Polymetal
Polymetal International plc, commonly referred to as Polymetal, is a leading precious metals mining company headquartered in Kazakhstan (KZ). Established in 1998, Polymetal has grown to become a prominent player in the mining industry, with significant operations in Russia and Kazakhstan. The company primarily focuses on the extraction and production of gold and silver, leveraging advanced technologies and sustainable practices to enhance its operational efficiency. With a diverse portfolio of assets, Polymetal is recognised for its high-quality ore deposits and innovative processing techniques. The company has achieved notable milestones, including its listing on the London Stock Exchange, which underscores its strong market position. Polymetal's commitment to responsible mining and community engagement further distinguishes it within the sector, making it a key contributor to the regional economy.
DitchCarbon Score
How does Polymetal'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
Polymetal's score of 9 is lower than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Polymetal's reported carbon emissions
In 2023, Polymetal reported significant carbon emissions, totalling approximately 1,276,348,000 kg CO2e from Scope 1 and 530,000 kg CO2e from Scope 2, resulting in a combined total of about 1,276,878,000 kg CO2e for these two scopes. The company has not disclosed any Scope 3 emissions data for this year. In 2022, Polymetal's emissions were notably higher, with Scope 1 emissions at approximately 1,204,649,000 kg CO2e, Scope 2 at about 95,953,000 kg CO2e, and Scope 3 emissions reaching approximately 5,692,874,000 kg CO2e. This indicates a substantial reliance on Scope 3 emissions, which were not reported in 2023. Polymetal has not set specific reduction targets or initiatives as part of its climate commitments, nor does it appear to have cascaded any targets from parent organisations. The absence of SBTi (Science Based Targets initiative) reduction targets suggests a need for further development in their climate strategy. Overall, while Polymetal has made strides in reporting its emissions, the lack of reduction commitments and the significant Scope 3 emissions highlight areas for potential improvement in its climate strategy.
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| 2016 | 2017 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Scope 1 | 268,093,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 460,375,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | 000,000,000 | 000,000,000 | 000,000,000 |
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.
Polymetal 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.
