First Quantum Minerals

First Quantum Minerals, a Canadian company operating in the copper ores and concentrates industry, reported total carbon emissions of approximately 1.93 billion kg CO2e in 2024. This includes Scope 1 emissions of approximately 1.70 billion kg CO2e, Scope 2 emissions of about 729 million kg CO2e, and Scope 3 emissions of approximately 1.93 billion kg CO2e. Key categories contributing to Scope 3 emissions in 2024 were purchased goods and services (approximately 1.03 billion kg CO2e), fuel and energy-related activities (around 383 million kg CO2e), and processing of sold products (approximately 349 million kg CO2e).

Looking ahead to 2025, First Quantum Minerals projects its total carbon emissions to be approximately 1.93 billion kg CO2e. This projection includes Scope 1 emissions of approximately 1.59 billion kg CO2e, Scope 2 emissions of about 555 million kg CO2e, and Scope 3 emissions of approximately 1.93 billion kg CO2e. For 2025, the main Scope 3 contributors are projected to be purchased goods and services (around 1.03 billion kg CO2e), fuel and energy-related activities (approximately 369 million kg CO2e), and processing of sold products (about 378 million kg CO2e).

In 2023, the company reported Scope 1 emissions of approximately 3.67 billion kg CO2e, Scope 2 emissions of about 415 million kg CO2e, and Scope 3 emissions of approximately 2.96 billion kg CO2e. In 2022, Scope 1 emissions were approximately 4.02 billion kg CO2e, Scope 2 emissions were about 360 million kg CO2e, and Scope 3 emissions were approximately 2.96 billion kg CO2e.

First Quantum Minerals has set significant climate commitments. The company targets a 50% reduction in absolute Scope 1 and Scope 2 GHG emissions by 2035, with a baseline year of 2020. This target is dependent on the decarbonisation of power at both their sites. Additionally, they aim for a 30% reduction in absolute GHG emissions by 2025, with 2020 as the base year, and a 50% reduction in absolute GHG emissions by 2030. They also target a 50% reduction in the GHG intensity of copper mined at their operations by 2030.