Jl Mag Rare Earth Co
Jl Mag Rare Earth Co., headquartered in China, is a leading player in the rare earth industry, specialising in the production and supply of high-performance rare earth magnets. Founded in 2001, the company has established itself as a key supplier in various sectors, including electronics, automotive, and renewable energy. With a commitment to innovation, Jl Mag offers a diverse range of products, including neodymium magnets and samarium-cobalt magnets, known for their exceptional strength and durability. The company’s focus on quality and sustainability has positioned it as a trusted partner in the global market. Recognised for its technological advancements and robust production capabilities, Jl Mag continues to expand its operational footprint, serving clients across Asia, Europe, and North America.
DitchCarbon Score
How does Jl Mag Rare Earth Co'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 Furniture Manufacturing 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
Jl Mag Rare Earth Co's score of 9 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Jl Mag Rare Earth Co's reported carbon emissions
In 2023, Jl Mag Rare Earth Co reported total carbon emissions of approximately 83,512,000 kg CO2e, comprising about 4,052,000 kg CO2e from Scope 1 and about 79,460,000 kg CO2e from Scope 2 emissions. This marked a decrease from 2022, where total emissions were approximately 109,146,000 kg CO2e, with Scope 1 emissions at about 3,221,000 kg CO2e and Scope 2 emissions at about 105,925,000 kg CO2e. Over the years, the company has shown fluctuations in its emissions, with total emissions recorded at approximately 91,005,000 kg CO2e in 2021 and about 73,971,000 kg CO2e in 2020. Notably, the emissions intensity has improved, with GHG emissions per RMB 1,000 of revenue decreasing from 0.000031 in 2020 to 0.000013 in 2023. Despite these figures, Jl Mag Rare Earth Co has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of defined reduction commitments suggests a need for further transparency regarding their long-term climate strategy.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 2,177,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 71,793,000 | 00,000,000 | 000,000,000 | 00,000,000 |
| 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.
Jl Mag Rare Earth Co is not committed to any reduction initiatives 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.
