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First Quantum Minerals Ltd

Common Name
First Quantum Minerals
Country
Canada
Sector
Basic Materials
Industry
Copper
Employees
15,661
Ticker
FM
Exchange
TMX Group Inc.
Description
First Quantum Minerals Ltd. is a globally diversified mining company focused on the production of essential metals. Its primary commodities include copper, gold, and nickel, which play crucial roles i...

First Quantum Minerals's Climate Target Data Preview

As of 2025, First Quantum Minerals has disclosed 2 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 absolute reduction target and 1 intensity-based target, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into First Quantum Minerals's climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
-50%a
2035
Intensity-based Target*
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Copper Equivalent Produced/Manufactured
-50%a, b
2035
*. This target is limited in scope and does not represent the company's full operational or organizational boundaries
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Verified Sources Behind First Quantum Minerals’s Climate Targets Data

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a. First Quantum Minerals's TCFD Report 2025
b. First Quantum Minerals's Climate Change Report 2024

Insights into First Quantum Minerals's Greenhouse Gas Emissions Pathways

As of 2025, First Quantum Minerals has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions.ab

Does First Quantum Minerals have a target to reduce the emissions from its operations?

As of 2025, First Quantum Minerals has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.ab

First Quantum Minerals's most ambitious operational target is to reduce these emissions by 50% by 2035, compared to a baseline of 4,252,000 Metric Tonnes of CO2 equivalent (mtCO2e) in 2020.ab

As of 2025, First Quantum Minerals is ahead of schedule on its operational emissions reduction target, having achieved 98.92% of the planned reduction.ab

First Quantum Minerals's Operational (Scope 1+2) Emissions Pathway

20202025203501.5 M3 M4.5 M6 MBaselineCurrent (-49%)
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