Molymet Sustainability Profile
Molymet, officially known as Molibdenos y Metales S.A., is a leading player in the global molybdenum industry, headquartered in Chile (CL). Founded in 1966, the company has established itself as a key supplier of molybdenum and its derivatives, serving various sectors including mining, metallurgy, and chemical industries. With operations spanning across South America, North America, and Europe, Molymet is renowned for its high-quality products such as molybdenum concentrates, oxides, and metal powders. The company’s commitment to innovation and sustainability has positioned it as a market leader, achieving significant milestones in production efficiency and environmental stewardship. Molymet's unique offerings and strategic partnerships have solidified its reputation, making it a trusted name in the molybdenum supply chain.
DitchCarbon Score
How does Molymet'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
Molymet's score of 41 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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Molymet's reported carbon emissions
In 2024, Molymet reported total greenhouse gas emissions of approximately 256,662,000 kg CO2e, comprising 30,887,000 kg CO2e from Scope 1 and 7,527,000 kg CO2e from Scope 2 emissions. This represents a decrease from 2023, where total emissions were about 294,191,000 kg CO2e, with Scope 1 emissions at 31,463,000 kg CO2e and Scope 2 at 9,255,000 kg CO2e. Molymet has set ambitious climate commitments, aiming to reduce its greenhouse gas emissions by 20% for both Scope 1 and Scope 2 by 2030, using 2020 as the baseline year. This target reflects the company's commitment to applying carbon footprint measurement methods to track progress effectively. The emissions data is sourced from Molibdenos y Metales S.A., the parent company, and is not cascaded from any other organization. As of now, there are no reported Scope 3 emissions, indicating a focus on direct and indirect emissions from energy consumption. Overall, Molymet's proactive approach to emissions reduction and commitment to sustainability positions it as a responsible player in the industry, aligning with global climate goals.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 25,703,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 25,973,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - | - | - |
How Carbon Intensive is Molymet's Industry?
How Carbon Intensive is Molymet's Location?
Molymet'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.
Molymet has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
