Galaxy Resources
Galaxy Resources Limited, commonly referred to as Galaxy Resources, is a leading player in the lithium industry, headquartered in Australia. Established in 1996, the company has made significant strides in the extraction and production of lithium hydroxide and lithium carbonate, essential components for electric vehicle batteries and renewable energy storage solutions. With major operations in Australia and Canada, Galaxy Resources is renowned for its commitment to sustainable mining practices and innovative processing techniques. The company’s flagship projects, including the Sal de Vida lithium brine project in Argentina, highlight its strategic focus on high-quality lithium production. Recognised for its strong market position, Galaxy Resources has achieved notable milestones, including successful partnerships and expansions that bolster its reputation as a reliable supplier in the rapidly growing electric vehicle market.
DitchCarbon Score
How does Galaxy Resources'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
Galaxy Resources's score of 25 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Galaxy Resources's reported carbon emissions
In 2020, Galaxy Resources reported total carbon emissions of approximately 28,829,400 kg CO2e, comprising about 28,738,000 kg CO2e from Scope 1 emissions and about 91,200 kg CO2e from Scope 2 emissions. This marked a significant increase from 2019, when total emissions were about 27,375,900 kg CO2e, with Scope 1 emissions at approximately 27,307,000 kg CO2e and Scope 2 emissions at about 68,900 kg CO2e. In 2019, the company’s emissions were notably high, with total emissions reaching approximately 35,560,000 kg CO2e in Australia, primarily driven by Scope 1 emissions of about 35,484,000 kg CO2e. The emissions data for 2018 is not disclosed, indicating a lack of available information for that year. Despite the substantial emissions figures, Galaxy Resources has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company operates within the mining sector, which is under increasing scrutiny for its environmental impact, particularly regarding greenhouse gas emissions. Overall, while Galaxy Resources has reported significant emissions, the lack of clear reduction commitments highlights an area for potential improvement in their climate strategy.
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| 2019 | 2020 | |
|---|---|---|
| Scope 1 | 36,209,000 | 00,000,000 |
| Scope 2 | 142,000 | 0,000 |
| 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.
Galaxy Resources 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.
