Galaxy Resources Sustainability Profile
Galaxy Resources Limited, commonly referred to as Galaxy Resources, is a leading player in the lithium industry, headquartered in Australia. Established in 1996, the company has made significant strides in the extraction and production of lithium hydroxide and lithium carbonate, essential components for electric vehicle batteries and renewable energy storage solutions. With major operations in Australia and Canada, Galaxy Resources is renowned for its commitment to sustainable mining practices and innovative processing techniques. The company’s flagship projects, including the Sal de Vida lithium brine project in Argentina, highlight its strategic focus on high-quality lithium production. Recognised for its strong market position, Galaxy Resources has achieved notable milestones, including successful partnerships and expansions that bolster its reputation as a reliable supplier in the rapidly growing electric vehicle market.
DitchCarbon Score
How does Galaxy Resources'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
Galaxy Resources's score of 34 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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Galaxy Resources's reported carbon emissions
In 2020, Galaxy Resources, headquartered in Australia, reported significant carbon emissions, totalling approximately 27,307,000 kg CO2e from Scope 1 and 68,900 kg CO2e from Scope 2, resulting in a combined total of about 27,375,900 kg CO2e. This data reflects their operational impact within Australia, where they generated revenue of approximately USD 55,293,000. Galaxy Resources has set ambitious climate commitments, aiming to reduce its Scope 1 emissions by 50% by 2030, using a 2023 baseline. Similarly, they plan to achieve a 50% reduction in Scope 2 emissions by the same year. These targets are part of their broader strategy to enhance sustainable energy use, which is expected to lower production costs while contributing to the decarbonisation of their operations. The emissions data for Galaxy Resources is cascaded from its parent company, Arcadium Lithium plc, indicating a structured approach to climate accountability within the corporate family. The company is committed to long-term sustainability goals, focusing on reducing greenhouse gas emissions and transitioning to more sustainable energy sources.
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| 2019 | 2020 | |
|---|---|---|
| Scope 1 | 36,209,000 | 00,000,000 |
| Scope 2 | 142,000 | 00,000 |
| Scope 3 | - | - |
How Carbon Intensive is Galaxy Resources's Industry?
How Carbon Intensive is Galaxy Resources's Location?
Galaxy Resources'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.
Galaxy Resources 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.
