First Quantum Minerals
First Quantum Minerals Ltd., commonly referred to as First Quantum, is a leading global mining company headquartered in Canada. Established in 1983, the company has grown significantly, with major operations in regions such as Africa, Australia, and South America. Specialising in the production of copper, nickel, and gold, First Quantum is renowned for its innovative mining techniques and commitment to sustainable practices. The company’s flagship projects, including the Kansanshi mine in Zambia and the Cobre Panama project, highlight its position as a key player in the mining industry. First Quantum's focus on high-quality production and operational efficiency has earned it a reputation for excellence, making it a notable contender in the global market. With a strong emphasis on environmental stewardship and community engagement, First Quantum Minerals continues to set benchmarks in the mining sector.
DitchCarbon Score
How does First Quantum Minerals'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 Copper Mining 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
First Quantum Minerals's score of 53 is higher than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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First Quantum Minerals's reported carbon emissions
In 2024, First Quantum Minerals reported total carbon emissions of approximately 1,797,000 kg CO2e. This figure includes Scope 1 emissions of about 1,700,000 kg CO2e, Scope 2 emissions of approximately 729,000 kg CO2e, and Scope 3 emissions totalling around 1,797,000 kg CO2e. The company's emissions from processing sold products, fuel and energy-related activities, and downstream transportation and distribution were also noted. In comparison, the 2023 emissions data indicated a total of about 4,082,000 kg CO2e, with Scope 1 emissions at approximately 3,667,000 kg CO2e, Scope 2 at around 415,000 kg CO2e, and Scope 3 emissions reaching about 2,963,000 kg CO2e. The trend shows a significant reduction in total emissions from 2023 to 2024. First Quantum Minerals has set ambitious climate commitments, targeting a 50% reduction in absolute Scope 1 and 2 greenhouse gas emissions and copper production CO2e intensity by 2035. This target is contingent upon the decarbonisation of power at their operational sites, with the initiative starting in 2020. The company is currently on track to meet its two-year and five-year milestones for this reduction goal.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 3,268,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 496,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
First Quantum Minerals is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
