Lynas Rare Earths
Lynas Rare Earths Limited, commonly referred to as Lynas, is a leading player in the rare earths industry, headquartered in Malaysia. Founded in 1983, the company has established itself as a key supplier of high-quality rare earth materials, primarily serving the growing demand in sectors such as electronics, renewable energy, and automotive industries. With major operational regions in Australia and Malaysia, Lynas is renowned for its unique processing capabilities, particularly in the extraction of neodymium and praseodymium, essential for manufacturing powerful magnets. The company has achieved significant milestones, including becoming one of the largest rare earth producers outside of China, positioning itself as a critical contributor to the global supply chain. Lynas continues to innovate and expand, solidifying its market position through sustainable practices and a commitment to responsible sourcing.
DitchCarbon Score
How does Lynas Rare Earths'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
Lynas Rare Earths's score of 24 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Lynas Rare Earths's reported carbon emissions
In 2023, Lynas Rare Earths, headquartered in Malaysia (MY), reported total carbon emissions of approximately 84,301,000 kg CO2e for Scope 1 and about 43,568,000 kg CO2e for Scope 2, resulting in a combined total of approximately 127,869,000 kg CO2e. This marks a slight increase in emissions compared to 2022, where Scope 1 emissions were about 40,807,000 kg CO2e and Scope 2 emissions were approximately 42,831,000 kg CO2e, leading to a total of around 83,638,000 kg CO2e. Lynas has not disclosed any Scope 3 emissions data, indicating a focus on direct and indirect emissions from their operations. The company has not set specific reduction targets under the Science Based Targets initiative (SBTi) or other formal climate pledges, which suggests a need for further commitment to climate action. Overall, while Lynas Rare Earths has made strides in reporting its emissions, the absence of reduction targets and the increase in emissions highlight the importance of developing a comprehensive climate strategy to address its carbon footprint effectively.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 10,510,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 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.
Lynas Rare Earths is participating in some 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.
