Grupo Mexico SAB de CV

Common Name
Grupo Mexico
Country
Mexico
Sector
Basic Materials
Industry
Other Industrial Metals & Mining
Employees
31,333
Ticker
GMEXICOB
Exchange
BOLSA MEXICANA DE VALORES
Description
Grupo Mexico S.A.B. de C.V. is a leading Mexican conglomerate primarily engaged in mining, transportation, and infrastructure development. At its core, Grupo Mexico is one of the world's largest coppe...

Grupo Mexico's Climate Target Data Preview

As of 2023, Grupo Mexico has disclosed 8 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 6 absolute reduction targets and 2 intensity-based target targets, 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 Grupo Mexico ’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)
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a
2027
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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b
2027
Absolute-based Target*
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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b
2030
Absolute-based Target*
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2035
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
Copy restricted. Please purchase to unlock this data.
b
2035
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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b
2050
Intensity-based Target*
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Copper Processed/Derived
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a
2027
Intensity-based Target*
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Copper Processed/Derived
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a
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 Grupo Mexico’s Climate Targets 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 Grupo Mexico’s data sources below and access millions more through our Disclosure Search.

a. Grupo Mexico's Climate Change Strategy Report 2023
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b. Grupo Mexico's Sustainable Development Report 2023
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Insights into Grupo Mexico's Greenhouse Gas Emissions Pathways

As of 2023, Grupo Mexico 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. a b

Does Grupo Mexico have a target to reduce the emissions from its operations?

As of 2023, Grupo Mexico has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a b

Grupo Mexico's most ambitious operational target is to reduce these emissions by 50% by 2035, compared to a baseline of 3.7 Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Copper Processed/Derived in 2022. a b

As of 2023, Grupo Mexico is lagging behind on its operational emissions reduction target, having achieved 2.6% of the planned reduction. a b

Grupo Mexico's Operational (Scope 1+2) Emissions Pathway

202220232027203500.951.92.853.8Current (-1%)Target 2027 (-20%)Target 2035 (-50%)
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