Hochschild Mining
Hochschild Mining plc, a prominent player in the chemical and fertilizer minerals sector, is headquartered in Great Britain. Founded in 1911, the company has established a strong presence in the mining and quarrying industry, focusing on the extraction of silver, gold, and other valuable minerals. With major operations in South America, particularly in Peru and Argentina, Hochschild Mining has built a reputation for its commitment to sustainable practices and innovative mining techniques.
The company’s core products include high-grade silver and gold, which are essential for various industrial applications. Hochschild Mining is recognised for its operational excellence and has achieved significant milestones, including the development of several key mining projects that enhance its market position. As a leader in the sector, Hochschild Mining continues to drive advancements in mining technology while prioritising environmental stewardship.
+20 vs industry average
Hochschild Mining’s score of 38 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Salt and Mineral Mining has above-average carbon intensity
Industry performance
The Salt and Mineral Mining industry has reduced its overall emissions by 66% since 2019
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Hochschild Mining's reported carbon emissions
Hochschild Mining, a UK-based company operating in the chemical and fertilizer minerals, salt and other mining and quarrying products sector, has outlined ambitious climate commitments. The company aims to achieve Net-Zero emissions by 2050 and has set a near-term target to reduce its Scope 1 and 2 Greenhouse Gas (GHG) emissions by 30% by 2030, using a 2021 baseline.
For the reporting year 2023, Hochschild Mining reported total Scope 1 emissions of approximately 42.4 million kg CO2e. Scope 2 emissions, using the location-based method, were approximately 64.6 million kg CO2e, with market-based Scope 2 emissions at around 13.5 million kg CO2e. Scope 3 emissions for the same year were approximately 26.0 million kg CO2e. This resulted in a total of approximately 107.0 million kg CO2e for Scope 1 and 2 (location-based) in 2023.
In 2022, the company reported Scope 1 emissions of approximately 45.4 million kg CO2e, Scope 2 (location-based) of approximately 68.1 million kg CO2e, and Scope 3 emissions of approximately 29.7 million kg CO2e. Total Scope 1 and 2 (location-based) emissions for 2022 were approximately 113.5 million kg CO2e.
Looking at earlier years, in 2021, Hochschild Mining's Scope 1 emissions were approximately 46.3 million kg CO2e, Scope 2 (location-based) emissions were around 58.1 million kg CO2e, and Scope 3 emissions were approximately 24.8 million kg CO2e, making total Scope 1 and 2 (location-based) emissions approximately 104.5 million kg CO2e.
For 2020, Scope 1 emissions were approximately 40.6 million kg CO2e, with Scope 2 (location-based) at approximately 41.3 million kg CO2e, and total Scope 1 and 2 (location-based) emissions standing at approximately 81.9 million kg CO2e. Scope 3 emissions were not disclosed for 2020.
The company's emissions intensity is also tracked, with figures such as 3520 tonnes CO2e per thousand ounces of silver equivalent produced in 2023, and 3640 tonnes CO2e per thousand ounces of silver equivalent produced in 2022.
Hochschild Mining's climate strategy includes a commitment to Net Zero by 2050 across both its operations and value chain, with a specific focus on reducing Scope 1 and 2 emissions by 30% by 2030 from a 2021 baseline. The company's Scope 3 emissions in 2023 represented 24% of its total emissions, with the highest contribution coming from Category 4.
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Hochschild Mining’s Climate Goals (2030 & 2050)
2 goals2030
30% reduction in all scopes
Our ambition to reduce our Scope 1 and 2 Greenhouse Gas (GHG) emissions by 30% by 2030, against our 2021 baseline, as well as our commitment…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Hochschild Mining
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