Fortuna Silver Mines
Fortuna Silver Mines Inc., commonly referred to as Fortuna, is a prominent player in the mining industry, headquartered in Vancouver, Canada. Founded in 2005, the company has established a strong presence in Latin America, with significant operations in Peru, Mexico, and Argentina. Fortuna focuses on the exploration, extraction, and processing of silver and gold, offering unique products that cater to the growing demand for precious metals. With a commitment to sustainable mining practices, Fortuna has achieved notable milestones, including the successful development of several high-grade silver and gold mines. The company is recognised for its operational excellence and has garnered a solid market position, making it a trusted name in the mining sector. Fortuna's dedication to innovation and responsible resource management sets it apart in an increasingly competitive landscape.
DitchCarbon Score
How does Fortuna Silver Mines'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
Fortuna Silver Mines's score of 27 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Fortuna Silver Mines's reported carbon emissions
In 2023, Fortuna Silver Mines reported total carbon emissions of approximately 144,030,000 kg CO2e, comprising 88,902,000 kg CO2e from Scope 1 and 55,128,000 kg CO2e from Scope 2 emissions. This marks a slight increase from 2022, where total emissions were about 136,741,000 kg CO2e, with Scope 1 emissions at 81,015,000 kg CO2e and Scope 2 at 55,726,000 kg CO2e. Over the past few years, emissions have fluctuated, with 2021 emissions recorded at approximately 146,825,000 kg CO2e and 2020 at about 70,983,000 kg CO2e. Fortuna Silver Mines has not disclosed any Scope 3 emissions data, indicating a potential area for future reporting and improvement. The company has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges, which may limit its ability to demonstrate a proactive approach to climate commitments. Overall, Fortuna Silver Mines operates within the mining sector, which is under increasing scrutiny for its environmental impact. The company’s emissions data is sourced directly from Fortuna Mining Corp., with no cascaded data from parent or related organizations. As the industry evolves, establishing clear reduction targets and enhancing transparency in emissions reporting will be crucial for Fortuna Silver Mines to align with global climate goals.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 21,900,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 60,449,000 | 00,000,000 | 00,000,000 | 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.
Fortuna Silver Mines 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.
