Mp Materials
Mp Materials, officially known as MP Materials Corp., is a leading player in the rare earth materials industry, headquartered in the United States. Founded in 2017, the company has rapidly established itself as a key supplier of high-purity rare earth materials, essential for various advanced technologies, including electric vehicles, renewable energy systems, and consumer electronics. With major operations in Mountain Pass, California, Mp Materials is renowned for its unique ability to produce neodymium and praseodymium, critical components in powerful permanent magnets. The company’s commitment to sustainable practices and domestic production has positioned it as a vital contributor to the US supply chain, particularly in the context of growing demand for clean energy solutions. Notably, Mp Materials has achieved significant milestones, including becoming the largest producer of rare earth materials in North America, reinforcing its market leadership and commitment to innovation.
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 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
Mp Materials's score of 23 is higher than 84% 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 total carbon emissions of approximately 73,627,000 kg CO2e, with Scope 1 emissions accounting for about 73,627,000 kg CO2e and Scope 2 emissions at approximately 1,080,000 kg CO2e. The previous year, 2022, saw emissions of about 56,566,000 kg CO2e for Scope 1 and approximately 860,000 kg CO2e for Scope 2, indicating a significant increase in emissions. In 2021, the company reported Scope 1 emissions of about 24,408,000 kg CO2e and Scope 2 emissions of approximately 8,712,000 kg CO2e. Despite the increase in emissions over the years, Mp Materials has not disclosed specific reduction targets or initiatives aimed at mitigating their carbon footprint. The absence of documented climate pledges or SBTi (Science Based Targets initiative) reduction targets suggests that the company may still be in the early stages of formalising its climate commitments. As a leading player in the materials sector, Mp Materials is positioned to enhance its sustainability efforts and align with industry standards for carbon reduction.
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| 2021 | 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.
