Grupo Mexico

Grupo Mexico's reported carbon emissions

Grupo Mexico, a fabricated metal products manufacturer headquartered in Mexico, reported a total of approximately 4.4 billion kg CO2e in Scope 1 and 2 emissions for 2024. This comprises 5.34 billion kg CO2e from Scope 1 and about 690 million kg CO2e from Scope 2 emissions. Scope 3 emissions for the same year were significantly higher, with purchased goods and services accounting for roughly 2.24 billion kg CO2e and processing of sold products contributing approximately 2.97 billion kg CO2e. In 2023, Grupo Mexico's Scope 1 emissions were around 4.95 billion kg CO2e, and Scope 2 emissions were about 840 million kg CO2e. Emissions data for Scope 3 were not fully disclosed for this year, with a note indicating missing data for purchased goods and services. Grupo Mexico has established several climate commitments. By 2027, the company aims to reduce its absolute Scope 1 and 2 emissions by 15% against a 2018 baseline. Looking further ahead, a medium-term target is to achieve a 35% reduction in absolute Scope 1 and 2 emissions by 2035, also using 2018 as the base year. Moreover, Grupo Mexico has set a long-term goal to reach net zero emissions for Scope 1 and 2 by 2050, with 2018 as the base year. Emission intensity for steel production was reported as 3.5 tonnes CO2e per tonne of copper in 2024, according to their sustainability reports.