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Sociedad Química y Minera de Chile (SQM) is a leading player in the chemicals nec industry, headquartered in Santiago, Chile. Founded in 1968, SQM has established itself as a key provider of specialty fertilisers, lithium, iodine, and other industrial chemicals, primarily serving markets across South America, North America, and Europe.
The company is renowned for its innovative approach to sustainable mining and production processes, particularly in lithium extraction, which is crucial for the growing electric vehicle market. SQM's commitment to quality and sustainability has positioned it as a market leader, with notable achievements including significant contributions to the global supply of lithium and iodine. With a strong focus on research and development, SQM continues to drive advancements in the chemicals sector, reinforcing its reputation as a trusted partner in the industry.
48
DitchCarbon score
+16 vs industry average
Sociedad Quimica Y Minera’s score of 48 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very High
Chemicals is among the most carbon-intensive industries
Industry performance
0.523
20182025
The Chemicals industry has reduced its overall emissions by 19% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Sociedad Quimica Y Minera's reported carbon emissions
Sociedad Quimica Y Minera, headquartered in CL and operating in the Chemicals nec industry, reported total carbon emissions of approximately 1.92 billion kg CO2e in 2024. This included about 504.9 million kg CO2e from Scope 1 emissions, 512.4 million kg CO2e from Scope 2 emissions, and 904.5 million kg CO2e from Scope 3 emissions. Looking ahead to 2025, the company projects a decrease in total emissions to approximately 1.78 billion kg CO2e.
The company has set several climate commitments:
- Carbon Neutrality: Sociedad Quimica Y Minera aims for carbon neutrality for its Lithium, KCl, and SOP, Iodine products by 2030, and for all products by 2040.
- Emissions Reduction Targets (2031): The company expects a 42% absolute reduction in Scope 1 and 2 emissions and a 52% intensity reduction in Scope 3 emissions by 2031, compared to a 2021 baseline. Specifically for SQM Lithium, there is a commitment to reduce absolute Scope 1 and 2 GHG emissions by 46.2% by 2031, using 2021 as the base year.
- Near-term Reduction (2030): Sociedad Quimica Y Minera is targeting a 60% reduction in emissions by 2030.
- Long-term Net-Zero (2040): For lithium and potassium chloride, the company aspires to be carbon neutral by 2030, and for all products by 2040, against a 2019 baseline. This entails a 90% reduction and a 10% offset of emissions by 2040.
Sociedad Quimica Y Minera has committed to Science Based Targets (SBTi), with a near-term target status of "Committed" as of October 2021, and its SBTi targets are cascaded from Sociedad Química y Minera de Chile S.A.
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Sociedad Quimica Y Minera’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
See details
Active
Carbon Disclosure Project
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Not active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Sociedad Quimica Y Minera4 months ago
48
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Frequently asked questions
Common questions about Sociedad Quimica Y Minera’s sustainability data and climate commitments
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