Polymetal Sustainability Profile
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 93% 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, with Scope 1 emissions totalling approximately 1,276,348,000 kg CO2e and Scope 2 emissions at about 530,000 kg CO2e, resulting in a combined total of approximately 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 emissions at about 95,953,000 kg CO2e, and Scope 3 emissions reaching approximately 5,692,874,000 kg CO2e. This indicates a substantial carbon footprint, particularly in Scope 3, which encompasses indirect emissions from the value chain. 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 documented reduction initiatives suggests a need for further development in their climate strategy. Overall, while Polymetal's emissions data reflects a significant environmental impact, the lack of clear reduction commitments highlights an area for potential improvement in their sustainability efforts.
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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 |
How Carbon Intensive is Polymetal's Industry?
How Carbon Intensive is Polymetal's Location?
Polymetal's Scope 3 Categories Breakdown
Polymetal's Scope 3 emissions, which decreased by 13% last year and decreased by approximately 11% since 2019, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 32% of total emissions under the GHG Protocol, with "Fuel and Energy Related Activities" being the largest emissions source at 34% of Scope 3 emissions.
Top Scope 3 Categories
Polymetal'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.
Polymetal 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.
