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 GHG Emissions Data Preview

In 2024, Grupo Mexico 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).

Grupo Mexico has also provided a category-level breakdown for 10 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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a
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0000000
Total Scope 2
Market-Based
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0000000
Location-Based
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0000000
Total Scope 3
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b
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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b
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0000000
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Verified Sources Behind Grupo Mexico’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 Grupo Mexico’s data sources below and access millions more through our Disclosure Search.

a. Grupo Mexico's Sustainable Development Report 2024
a. Grupo Mexico's Sustainable Development Report 2024
b. Grupo Mexico's Sustainable Development Report 2023
b. Grupo Mexico's Sustainable Development Report 2023

Insights into Grupo Mexico's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Grupo Mexico amounted to 7,312,318 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 Grupo Mexico increased by 5.13%, suggesting that the company faced challenges in reducing its emissions from its core operations. a b

Grupo Mexico's Scope 1 Emissions Over Time

20192020202120222023202401.5 M3 M4.5 M6 MtCO2e-8%+5%+1%0%+8%
  • Total Scope 1
  • Year-over-Year Change

What are Grupo Mexico's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Grupo Mexico were 5,343,000 metric tons of CO₂ equivalent (tCO₂e). a

Has Grupo Mexico reduced its Scope 1 emissions over time?

Since 2019, Grupo Mexico's Scope 1 emissions have increased by 5.18%, reflecting a rising long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2023), Grupo Mexico's Scope 1 emissions increased by 7.94%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a b

What are Grupo Mexico's Scope 2 emissions?

In 2024, Grupo Mexico reported Scope 2 greenhouse gas (GHG) emissions of 693,157 tCO₂e using the market-based method and 1,969,318 tCO₂e using the location-based method. a

Has Grupo Mexico reduced its Scope 2 emissions over time?

Since 2019, Grupo Mexico's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have increased by 29.28%, reflecting a rising long-term trend in Scope 2 emissions over time. a

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

What methodology does Grupo Mexico use for Scope 2 reporting?

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

Grupo Mexico's Scope 2 Emissions Over Time

2019202020212022202320240550 k1.1 M1.65 M2.2 MtCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Grupo Mexico's Value Chain Emissions

In 2024, Grupo Mexico reported 7,487,550 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 Grupo Mexico includes a breakdown across 10 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

Grupo Mexico's Scope 3 Emissions Over Time

2023202402.5 M5 M7.5 M10 MtCO2e-12%
  • Total Scope 3
  • Year-over-Year Change

What are Grupo Mexico's Scope 3 emissions?

In 2024, Grupo Mexico reported total Scope 3 emissions of 7,487,550 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 60.89% of these emissions originated from upstream activities such as purchased goods and capital goods, while 39.11% came from downstream activities like product use, distribution, and end-of-life treatment. a

Compared to the previous year (2023), Grupo Mexico's Scope 3 emissions decreased by 11.96%, highlighting the company's efforts to lower indirect emissions from its value chain. a b

What categories of Scope 3 emissions does Grupo Mexico disclose?

In 2024, Grupo Mexico reported emissions for 10 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 Grupo Mexico's Scope 3 emissions?

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

  • Processing of Sold Products (Cat. 10): 2,869,712 tCO₂e (38.33%)
  • Purchased Goods and Services (Cat. 1): 2,234,948 tCO₂e (29.85%)
  • Fuel- and Energy-Related Services (Cat. 3): 1,619,986 tCO₂e (21.64%)

Grupo Mexico's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(21.6%)Purchased Goods andServices (Cat. 1)(29.8%)Processing of SoldProducts (Cat. 10)(38.3%)

Insights into Grupo Mexico’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Grupo Mexico reported Scope 1 greenhouse gas (GHG) emissions of 5,343,000 tCO₂e and total revenues of USD 304,018 millions. This translates into an emissions intensity of 17.57 tCO₂e per millions USD. a

Grupo Mexico's Scope 1 Emissions Intensity Compared to Peers

101,00050,0005,000,000500,000,000Scope 1 Emissions (tCO2e)2050010,000200,0005,000,000Revenues (Millions of USD)YGXCCAnglo AmericanYear: 2024Scope 1: 6,700,000 tCO2eRevenue: $M 20,134Scope 1 Intensity: 332.77 tCO2e/$MTeck ResourcesYear: 2023Scope 1: 3,032,000 tCO2eRevenue: $M 11,339Scope 1 Intensity: 267.40 tCO2e/$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: $M 7,524Scope 1 Intensity: 1,249.28 tCO2e/$MMitsubishi MaterialsYear: 2024Scope 1: 962,000 tCO2eRevenue: $M 10,173Scope 1 Intensity: 94.56 tCO2e/$MFortescueYear: 2024Scope 1: 2,360,000 tCO2eRevenue: $M 27,194Scope 1 Intensity: 86.78 tCO2e/$MIvanhoe MinesYear: 2024Scope 1: 294,889 tCO2eRevenue: $M 41Scope 1 Intensity: 7,224.48 tCO2e/$MGGGriffin MiningYear: 2024Scope 1: 14,082 tCO2eRevenue: $M 106Scope 1 Intensity: 133.42 tCO2e/$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: $M 85,068Scope 1 Intensity: 96.39 tCO2e/$MGrupo MexicoYear: 2024Scope 1: 5,343,000 tCO2eRevenue: $M 304,018Scope 1 Intensity: 17.57 tCO2e/$M

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

In 2024, Grupo Mexico reported a Scope 1 emissions intensity of 17.57 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 Grupo Mexico rank on GHG emissions intensity within its industry?

In 2024, Grupo Mexico ranked 3 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Grupo Mexico among the top performers, with one of the lowest emissions intensities relative to peers. a

Insights into Grupo Mexico's Total Carbon Footprint

In 2024, Grupo Mexico reported a total carbon footprint of 14,799,868 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4.27% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a b

The largest contributor to Grupo Mexico's total carbon footprint was Scope 3 emissions, accounting for 50.59% of the company's total carbon footprint, followed by Scope 1 emissions at 36.1%. a

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