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First Majestic Silver Corp
First Majestic Silver's GHG Emissions Data Preview
In 2024, 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 2 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 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 |
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Verified Sources Behind First Majestic Silver’s Greenhouse Gas (GHG) Emissions Data
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Insights into First Majestic Silver's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofFirst Majestic Silver amounted to62,538metric 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 First Majestic Silverdecreased by 34.89%, 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 2024, the total Scope 1 emissions of First Majestic Silver were 38,980 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has First Majestic Silver reduced its Scope 1 emissions over time?
Since 2019, First Majestic Silver's Scope 1 emissions have decreased by 46.7%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), First Majestic Silver's Scope 1 emissions decreased by 28.71%, 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 2024, First Majestic Silver reported Scope 2 greenhouse gas (GHG) emissions of 23,558 tCOâ‚‚e 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 decreased by 40.35%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year(2023), First Majestic Silver's Scope 2 emissions(Unspecified Calculation Method) fell by 43.06% in 2024, 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 2024, 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 2024, First Majestic Silver reported 86,674 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of First Majestic Silver includes a breakdown across 2of the 15 Scope 3 categories defined by the GHG Protocol,up from 1 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
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 2024, First Majestic Silver reported total Scope 3 emissions of 86,674 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).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 (2023), First Majestic Silver's Scope 3 emissions decreased by 58.66%, 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 2024, First Majestic Silver reported emissions for 2 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 2024, the largest contributors to First Majestic Silver's Scope 3 emissions were:a
- Purchased Goods and Services (Cat. 1): 86,119 tCOâ‚‚e(99.36%)
- Business Travel (Cat. 6): 555 tCOâ‚‚e(0.64%)
First Majestic Silver's Scope 3 Emissions by Categories
Insights into First Majestic Silver’s GHG Emissions Intensity Compared to Industry Peers
In 2024, First Majestic Silver reported Scope 1 greenhouse gas (GHG) emissions of 38,980 tCOâ‚‚e and total revenues of USD 782 millions. This translates into an emissions intensity of 49.84 tCOâ‚‚e 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 2024, First Majestic Silver reported a Scope 1 emissions intensity of 49.84 tCOâ‚‚e per millions USD. Compared to the peer group median of 166.65, 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 2024, First Majestic Silver ranked 2 out of 20 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
This places First Majestic Silver among the top performers, with one of the lowest emissions intensities relative to peers.a
Insights into First Majestic Silver's Total Carbon Footprint
In 2024, First Majestic Silver reported a total carbon footprint of 149,212 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 51.19% decrease compared to 2023, 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 58.09% of the company's total carbon footprint, followed by Scope 1 emissions at 26.12%.a