Fortuna Silver Mines Sustainability Profile
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 30 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 2024, Fortuna Silver Mines reported total carbon emissions of approximately 119,698,000 kg CO2e for Scope 1 and 54,486,000 kg CO2e for Scope 2, resulting in a combined total of about 174,184,000 kg CO2e. This marks a significant increase from 2023, where emissions were approximately 88,902,000 kg CO2e for Scope 1 and 46,358,000 kg CO2e for Scope 2, totalling around 135,260,000 kg CO2e. Over the past few years, Fortuna has demonstrated a commitment to transparency in its emissions reporting, consistently disclosing Scope 1 and Scope 2 emissions data. However, there are currently no reported Scope 3 emissions. The company has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). Fortuna's emissions intensity metrics reveal that in 2024, the GHG emissions intensity was approximately 18,010 kg CO2e per tonne of ores, slag, and ash produced. This is a slight increase from 2023, where the intensity was about 16,110 kg CO2e per tonne. The company continues to monitor its emissions and engage in sustainability practices, although specific reduction initiatives have not been outlined. Overall, Fortuna Silver Mines is actively reporting its emissions but has yet to establish formal reduction commitments or targets, reflecting a broader industry trend where mining companies are increasingly scrutinised for their environmental impact.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 21,900,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 |
| Scope 2 | 60,449,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - |
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Fortuna Silver Mines'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.
Fortuna Silver Mines 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.
