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 20 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Lynas Rare Earths's reported carbon emissions
In 2023, Lynas Rare Earths reported total carbon emissions of approximately 42,952,000 kg CO2e for Scope 1 and 43,568,000 kg CO2e for Scope 2 emissions in Malaysia. This follows a trend of emissions in previous years, with 2022 figures showing about 40,807,000 kg CO2e for Scope 1 and 42,831,000 kg CO2e for Scope 2 in the same region. Globally, in 2023, the company recorded approximately 29,990,000 kg CO2e for Scope 1 and 42,831,000 kg CO2e for Scope 2 emissions, contributing to a total of about 127,818,000 kg CO2e for Scope 1 and 2 combined. The company has shown a commitment to reducing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. Lynas's emissions data indicates a focus on managing Scope 1 and Scope 2 emissions, which are directly related to their operations and energy consumption. However, there is no information available regarding any specific science-based targets or climate pledges that the company has committed to. Overall, Lynas Rare Earths is actively monitoring its carbon emissions, with a clear emphasis on transparency in reporting, but further details on reduction strategies and commitments would enhance their climate action profile.
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Add to project| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 61,797,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 45,407,000 | 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 committed to some 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.
