Silvercrest Metal Sustainability Profile
Silvercrest Metals Inc., headquartered in California, is a prominent player in the mining industry, specialising in the exploration and development of precious metal resources. Founded in 2010, the company has made significant strides in the sector, particularly in Mexico, where it operates key projects that showcase its commitment to sustainable mining practices. Silvercrest is renowned for its high-grade silver and gold deposits, with a focus on the Las Chispas project, which has garnered attention for its exceptional resource potential. The company’s innovative approach to exploration and development has positioned it as a leader in the market, earning accolades for its operational efficiency and environmental stewardship. With a strong emphasis on quality and sustainability, Silvercrest Metals continues to set benchmarks in the mining industry.
DitchCarbon Score
How does Silvercrest Metal'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 Precious Metal Production 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
Silvercrest Metal's score of 17 is lower than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Silvercrest Metal's reported carbon emissions
In 2022, Silvercrest Metals, headquartered in California, reported total carbon emissions of approximately 19,126,000 kg CO2e. This figure includes 11,137,000 kg CO2e from Scope 1 emissions and 8,098,000 kg CO2e from Scope 2 emissions. Notably, the company has not disclosed any Scope 3 emissions data. Despite the significant emissions figures, Silvercrest Metals has not established specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction strategies suggests a need for further development in their sustainability efforts. It is important to note that the emissions data is cascaded from SilverCrest Metals Inc., reflecting their current subsidiary status. The company is part of a broader corporate family, which may influence its environmental strategies and reporting practices. Overall, while Silvercrest Metals has made strides in transparency regarding their emissions, the lack of defined reduction targets indicates an opportunity for enhanced climate action in the future.
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| 2022 | |
|---|---|
| Scope 1 | 11,137,000 |
| Scope 2 | 8,098,000 |
| Scope 3 | - |
How Carbon Intensive is Silvercrest Metal's Industry?
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Silvercrest Metal'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.
Silvercrest Metal 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.
