Lynas Rare Earths
Lynas Rare Earths Limited, commonly referred to as Lynas, is a leading player in the rare earths industry, headquartered in Malaysia. Founded in 1983, the company has established itself as a key supplier of high-quality rare earth materials, primarily serving the growing demand in sectors such as electronics, renewable energy, and automotive industries. With major operational regions in Australia and Malaysia, Lynas is renowned for its unique processing capabilities, particularly in the extraction of neodymium and praseodymium, essential for manufacturing powerful magnets. The company has achieved significant milestones, including becoming one of the largest rare earth producers outside of China, positioning itself as a critical contributor to the global supply chain. Lynas continues to innovate and expand, solidifying its market position through sustainable practices and a commitment to responsible sourcing.
DitchCarbon Score
How does Lynas Rare Earths'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
Lynas Rare Earths's score of 24 is lower than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Lynas Rare Earths's reported carbon emissions
In 2023, Lynas Rare Earths, headquartered in Malaysia (MY), reported total carbon emissions of approximately 42,952,000 kg CO2e for Scope 1 and about 43,568,000 kg CO2e for Scope 2. This brings their combined Scope 1 and 2 emissions to around 86,520,000 kg CO2e. The company has shown a slight increase in emissions from 2022, where Scope 1 emissions were about 40,807,000 kg CO2e and Scope 2 emissions were approximately 42,831,000 kg CO2e. Globally, Lynas reported total emissions of about 84,301,000 kg CO2e for Scope 1 and approximately 43,568,000 kg CO2e for Scope 2 in 2023, resulting in a total of around 127,869,000 kg CO2e. This indicates a need for further emissions reduction strategies as the company continues to operate in a sector that is increasingly scrutinised for its environmental impact. Lynas has not set specific reduction targets under the Science Based Targets initiative (SBTi) nor has it made any formal climate pledges. The absence of documented reduction initiatives suggests that the company may need to enhance its climate commitments to align with industry standards and expectations. Overall, while Lynas Rare Earths has made strides in reporting its emissions, the lack of reduction targets and initiatives highlights an area for potential improvement in its climate strategy.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 10,510,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Lynas Rare Earths is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
