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 81% 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. The company has disclosed emissions data across all three scopes, with significant emissions reductions observed over the years. For instance, total emissions decreased from about 82,349,000 kg CO2e in 2017 to 144,030,000 kg CO2e in 2023, indicating a complex trend influenced by operational changes and revenue fluctuations. Fortuna Silver Mines has not set specific reduction targets or climate pledges, which may limit their strategic approach to mitigating climate impact. However, the company continues to monitor and report its emissions, reflecting a commitment to transparency in its environmental performance. The emissions intensity per silver production has varied, with the latest data indicating a GHG emissions intensity of 0.01715 kg CO2e per tonne of processed ore in 2023. Overall, while Fortuna Silver Mines has made strides in emissions reporting, the absence of defined reduction targets suggests an opportunity for enhanced climate action and commitment to sustainability in the mining sector.
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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 | 82,349,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | - | - |
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.
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.
