SQM Iodine Sustainability Profile
SQM Iodine, a subsidiary of Sociedad Química y Minera de Chile, is a leading player in the global iodine market, headquartered in Chile (CL). Established in the early 20th century, the company has evolved significantly, marking key milestones in the development of iodine extraction and production technologies. Operating primarily in South America, SQM Iodine focuses on the extraction and processing of iodine and its derivatives, catering to diverse industries such as pharmaceuticals, agriculture, and electronics. Their core products, including high-purity iodine and iodinated compounds, are distinguished by their quality and sustainability practices. With a strong market position, SQM Iodine is recognised for its commitment to innovation and environmental responsibility, solidifying its reputation as a trusted supplier in the iodine sector.
DitchCarbon Score
How does SQM Iodine'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
SQM Iodine's score of 30 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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SQM Iodine's reported carbon emissions
In 2023, SQM Iodine reported total carbon emissions of approximately 1,713,957,000 kg CO2e. This figure includes Scope 1 emissions of about 308,815,000 kg CO2e, Scope 2 emissions of around 536,571,000 kg CO2e, and Scope 3 emissions totalling approximately 868,571,000 kg CO2e. Comparatively, in 2022, the company’s total emissions were about 1,481,487,000 kg CO2e, with Scope 1 at approximately 300,298,000 kg CO2e, Scope 2 at around 508,076,000 kg CO2e, and Scope 3 at about 673,113,000 kg CO2e. This indicates a significant increase in emissions year-on-year. SQM Iodine has not disclosed any specific reduction targets or initiatives as part of its climate commitments. The company does not appear to have cascaded emissions data from a parent organization, and it operates independently in its reporting. Overall, SQM Iodine's emissions data reflects its operational impact on climate change, and the absence of defined reduction strategies suggests an area for potential improvement in its sustainability efforts.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 179,538,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 301,284,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 412,548,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is SQM Iodine's Industry?
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SQM Iodine'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.
SQM Iodine 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.
