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 38.4 million kg CO2e, comprising about 30.9 million kg CO2e from Scope 1 and about 7.5 million kg CO2e from Scope 2 emissions. The company has set ambitious targets to reduce its greenhouse gas emissions by 20% for both Scope 1 and Scope 2 by 2030, using 2020 as the baseline year. This commitment reflects a proactive approach to climate action, aligning with industry standards for carbon footprint measurement. In 2023, Molymet's total emissions were approximately 40.7 million kg CO2e, with Scope 1 emissions at about 31.5 million kg CO2e and Scope 2 emissions at approximately 9.3 million kg CO2e. The company has consistently reported its emissions data, demonstrating transparency and accountability in its climate commitments. Molymet's emissions data is not cascaded from any parent organization, ensuring that its reported figures are independently verified. The company is actively working towards its reduction targets, contributing to broader efforts in the industry to mitigate climate change impacts.
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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.
