Fresnillo
Fresnillo plc, a leading precious metals mining company, is headquartered in Mexico (MX) and primarily operates in the rich mineral regions of Mexico and Peru. Founded in 2007, Fresnillo has quickly established itself as a key player in the mining industry, focusing on the extraction of silver and gold. The company is renowned for its high-quality silver production, leveraging advanced mining techniques and sustainable practices. Fresnillo's flagship operations include the Fresnillo and Saucito mines, which are notable for their significant contributions to the global silver market. With a strong market position, Fresnillo has achieved numerous milestones, including being the largest silver producer in Mexico. Its commitment to innovation and sustainability sets it apart in the competitive mining landscape, ensuring a robust future in the precious metals sector.
DitchCarbon Score
How does Fresnillo'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
Fresnillo's score of 40 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Fresnillo's reported carbon emissions
In 2023, Fresnillo reported total carbon emissions of approximately 1,524,867,000 kg CO2e, comprising 469,146,000 kg CO2e from Scope 1, 355,241,000 kg CO2e from Scope 2, and 700,480,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions included significant contributions from processing of sold products (approximately 456,390,000 kg CO2e) and purchased goods and services (about 157,073,000 kg CO2e). Comparatively, in 2022, the company recorded total emissions of about 1,272,312,000 kg CO2e, with Scope 1 emissions at 545,970,000 kg CO2e, Scope 2 at 422,279,000 kg CO2e, and Scope 3 at 713,043,000 kg CO2e. This indicates a reduction in Scope 1 emissions from 2022 to 2023, while Scope 3 emissions saw a slight decrease. Fresnillo's emissions data is cascaded from its parent company, Fresnillo plc, reflecting its commitment to transparency in reporting. However, the company has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, indicating a potential area for future development in their climate strategy. Overall, Fresnillo's emissions profile highlights the significant impact of Scope 3 emissions, which are critical for the mining industry, and underscores the need for comprehensive strategies to address these emissions in line with global climate commitments.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 476,420,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 1,070,498,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | 000,000,000 | 000,000,000 | 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.
Fresnillo 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.
