Mytilineos Holdings

Mytilineos Holdings, headquartered in Greece and operating in the Electricity by gas industry, has demonstrated a fluctuating carbon footprint with a commitment to significant reductions.

In the anticipated 2025 reporting year, Mytilineos Holdings projects its total carbon emissions to be approximately 13.3 billion kg CO2e. This includes an estimated 4.06 billion kg CO2e from Scope 1 emissions, 775.6 million kg CO2e from market-based Scope 2 emissions, and approximately 8.56 billion kg CO2e from Scope 3 emissions. Key contributors to Scope 3 are capital goods (2.70 billion kg CO2e), purchased goods and services (1.77 billion kg CO2e), and fuel and energy-related activities (1.20 billion kg CO2e).

For the 2024 reporting year, Mytilineos Holdings reported total carbon emissions of approximately 12.8 billion kg CO2e. This comprised 3.96 billion kg CO2e in Scope 1 emissions, 1.06 billion kg CO2e in market-based Scope 2 emissions, and approximately 7.77 billion kg CO2e in Scope 3 emissions.

In 2023, the company reported total emissions of approximately 12.23 billion kg CO2e, with Scope 1 emissions at 2.73 billion kg CO2e, market-based Scope 2 emissions at 1.56 billion kg CO2e, and Scope 3 emissions at 7.94 billion kg CO2e. Key Scope 3 categories included use of sold products (2.41 billion kg CO2e) and capital goods (1.71 billion kg CO2e).

Looking back, Mytilineos Holdings's total emissions for 2022 were approximately 12.65 billion kg CO2e. This included 2.64 billion kg CO2e from Scope 1, 1.28 billion kg CO2e from market-based Scope 2, and 8.72 billion kg CO2e from Scope 3.

Mytilineos Holdings has set ambitious climate commitments. The company aims to reduce total Scope 1 and Scope 2 CO2 emissions by 30% by 2030, using 2019 as a base year. Furthermore, Mytilineos Holdings is committed to achieving net-zero emissions across all scopes by 2050. Specific sub-targets include a 65% reduction in overall Scope 1 and Scope 2 emissions and a 75% reduction in specific production emissions per tonne of aluminium by 2030 for the Metallurgy Sector (compared to 2019 levels). The Energy Sector targets a 50% reduction of specific CO2 emissions per MWh produced by 2030 (from a 2019 baseline). The company's near-term target status with the Science Based Targets initiative (SBTi) is currently "Removed," and its net-zero commitment is listed as "No."