NextSource Materials
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 23 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
NextSource Materials's reported carbon emissions
In 2023, NextSource Materials reported a significant reduction in carbon emissions, with total Scope 1 emissions amounting to approximately 733,802 kg CO2e. Notably, there were no Scope 2 emissions recorded for this year. This marks a substantial decrease from 2021, when the company emitted about 37,134,000 kg CO2e in Scope 1 and approximately 4,643,000 kg CO2e in Scope 2, alongside Scope 3 emissions of about 25,795,000 kg CO2e. The 2021 emissions breakdown reveals that Scope 3 emissions included approximately 2,275,000 kg CO2e from capital goods and about 11,339,000 kg CO2e from purchased goods and services. The drastic reduction in emissions from 2021 to 2023 highlights NextSource Materials' commitment to improving its carbon footprint. Despite the impressive reductions, there are currently no publicly disclosed reduction targets or climate pledges from the company. NextSource Materials continues to focus on enhancing its sustainability practices within the industry context, aiming for further improvements in its emissions profile.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2021 | 2023 | |
|---|---|---|
| Scope 1 | 37,134,000 | 000,000 |
| Scope 2 | 4,643,000 | - |
| Scope 3 | 25,795,000 | - |
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.
NextSource 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.
