Adriatic Metals Sustainability Profile
Adriatic Metals Plc, a prominent player in the mining industry, is headquartered in Great Britain and primarily operates in the Balkans region, particularly in Bosnia and Herzegovina. Founded in 2017, the company has quickly established itself as a leader in the exploration and development of high-grade silver and zinc projects, notably the Vares Project. Adriatic Metals is renowned for its commitment to sustainable mining practices and innovative extraction techniques, which set it apart in a competitive market. The company has achieved significant milestones, including successful resource estimates and advancing its projects towards production. With a strong focus on environmental stewardship and community engagement, Adriatic Metals continues to enhance its market position, making it a noteworthy entity in the global mining landscape.
DitchCarbon Score
How does Adriatic 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 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
Adriatic Metals's score of 28 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Adriatic Metals's reported carbon emissions
In 2023, Adriatic Metals reported significant carbon emissions, totalling approximately 6,448,740 kg CO2e from Scope 1 mobile combustion and 1,104,300 kg CO2e from process emissions. Additionally, Scope 3 emissions from employee commuting reached about 9,403,100 kg CO2e. The total Scope 1 and 2 emissions amounted to approximately 575,357,220 kg CO2e. In 2022, the company recorded minimal emissions in the UK, with Scope 2 emissions from purchased electricity at about 2,100 kg CO2e. Globally, the 2022 emissions included approximately 575,357,220 kg CO2e from Scope 1, with 303,300 kg CO2e from Scope 2, and 9,403,060 kg CO2e from Scope 3. Adriatic Metals has not set specific reduction targets or initiatives as part of their climate commitments, and there are no disclosed SBTi targets. The emissions data is cascaded from their parent company, Adriatic Metals PLC, indicating a corporate family relationship. Overall, while Adriatic Metals has made strides in reporting emissions, their climate strategy appears to lack defined reduction goals at this time.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 575,357,220 | 0,000,000 |
| Scope 2 | 303,300 | - |
| Scope 3 | 9,403,060 | 0,000,000 |
How Carbon Intensive is Adriatic Metals's Industry?
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Adriatic Metals's Scope 3 Categories Breakdown
Adriatic Metals's Scope 3 emissions, which increased by 0% last year and increased by approximately 0% since 2022, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 2% of total emissions under the GHG Protocol, with "Employee Commuting" representing nearly all of their reported Scope 3 footprint.
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Adriatic Metals'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.
Adriatic Metals 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.
