Mp Materials
Mp Materials, officially known as MP Materials Corp., is a leading player in the rare earth materials industry, headquartered in the United States. Founded in 2017, the company has rapidly established itself as a key supplier of high-purity rare earth materials, essential for various advanced technologies, including electric vehicles, renewable energy systems, and consumer electronics. With major operations in Mountain Pass, California, Mp Materials is renowned for its unique ability to produce neodymium and praseodymium, critical components in powerful permanent magnets. The company’s commitment to sustainable practices and domestic production has positioned it as a vital contributor to the US supply chain, particularly in the context of growing demand for clean energy solutions. Notably, Mp Materials has achieved significant milestones, including becoming the largest producer of rare earth materials in North America, reinforcing its market leadership and commitment to innovation.
DitchCarbon Score
How does Mp Materials'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
Mp Materials's score of 33 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Mp Materials's reported carbon emissions
In 2023, Mp Materials reported total carbon emissions of approximately 73,627,000 kg CO2e from Scope 1 and 1,080,000 kg CO2e from Scope 2. The breakdown of Scope 1 emissions includes about 11,021,000 kg CO2e from mobile combustion, 2,729,000 kg CO2e from process emissions, and 59,877,000 kg CO2e from stationary combustion. In 2022, the company recorded total emissions of about 56,566,000 kg CO2e for Scope 1 and 860,000 kg CO2e for Scope 2, with an additional 2,368,000 kg CO2e from Scope 3, specifically from purchased goods and services. The 2021 emissions were significantly lower, with approximately 24,408,000 kg CO2e from Scope 1 and 8,712,000 kg CO2e from Scope 2. Mp Materials has set ambitious climate commitments, aiming to reduce its Scope 1 and 2 emissions to near zero by 2025. This commitment reflects the company's proactive approach to addressing climate change and aligns with industry standards for sustainability. The focus on reducing emissions underscores their dedication to environmental responsibility as they work towards a more sustainable future.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 24,408,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 8,712,000 | 000,000 | 0,000,000 |
| Scope 3 | - | 0,000,000 | - |
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.
Mp Materials is not participating in any 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.
