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, with Scope 1 emissions at about 30,887,000 kg CO2e and Scope 2 emissions at approximately 7,527,000 kg CO2e. This data reflects a commitment to transparency in emissions reporting, although no Scope 3 emissions data has been disclosed. Molymet has set ambitious reduction targets, aiming to decrease greenhouse gas emissions by 20% for both Scope 1 and Scope 2 by 2030, using 2020 as the baseline year. This commitment underscores their proactive approach to climate action and aligns with industry standards for carbon footprint measurement. The emissions data is sourced directly from Molibdenos y Metales S.A., the parent company, ensuring that the figures are reflective of the organisation's overall performance. As of now, there are no specific targets set under the Science Based Targets initiative (SBTi), but the company's outlined goals demonstrate a clear pathway towards reducing their carbon footprint in the coming years.
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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.
