Mp Materials
Mp Materials, officially known as MP Materials Corp., is a leading player in the rare earth materials industry, headquartered in Las Vegas, Nevada. Founded in 2017, the company has rapidly established itself as a key supplier of rare earth elements, primarily serving the electric vehicle, renewable energy, and advanced technology sectors. With significant operations in Mountain Pass, California, Mp Materials is renowned for its unique ability to produce high-purity rare earth oxides, which are essential for manufacturing permanent magnets. The company has achieved notable milestones, including becoming the largest producer of rare earth materials in North America. Its commitment to sustainable practices and domestic supply chain development positions Mp Materials as a pivotal force in the transition to clean energy and advanced manufacturing.
DitchCarbon Score
How does Mp Materials'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 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
Mp Materials's score of 20 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Mp Materials's reported carbon emissions
In 2023, Mp Materials reported carbon emissions of approximately 73.6 million tonnes CO2e, with 73.6 million tonnes attributed to Scope 1 emissions and about 1.1 million tonnes from Scope 2 emissions. The breakdown of Scope 1 emissions includes around 11 million tonnes from mobile combustion, approximately 2.7 million tonnes from process emissions, and about 59.9 million tonnes from stationary combustion. In 2022, the company recorded total emissions of about 56.6 million tonnes CO2e, with Scope 1 emissions at approximately 56 million tonnes and Scope 2 emissions around 0.9 million tonnes. Additionally, Scope 3 emissions from purchased goods and services were reported at about 2.4 million tonnes. Comparatively, in 2021, Mp Materials' emissions were approximately 24.4 million tonnes CO2e for Scope 1 and about 8.7 million tonnes for Scope 2. Despite these figures, there are currently no publicly stated reduction targets or initiatives from Mp Materials to mitigate their carbon footprint. The company has not committed to any specific climate pledges or reduction strategies, indicating a potential area for future focus in their sustainability efforts.
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Add to project2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 24,408,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 8,712,000 | 000,000 | 0,000,000 |
| Scope 3 | - | 0,000,000 | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Mp Materials is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
