In 2024, Agnico Eagle Mines completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
However, Agnico Eagle Mines has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 1,119,142a | 1,150,541a | 1,117,861a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 198,831a | 186,416a | 268,241a | |
Total Scope 3 | 1,938,951a | 2,020,549a | 1,895,988a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 99.1305a | 173.6165a | 194.7099a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Agnico Eagle Mines amounted to 1,317,973 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Agnico Eagle Mines decreased by 1.42%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Agnico Eagle Mines were 1,119,142 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, Agnico Eagle Mines's Scope 1 emissions have increased by 46.3%, reflecting a rising long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2023), Agnico Eagle Mines's Scope 1 emissions decreased by 2.73%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Agnico Eagle Mines reported Scope 2 greenhouse gas (GHG) emissions of 198,831 tCO₂e without specifying the calculation method.a
Since 2020, Agnico Eagle Mines's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 28.47%, reflecting a declining long-term trend in Scope 2 emissions over time.ac
Compared to the previous year (2023), Agnico Eagle Mines's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Agnico Eagle Mines's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Agnico Eagle Mines reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Agnico Eagle Mines reported 1,938,951 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Agnico Eagle Mines includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, down from 2 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.a
In 2024, Agnico Eagle Mines reported total Scope 3 emissions of 1,938,951 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, Agnico Eagle Mines's Scope 3 emissions have increased by 49.15%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2023), Agnico Eagle Mines's Scope 3 emissions remained relatively stable, indicating that Agnico Eagle Mines's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Agnico Eagle Mines reported Scope 1 greenhouse gas (GHG) emissions of 1,119,142 tCO₂e and total revenues of USD 11,290 millions. This translates into an emissions intensity of 99.13 tCO₂e per millions USD.a
In 2024, Agnico Eagle Mines reported a Scope 1 emissions intensity of 99.13 tCO₂e per millions USD. Compared to the peer group median of 154.23, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Agnico Eagle Mines ranked 9 out of 20 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Agnico Eagle Mines is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Agnico Eagle Mines reported a total carbon footprint of 3,256,924 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Agnico Eagle Mines's total carbon footprint was Scope 3 emissions, accounting for 59.53% of the company's total carbon footprint, followed by Scope 1 emissions at 34.36%.a