NextSource Materials Sustainability Profile
NextSource Materials Inc., headquartered in California, is a leading player in the critical minerals industry, specialising in the development of graphite and other essential materials for the green economy. Founded in 2011, the company has made significant strides in establishing its flagship Molo Graphite Project in Madagascar, which is poised to become a key supplier of high-quality graphite for battery production and other applications. NextSource Materials is committed to sustainable practices, ensuring that its products not only meet the growing demand for renewable energy solutions but also adhere to environmental standards. With a strong market position and a focus on innovation, the company is well-equipped to support the transition to a low-carbon future, making it a notable contender in the global materials sector.
DitchCarbon Score
How does NextSource 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 Business Services 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
NextSource Materials's score of 33 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
NextSource Materials's reported carbon emissions
In 2023, NextSource Materials reported total carbon emissions of approximately 1,050,400 kg CO2e, comprising 518,040 kg CO2e from Scope 1, 7,160 kg CO2e from Scope 2, and 525,200 kg CO2e from Scope 3 emissions. This reflects a significant increase from 2022, where total emissions were approximately 660,400 kg CO2e, with Scope 1 emissions at 326,020 kg CO2e, Scope 2 at 4,180 kg CO2e, and Scope 3 at 330,200 kg CO2e. In 2021, the company reported total emissions of approximately 67,572,000 kg CO2e, with Scope 1 emissions at 37,134,000 kg CO2e, Scope 2 at 4,643,000 kg CO2e, and Scope 3 at 25,795,000 kg CO2e. The data indicates a trend of fluctuating emissions over the years, with no specific reduction targets or climate pledges currently established by the company. NextSource Materials has not disclosed any specific initiatives or commitments towards reducing its carbon footprint, nor does it inherit emissions data from a parent company. The absence of reduction targets suggests a need for the company to develop a comprehensive climate strategy to address its emissions and align with industry standards.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 37,134,000 | 000,000 | 000,000 |
| Scope 2 | 4,643,000 | 0,000 | 0,000 |
| Scope 3 | 25,795,000 | 000,000 | 000,000 |
How Carbon Intensive is NextSource Materials's Industry?
How Carbon Intensive is NextSource Materials's Location?
NextSource Materials'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.
NextSource Materials has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
