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 total carbon emissions of approximately 27,375,900 kg CO2e, comprising 28,738,000 kg CO2e from Scope 1 and 91,200 kg CO2e from Scope 2 emissions. This data reflects a significant operational footprint, particularly in Scope 1 emissions, which are primarily associated with direct emissions from owned or controlled sources. Galaxy Resources has set ambitious climate commitments, aiming to reduce its Scope 1 emissions by 50% by 2030 from a 2023 baseline. Similarly, the company targets a 50% reduction in Scope 2 emissions by the same year. These initiatives are part of a broader strategy to enhance the use of sustainable energy, which is expected to contribute to the decarbonisation of its operations. The emissions data for 2020 is cascaded from Galaxy Resources Limited, with no Scope 3 emissions reported. The company is committed to achieving its long-term sustainability goals, which include expanding its sustainable energy usage to lower production costs and reduce greenhouse gas emissions. Overall, Galaxy Resources is actively working towards significant emissions reductions while maintaining transparency in its climate commitments and performance.
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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.
