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 34 is higher than 87% 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 127,818,000 kg CO2e, comprising 82,266,000 kg CO2e from Scope 1 and 43,580,000 kg CO2e from Scope 2 emissions. This marked a notable increase from previous years, reflecting the company's growing operations. In 2022, the company emitted about 112,014,000 kg CO2e, with Scope 1 emissions at 67,412,000 kg CO2e and Scope 2 emissions at 42,831,000 kg CO2e. The trend indicates a rising carbon footprint, which may be attributed to increased production and operational activities. Lynas has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company has disclosed emissions data for Scopes 1 and 2 but has not provided information on Scope 3 emissions, which typically encompass indirect emissions from the supply chain and product use. Overall, while Lynas Rare Earths is actively reporting its emissions, the lack of defined reduction strategies suggests an opportunity for the company to enhance its climate commitments and align with industry standards for sustainability.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 00,000,000 |
| Scope 2 | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | 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.
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.
