Galaxy Resources, a prominent player in the chemical and fertilizer minerals sector, is headquartered in Australia. Established in 1996, the company has carved a niche in the mining and quarrying of essential products, including lithium and other critical minerals. With operations primarily in Australia and a growing presence in international markets, Galaxy Resources is dedicated to sustainable mining practices.
The company’s core offerings include high-quality lithium hydroxide and spodumene concentrate, which are vital for the burgeoning electric vehicle and renewable energy sectors. Galaxy Resources stands out for its commitment to innovation and environmental stewardship, positioning itself as a leader in the industry. Notable achievements include significant partnerships and expansions that have solidified its market position, making it a key contributor to the global transition towards sustainable energy solutions.
-1 vs industry average
Galaxy Resources’s score of 18 is lower than 47% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Salt and Mineral Mining has above-average carbon intensity
Industry performance
The Salt and Mineral Mining industry has reduced its overall emissions by 42% since 2018
Emissions trajectory 2020 – 2025
Reported emissions
Scope 3 accounts for ••• of total emissions.
Galaxy Resources's reported carbon emissions
Galaxy Resources, headquartered in Australia and operating in the chemical and fertilizer minerals, salt and other mining and quarrying products n.e.c. industry, reported total GHG emissions of approximately 31.95 billion kg CO2e in 2022. This figure includes Scope 2 emissions of approximately 15.04 billion kg CO2e and Scope 3 emissions of approximately 16.91 billion kg CO2e. Scope 1 emissions for 2022 were not disclosed.
In 2020, the company reported total emissions of approximately 28.83 billion kg CO2e, comprising Scope 1 emissions of approximately 28.74 billion kg CO2e and Scope 2 emissions of about 91.2 million kg CO2e. Scope 3 emissions were not disclosed for 2020.
For 2019, Galaxy Resources disclosed total emissions of approximately 36.35 billion kg CO2e, with Scope 1 emissions at approximately 36.21 billion kg CO2e and Scope 2 emissions at about 142 million kg CO2e. Scope 3 emissions were not disclosed for this year.
The company's emissions data for 2022, 2020, and 2019 is inherited from its ultimate parent, Rio Tinto Group, a relationship classified as a current subsidiary with a cascade level of 2. While specific reduction targets for Galaxy Resources are not detailed, its climate commitments are cascaded from Rio Tinto Group. For instance, its CDP and CA100 initiatives are sourced from Rio Tinto Group at cascade level 2. No independent SBTi reduction targets or climate pledge commitments are listed for Galaxy Resources.
The company also reported production emission factors in previous years, such as 260.0 kg CO2e per tonne of final product in 2020 and 190.0 kg CO2e per tonne of final product in 2019. No emissions data was available for 2018.
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Galaxy Resources’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Galaxy Resources yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Galaxy Resources
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