Magnesium Elektron Limited Sustainability Profile
Magnesium Elektron Limited, a leading name in the magnesium industry, is headquartered in Great Britain and operates extensively across Europe and North America. Founded in the early 20th century, the company has established itself as a pioneer in the production of high-performance magnesium alloys, catering primarily to the aerospace, automotive, and electronics sectors. With a commitment to innovation, Magnesium Elektron offers a range of unique products, including lightweight alloys that enhance performance and reduce emissions. The company is recognised for its advanced manufacturing processes and stringent quality standards, positioning it as a trusted supplier in the global market. Notable achievements include significant contributions to aerospace applications, underscoring its role as a key player in the magnesium sector.
DitchCarbon Score
How does Magnesium Elektron Limited'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 Chemicals 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
Magnesium Elektron Limited's score of 30 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Magnesium Elektron Limited, headquartered in Great Britain, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. The company is a current subsidiary of Luxfer Holdings PLC, which may influence its climate commitments and reporting practices. As part of its corporate family, Magnesium Elektron Limited's climate initiatives and reduction targets are likely aligned with those of Luxfer Holdings PLC. However, no specific reduction targets or climate pledges have been documented for Magnesium Elektron Limited itself. The lack of reported emissions data suggests that the company may still be in the process of establishing its own climate strategy or may rely on the overarching commitments of its parent company. In the context of industry standards, Magnesium Elektron Limited's approach to carbon emissions and climate commitments will be crucial as the sector increasingly focuses on sustainability and reducing environmental impact. The absence of specific data highlights an opportunity for the company to enhance its transparency and commitment to climate action in the future.
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| 2016 | 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 62,707,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 43,011,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - |
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Magnesium Elektron Limited'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.
Magnesium Elektron Limited 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.
