Silvercorp Metals
Silvercorp Metals Inc., a prominent player in the mining industry, is headquartered in Canada and primarily operates in the silver and precious metals sector. Founded in 2003, the company has established itself as a leader in the exploration, development, and production of silver, with significant operations in China. Silvercorp is renowned for its high-grade silver mines, particularly the Ying Mining District, which showcases the company's commitment to sustainable mining practices and operational excellence. With a focus on silver, lead, and zinc production, Silvercorp has achieved notable milestones, including consistent profitability and a strong market position within the industry. The company's unique approach to resource extraction and its dedication to environmental stewardship set it apart, making Silvercorp Metals a key player in the global precious metals market.
DitchCarbon Score
How does Silvercorp Metals'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 Other Non-Ferrous Metal Products 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
Silvercorp Metals's score of 22 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Silvercorp Metals's reported carbon emissions
In 2024, Silvercorp Metals, headquartered in Canada, reported total greenhouse gas emissions of approximately 85,753,000 kg CO2e, comprising 2,287,000 kg CO2e from Scope 1 and about 83,466,000 kg CO2e from Scope 2 emissions. This marks a significant increase from 2023, where emissions were approximately 76,748,000 kg CO2e, with Scope 1 emissions at 1,870,000 kg CO2e and Scope 2 emissions at about 74,878,000 kg CO2e. Silvercorp has set ambitious interim targets to reduce its greenhouse gas emissions intensity by 20% by 2030, compared to 2020 levels, for both Scope 1 and Scope 2 emissions. This commitment reflects the company's proactive approach to addressing climate change and aligns with industry standards for emissions reduction. The company has not disclosed any Scope 3 emissions data, indicating a potential area for future reporting and improvement. Silvercorp's emissions data is sourced directly from its own reporting, with no cascaded data from parent or related organizations. Overall, Silvercorp Metals is taking steps towards sustainability by committing to measurable emissions reduction targets, although the increase in emissions in 2024 highlights the ongoing challenges in achieving these goals.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 2,032,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 56,240,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - |
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.
Silvercorp Metals is not participating in any of the initiatives that 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.
