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 2023, 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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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Grupo Mexico's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Grupo Mexico amounted to 6,955,422 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).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Grupo Mexico decreased by 0.12%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Grupo Mexico's Scope 1 Emissions Over Time

2019202020212022202301.5 M3 M4.5 M6 MtCO2e-8%+5%+1%0%
  • Total Scope 1
  • Year-over-Year Change

What are Grupo Mexico's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Grupo Mexico were 4,950,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Grupo Mexico reduced its Scope 1 emissions over time?

Since 2019, Grupo Mexico's Scope 1 emissions have decreased by 2.56%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Grupo Mexico's Scope 1 emissions remained relatively stable, indicating that Grupo Mexico's emissions have plateaued with no significant change in its operational footprint.

What are Grupo Mexico's Scope 2 emissions?

In 2023, Grupo Mexico reported Scope 2 greenhouse gas (GHG) emissions of 836,167 tCOâ‚‚e using the market-based method, and 2,005,422 tCOâ‚‚e using the location-based method.

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 31.65%, reflecting a rising long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), 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.

What methodology does Grupo Mexico use for Scope 2 reporting?

In 2023, Grupo Mexico reported its Scope 2 emissions using the market-based method and using the location-based method.

Grupo Mexico's Scope 2 Emissions Over Time

201920202021202220230550 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 2023, Grupo Mexico reported 8,504,596 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Grupo Mexico includes a breakdown across 10 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain

Grupo Mexico's Scope 3 Emissions Over Time

202302.5 M5 M7.5 M10 MtCO2e
  • Total Scope 3
  • Year-over-Year Change

What are Grupo Mexico's Scope 3 emissions?

In 2023, Grupo Mexico reported total Scope 3 emissions of 8,504,596 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 65.37% of these emissions originated from upstream activities such as purchased goods and capital goods, while 34.63% came from downstream activities like product use, distribution, and end-of-life treatment.

What categories of Scope 3 emissions does Grupo Mexico disclose?

In 2023, Grupo Mexico reported emissions for 10 out of the 15 Scope 3 categories defined by the GHG Protocol.

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 2023, the largest contributors to Grupo Mexico's Scope 3 emissions were:

  • Processing of Sold Products (Cat. 10): 2,889,878 tCOâ‚‚e (33.98%)
  • Purchased Goods and Services (Cat. 1): 2,373,550 tCOâ‚‚e (27.91%)
  • Fuel- and Energy-Related Services (Cat. 3): 1,274,537 tCOâ‚‚e (14.99%)

Grupo Mexico's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(27.9%)Fuel- andEnergy-RelatedServices (Cat. 3)(15.0%)Processing of SoldProducts (Cat. 10)(34.0%)

Insights into Grupo Mexico's Total Carbon Footprint

In 2023, Grupo Mexico reported a total carbon footprint of 15,460,018 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 122.01% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Grupo Mexico's total carbon footprint was Scope 3 emissions, accounting for 55.01% of the company's total carbon footprint, followed by Scope 1 emissions at 32.02%.