Boliden AB

Common Name
Boliden
Country
Sweden
Sector
Basic Materials
Industry
Other Industrial Metals & Mining
Employees
6,146
Ticker
BOL
Exchange
NASDAQ STOCKHOLM AB
Description
Boliden AB is a leading European metals and mining company specializing in the exploration, extraction, smelting, and recycling of both base and precious metals. The company’s primary products include...

Boliden's GHG Emissions Data Preview

In 2024, Boliden 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).

Boliden has also provided a category-level breakdown for 11 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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0000000
Location-Based
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0000000
Unspecified Calculation Method
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Boliden’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Boliden’s data sources below and access millions more through our Disclosure Search.

a. Boliden's Annual Report 2024
a. Boliden's Annual Report 2024

Insights into Boliden's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Boliden amounted to 864,792 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 Boliden increased by 2.66%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Boliden's Scope 1 Emissions Over Time

20182019202020212022202320240200 k400 k600 k800 ktCO2e-7%-9%+15%+1%0%+5%
  • Total Scope 1
  • Year-over-Year Change

What are Boliden's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Boliden were 657,646 metric tons of CO₂ equivalent (tCO₂e). a

Has Boliden reduced its Scope 1 emissions over time?

Since 2018, Boliden's Scope 1 emissions have increased by 2.12%, reflecting a rising long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2023), Boliden's Scope 1 emissions increased by 4.75%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Boliden's Scope 2 emissions?

In 2024, Boliden reported Scope 2 greenhouse gas (GHG) emissions of 1,379,137 tCO₂e using the market-based method and 207,146 tCO₂e using the location-based method. a

Has Boliden reduced its Scope 2 emissions over time?

Compared to the previous year (2023), Boliden's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Boliden 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Boliden use for Scope 2 reporting?

In 2024, Boliden reported its Scope 2 emissions using the market-based method and using the location-based method. a

Boliden's Scope 2 Emissions Over Time

20182019202020212022202320240350 k700 k1.05 M1.4 MtCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Boliden's Value Chain Emissions

In 2024, Boliden reported 3,334,619 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 Boliden includes a breakdown across 11 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Boliden's Scope 3 Emissions Over Time

20212022202320240900 k1.8 M2.7 M3.6 MtCO2e+8%+12%-2%
  • Total Scope 3
  • Year-over-Year Change

What are Boliden's Scope 3 emissions?

In 2024, Boliden reported total Scope 3 emissions of 3,334,619 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 94.06% of these emissions originated from upstream activities such as purchased goods and capital goods, while 5.94% came from downstream activities like product use, distribution, and end-of-life treatment. a

Compared to the previous year (2023), Boliden's Scope 3 emissions remained relatively stable, indicating that Boliden 's emissions have plateaued with no significant change in its value chain footprint. a

What categories of Scope 3 emissions does Boliden disclose?

In 2024, Boliden reported emissions for 11 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This reflects a high level of granularity and transparency in the company's emissions reporting.

What are the main sources of Boliden's Scope 3 emissions?

In 2024, the largest contributors to Boliden's Scope 3 emissions were: a

  • Purchased Goods and Services (Cat. 1): 2,251,642 tCO₂e (67.52%)
  • Capital Goods (Cat. 2): 425,513 tCO₂e (12.76%)
  • Upstream Transportation and Distribution (Cat. 4): 250,762 tCO₂e (7.52%)

Boliden's Scope 3 Emissions by Categories

UpstreamTransportation andDistribution(Cat. 4)(7.5%)Purchased Goods andServices (Cat. 1)(67.5%)Capital Goods(Cat. 2)(12.8%)

Insights into Boliden’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Boliden reported Scope 1 greenhouse gas (GHG) emissions of 657,646 tCO₂e and total revenues of USD 8,095 millions. This translates into an emissions intensity of 81.24 tCO₂e per millions USD. a

