Mag Silver Sustainability Profile
Mag Silver Corp, commonly referred to as Mag Silver, is a prominent player in the mining industry, headquartered in California. Founded in 2003, the company has established itself as a leader in the exploration and development of high-grade silver projects, primarily in Mexico, a region renowned for its rich mineral deposits. Mag Silver's flagship asset, the Juanicipio project, showcases its commitment to sustainable mining practices and innovative extraction techniques. The company is recognised for its unique approach to resource development, focusing on high-quality silver and gold deposits that promise significant returns. With a strong market position, Mag Silver has achieved notable milestones, including strategic partnerships and successful financing initiatives, solidifying its reputation as a key contributor to the global silver supply chain.
DitchCarbon Score
How does Mag Silver'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
Mag Silver's score of 28 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Mag Silver's reported carbon emissions
In 2023, MAG Silver Corp. reported total carbon emissions of approximately 20,600,000 kg CO2e, with Scope 1 emissions accounting for about 20,591,000 kg CO2e and Scope 2 emissions at approximately 9,000 kg CO2e. This marks an increase from 2022, when total emissions were about 18,808,000 kg CO2e, with Scope 1 emissions at approximately 18,791,000 kg CO2e and Scope 2 emissions at about 17,000 kg CO2e. In 2021, the company reported total emissions of around 20,050,000 kg CO2e, with Scope 1 emissions of about 18,307,000 kg CO2e and Scope 2 emissions of approximately 1,743,000 kg CO2e. MAG Silver has not disclosed any specific reduction targets or initiatives as part of its climate commitments, and there are no emissions data available for Scope 3. The emissions data is cascaded from MAG Silver Corp., indicating that the figures are part of a broader corporate family relationship. Overall, while MAG Silver has made strides in reporting its emissions, the lack of defined reduction targets suggests an opportunity for enhanced climate action and commitment to sustainability in the future.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 18,307,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 1,743,000 | 00,000 | 0,000 |
| Scope 3 | - | - | - |
How Carbon Intensive is Mag Silver's Industry?
How Carbon Intensive is Mag Silver's Location?
Mag Silver'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.
Mag Silver 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.
