Magellan Minerals Ltd. Sustainability Profile
Magellan Minerals Ltd., a prominent player in the mining industry, is headquartered in Canada and primarily operates in Brazil. Founded in 2007, the company has established itself as a key entity in mineral exploration and development, focusing on gold and other precious metals. Magellan's unique approach combines innovative exploration techniques with a commitment to sustainable practices, setting it apart in a competitive market. With significant projects in the prolific mineral regions of Brazil, Magellan Minerals has achieved notable milestones, including successful resource discoveries and strategic partnerships. The company’s dedication to high-quality resource management and operational excellence has solidified its position as a respected name in the mining sector, making it a valuable contributor to the global minerals landscape.
DitchCarbon Score
How does Magellan Minerals Ltd.'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 Lead, Zinc, and Tin Processing 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
Magellan Minerals Ltd.'s score of 22 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Magellan Minerals Ltd., headquartered in Canada, currently does not have specific carbon emissions data available for the most recent year. The company is a current subsidiary of Equinox Gold Corp., which may influence its climate commitments and emissions reporting. As of now, there are no documented reduction targets or climate pledges from Magellan Minerals Ltd. However, emissions data and performance metrics may be inherited from its parent company, Equinox Gold Corp., which operates under industry-standard climate initiatives. This cascading of data suggests that any climate commitments or emissions reductions may align with those of Equinox Gold Corp., although specific figures and targets are not disclosed. In the absence of direct emissions data, it is important to note that Magellan Minerals Ltd. is positioned within an industry increasingly focused on sustainability and carbon footprint reduction. The company may adopt similar strategies and initiatives as its parent organization to address climate change and enhance its environmental performance in the future.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 270,452,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 108,011,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - |
How Carbon Intensive is Magellan Minerals Ltd.'s Industry?
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Magellan Minerals Ltd.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Magellan Minerals Ltd. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