Boliden's Scope 1 Emissions Intensity Compared to Peers

101,00050,0005,000,000500,000,000Scope 1 Emissions (tCO2e)2002,00020,000500,0005,000,000Revenues (Millions of USD)YKXCCTeck ResourcesYear: 2023Scope 1: 3,032,000 tCO2eRevenue: $M 11,339Scope 1 Intensity: 267.40 tCO2e/$MErametYear: 2024Scope 1: 2,457,900 tCO2eRevenue: $M 3,052Scope 1 Intensity: 805.31 tCO2e/$MWestern MiningYear: 2023Scope 1: 626,016 tCO2eRevenue: $M 6,015Scope 1 Intensity: 104.08 tCO2e/$MYYYunnan TinYear: 2023Scope 1: 754,898 tCO2eRevenue: $M 5,960Scope 1 Intensity: 126.66 tCO2e/$MSouth32Year: 2024Scope 1: 9,400,000 tCO2eRevenue: $M 7,524Scope 1 Intensity: 1,249.28 tCO2e/$MFortescueYear: 2024Scope 1: 2,360,000 tCO2eRevenue: $M 27,194Scope 1 Intensity: 86.78 tCO2e/$MKKKorea ZincYear: 2024Scope 1: 2,572,667 tCO2eRevenue: $M 8,214Scope 1 Intensity: 313.21 tCO2e/$MMineral ResourcesYear: 2024Scope 1: 705,005 tCO2eRevenue: $M 3,508Scope 1 Intensity: 200.98 tCO2e/$MXXXiamen TungstenYear: 2024Scope 1: 127,813 tCO2eRevenue: $M 4,823Scope 1 Intensity: 26.50 tCO2e/$MCCChina Northern Rare EarthYear: 2024Scope 1: 343,968 tCO2eRevenue: $M 4,517Scope 1 Intensity: 76.15 tCO2e/$MJCHX Mining ManagementYear: 2023Scope 1: 19 tCO2eRevenue: $M 1,042Scope 1 Intensity: 0.02 tCO2e/$MIluka ResourcesYear: 2023Scope 1: 454,000 tCO2eRevenue: $M 880Scope 1 Intensity: 516.02 tCO2e/$MSaudi Arabian MiningYear: 2024Scope 1: 10,319,069 tCO2eRevenue: $M 8,665Scope 1 Intensity: 1,190.84 tCO2e/$MGMK Noril'skiy NikelYear: 2023Scope 1: 8,200,000 tCO2eRevenue: $M 1,166,562Scope 1 Intensity: 7.03 tCO2e/$MHindustan ZincYear: 2024Scope 1: 4,250,000 tCO2eRevenue: $M 3,367Scope 1 Intensity: 1,262.09 tCO2e/$MIGOYear: 2024Scope 1: 111,034 tCO2eRevenue: $M 549Scope 1 Intensity: 202.22 tCO2e/$MUnited TractorsYear: 2024Scope 1: 3,762,772 tCO2eRevenue: $M 8,357Scope 1 Intensity: 450.26 tCO2e/$MCCChengtun Mining GroupYear: 2023Scope 1: 3,841,898 tCO2eRevenue: $M 3,441Scope 1 Intensity: 1,116.48 tCO2e/$MVedantaYear: 2025Scope 1: 63,324,730 tCO2eRevenue: $M 17,641Scope 1 Intensity: 3,589.66 tCO2e/$MBHP GroupYear: 2024Scope 1: 8,200,000 tCO2eRevenue: $M 85,068Scope 1 Intensity: 96.39 tCO2e/$MSumitomo Metal MiningYear: 2024Scope 1: 1,724,000 tCO2eRevenue: $M 9,544Scope 1 Intensity: 180.63 tCO2e/$MCMOC GroupYear: 2023Scope 1: 1,070,000 tCO2eRevenue: $M 26,209Scope 1 Intensity: 40.83 tCO2e/$MBolidenYear: 2024Scope 1: 657,646 tCO2eRevenue: $M 8,095Scope 1 Intensity: 81.24 tCO2e/$M

How does Boliden's GHG emissions intensity compare to its peers?

In 2024, Boliden reported a Scope 1 emissions intensity of 81.24 tCO₂e per millions USD. Compared to the peer group median of 201.6 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Boliden rank on GHG emissions intensity within its industry?

In 2024, Boliden ranked 6 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Boliden is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into Boliden's Total Carbon Footprint

In 2024, Boliden reported a total carbon footprint of 4,199,411 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.31% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to Boliden's total carbon footprint was Scope 3 emissions, accounting for 79.41% of the company's total carbon footprint, followed by Scope 1 emissions at 15.66%. a

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