Ivanhoe Mines

Ivanhoe Mines's reported carbon emissions

Ivanhoe Mines, headquartered in CA, has reported significant carbon emissions. In 2024, the company's total emissions were approximately 5.3 billion kg CO2e. This figure is comprised of approximately 295 million kg CO2e from Scope 1 emissions and approximately 34 million kg CO2e from Scope 2 emissions. Scope 3 emissions accounted for the largest portion, totalling approximately 4.97 billion kg CO2e. Key contributors to their Scope 3 emissions in 2024 included the processing of sold products (approximately 2.87 billion kg CO2e) and capital goods (approximately 693 million kg CO2e). Looking back, Ivanhoe Mines reported approximately 176 million kg CO2e in total emissions for 2023, comprising approximately 144 million kg CO2e for Scope 1 and approximately 25 million kg CO2e for Scope 2. In 2022, total emissions were approximately 67 million kg CO2e, with Scope 1 emissions at approximately 52 million kg CO2e and Scope 2 emissions at approximately 10 million kg CO2e. Prior to 2023, Ivanhoe Mines has disclosed Scope 1 and Scope 2 emissions, with Scope 3 reporting becoming more comprehensive from 2021 onwards. For instance, in 2021, total emissions were approximately 107 million kg CO2e, with Scope 1 at approximately 101 million kg CO2e, Scope 2 at approximately 3 million kg CO2e, and Scope 3 at approximately 6 million kg CO2e. Ivanhoe Mines has not yet publicly disclosed specific quantitative reduction targets or commitments, nor have they committed to science-based targets (SBTi). Their climate reporting indicates a focus on emissions reduction initiatives, as evidenced by their inclusion in sustainability reports. The company's reporting strategy covers Scope 1, 2, and 3 emissions, though some Scope 3 categories, such as purchased goods and services, were noted as missing data points in their reporting for 2023 and 2024.