First Majestic Silver Corp
First Majestic Silver's GHG Emissions Data Preview
In 2023, First Majestic Silver 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).
First Majestic Silver has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Verified Sources Behind First Majestic Silver’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 First Majestic Silver’s data sources below and access millions more through our Disclosure Search.
Insights into First Majestic Silver's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of First Majestic Silver amounted to 96,048 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 2022, the total operational greenhouse gas (GHG) emissions of First Majestic Silver decreased by 38.33%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
First Majestic Silver's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are First Majestic Silver's Scope 1 emissions?
In 2023, the total Scope 1 emissions of First Majestic Silver were 54,678 metric tons of CO₂ equivalent (tCO₂e). a
Has First Majestic Silver reduced its Scope 1 emissions over time?
Since 2019, First Majestic Silver's Scope 1 emissions have decreased by 25.24%, reflecting a declining long-term trend in Scope 1 emissions over time. a
Compared to the previous year (2022), First Majestic Silver's Scope 1 emissions decreased by 41.78%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
What are First Majestic Silver's Scope 2 emissions?
In 2023, First Majestic Silver reported Scope 2 greenhouse gas (GHG) emissions of 41,370 tCO₂e without specifying the calculation method. a
Has First Majestic Silver reduced its Scope 2 emissions over time?
Since 2019, First Majestic Silver's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have remained relatively stable, indicating that First Majestic Silver 's emissions have plateaued with no significant change in its energy consumption footprint. a
Compared to the previous year (2022), First Majestic Silver's Scope 2 emissions (Unspecified Calculation Method) fell by 33.11% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a
What methodology does First Majestic Silver use for Scope 2 reporting?
In 2023, First Majestic Silver reported its Scope 2 emissions using an unspecified methodology. a
First Majestic Silver's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into First Majestic Silver's Value Chain Emissions
In 2023, First Majestic Silver reported 209,662 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 2023 disclosure of First Majestic Silver includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
First Majestic Silver's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are First Majestic Silver's Scope 3 emissions?
In 2023, First Majestic Silver reported total Scope 3 emissions of 209,662 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a
Compared to the previous year (2022), First Majestic Silver's Scope 3 emissions decreased by 26.3%, highlighting the company's efforts to lower indirect emissions from its value chain. a
What categories of Scope 3 emissions does First Majestic Silver disclose?
In 2023, First Majestic Silver reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol. a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of First Majestic Silver's Scope 3 emissions?
In 2023, the largest contributors to First Majestic Silver's Scope 3 emissions were: a
- Purchased Goods and Services (Cat. 1): 209,662 tCO₂e (100%)
First Majestic Silver's Scope 3 Emissions by Categories
Insights into First Majestic Silver’s GHG Emissions Intensity Compared to Industry Peers
In 2023, First Majestic Silver reported Scope 1 greenhouse gas (GHG) emissions of 54,678 tCO₂e and total revenues of USD 576 millions. This translates into an emissions intensity of 94.86 tCO₂e per millions USD. a
First Majestic Silver's Scope 1 Emissions Intensity Compared to Peers
How does First Majestic Silver's GHG emissions intensity compare to its peers?
In 2023, First Majestic Silver reported a Scope 1 emissions intensity of 94.86 tCO₂e per millions USD. Compared to the peer group median of 180.49 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does First Majestic Silver rank on GHG emissions intensity within its industry?
In 2023, First Majestic Silver ranked 6 out of 18 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
First Majestic Silver is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into First Majestic Silver's Total Carbon Footprint
In 2023, First Majestic Silver reported a total carbon footprint of 305,710 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 30.56% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a
The largest contributor to First Majestic Silver's total carbon footprint was Scope 3 emissions, accounting for 68.58% of the company's total carbon footprint, followed by Scope 1 emissions at 17.89%. a