Fresnillo Sustainability Profile
Fresnillo plc, a leading precious metals mining company, is headquartered in Mexico (MX) and primarily operates in the rich mineral regions of Mexico and Peru. Founded in 2007, Fresnillo has quickly established itself as a key player in the mining industry, focusing on the extraction of silver and gold. The company is renowned for its high-quality silver production, leveraging advanced mining techniques and sustainable practices. Fresnillo's flagship operations include the Fresnillo and Saucito mines, which are notable for their significant contributions to the global silver market. With a strong market position, Fresnillo has achieved numerous milestones, including being the largest silver producer in Mexico. Its commitment to innovation and sustainability sets it apart in the competitive mining landscape, ensuring a robust future in the precious metals sector.
DitchCarbon Score
How does Fresnillo'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 Salt and Mineral 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
Fresnillo's score of 46 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Fresnillo's reported carbon emissions
In 2023, Fresnillo's total carbon emissions amounted to approximately 1,824,607,000 kg CO2e, comprising 469,146,000 kg CO2e from Scope 1, 355,241,000 kg CO2e from Scope 2, and 700,480,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions included significant contributions from processing of sold products (approximately 456,390,000 kg CO2e) and purchased goods and services (about 157,073,000 kg CO2e). In comparison, the 2022 emissions were approximately 1,968,292,000 kg CO2e, with Scope 1 emissions at 545,970,000 kg CO2e, Scope 2 at 422,279,000 kg CO2e, and Scope 3 at 713,043,000 kg CO2e. This indicates a reduction in total emissions from 2022 to 2023. Fresnillo operates as a current subsidiary of Fresnillo plc, which influences its emissions data and climate commitments. However, there are currently no specific reduction targets or climate pledges disclosed by Fresnillo, nor are there any SBTi (Science Based Targets initiative) reduction targets reported. The company has not outlined any formal climate initiatives or commitments in the provided data. Overall, Fresnillo's emissions profile reflects a significant reliance on Scope 3 emissions, highlighting the importance of addressing upstream and downstream activities in their climate strategy.
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| 2012 | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 375,121,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 329,245,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Fresnillo's Industry?
How Carbon Intensive is Fresnillo's Location?
Fresnillo's Scope 3 Categories Breakdown
Fresnillo's Scope 3 emissions, which decreased by 2% last year and decreased by approximately 4% since 2021, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 46% of total emissions under the GHG Protocol, with "Processing of Sold Products" being the largest emissions source at 65% of Scope 3 emissions.
Top Scope 3 Categories
Fresnillo'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.
Fresnillo 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.
