Hudbay
Hudbay Minerals Inc., commonly referred to as Hudbay, is a prominent mining company headquartered in Canada. Established in 1994, Hudbay has developed a strong presence in key operational regions, including North and South America, focusing on the extraction and production of copper, zinc, and precious metals. The company is renowned for its commitment to sustainable mining practices and innovative technologies, which enhance the efficiency of its operations. Hudbay's core products, including copper concentrates and zinc metal, are distinguished by their high quality and responsible sourcing. With a solid market position, Hudbay has achieved significant milestones, including the successful development of major mining projects and a robust portfolio of mineral resources. The company continues to be a leader in the mining industry, dedicated to delivering value while prioritising environmental stewardship and community engagement.
DitchCarbon Score
How does Hudbay'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 Copper Reprocessing 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
Hudbay's score of 32 is higher than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hudbay's reported carbon emissions
In 2023, Hudbay Minerals reported total carbon emissions of approximately 388,000,000 kg CO2e, with emissions distributed across various scopes: 254,000,000 kg CO2e from Scope 1, 134,000,000 kg CO2e from Scope 2, and no specific data provided for Scope 3 emissions. This represents a significant increase in total emissions compared to previous years, where total emissions were about 333,000,000 kg CO2e in 2022 and approximately 304,000,000 kg CO2e in 2021. Hudbay's emissions profile indicates a reliance on fossil fuels and energy-intensive processes, as evidenced by their Scope 1 emissions, which include direct emissions from owned or controlled sources. The company has not disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint, nor have they committed to any science-based targets (SBTi) or climate pledges. Overall, while Hudbay has made strides in reporting their emissions, the lack of defined reduction targets raises questions about their long-term commitment to addressing climate change. The mining industry is under increasing pressure to enhance sustainability practices, and Hudbay's future strategies will be crucial in aligning with global climate goals.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 177,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 144,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 465,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 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.
Hudbay 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.
