Methanex Sustainability Profile
Methanex Corporation, a leading global supplier of methanol, is headquartered in Canada and operates extensively across North America, South America, Europe, and Asia. Founded in 1968, Methanex has established itself as a key player in the methanol industry, focusing on the production and distribution of high-quality methanol for various applications, including fuel, chemicals, and plastics. The company is renowned for its commitment to sustainability and innovation, leveraging advanced technologies to enhance production efficiency. Methanex's core products include methanol and its derivatives, which are essential in numerous industrial processes. With a strong market position, Methanex has achieved significant milestones, including the development of one of the world's largest methanol production facilities. This dedication to excellence and sustainability has solidified Methanex's reputation as a trusted partner in the global chemical industry.
DitchCarbon Score
How does Methanex'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 Chemicals 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
Methanex's score of 23 is lower 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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Methanex's reported carbon emissions
In 2024, Methanex Corporation reported total carbon emissions of approximately 4,038,000,000 kg CO2e for Scope 1 and about 158,000,000 kg CO2e for Scope 2, resulting in combined emissions of around 4,067,000,000 kg CO2e (market-based). This marks a slight increase from 2023, where Scope 1 emissions were about 4,007,000,000 kg CO2e and Scope 2 emissions were approximately 154,000,000 kg CO2e, leading to total emissions of around 4,161,000,000 kg CO2e. Methanex has set ambitious climate commitments, aiming to reduce Scope 1 emissions by 33% and Scope 2 emissions by 17% from 2019 levels by the year 2030. Additionally, the company targets a 10% reduction in GHG emissions intensity from manufacturing for both Scope 1 and Scope 2 by 2030, using 2019 as the baseline year. The company has consistently disclosed its emissions data, focusing on Scope 1 and Scope 2, while it has not yet reported on Scope 3 emissions. Methanex's commitment to sustainability is reflected in its ongoing efforts to improve emissions intensity and reduce its overall carbon footprint in the chemical manufacturing sector.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 3,169,259,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 67,709,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | - |
How Carbon Intensive is Methanex's Industry?
How Carbon Intensive is Methanex's Location?
Methanex'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.
Methanex 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.
