper production CO2e intensity. This target is contingent on the decarbonisation of power at its operational sites.
• By 2025: A near-term target is in place for a 30% reduction in absolute GHG emissions.
• By 2030: The company is working towards a 50% reduction in absolute GHG emissions and a 50% reduction in the GHG intensity of copper mined at its operations.

These commitments reflect First Quantum Minerals' strategy to manage and mitigate its climate impact within the copper mining sector.