Hudbay Minerals Inc

Common Name
Hudbay Minerals
Country
Canada
Sector
Basic Materials
Industry
Copper
Employees
N/A
Ticker
HBM
Exchange
TORONTO STOCK EXCHANGE
Description
Hudbay Minerals Inc. is a Canadian mining company that operates primarily in the extraction and processing of base metals, notably copper, zinc, and gold. The primary function of Hudbay Minerals Inc. ...

Hudbay Minerals's GHG Emissions Data Preview

In 2024, Hudbay Minerals 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) and Scope 2 (indirect emissions from purchased energy).

However, Hudbay Minerals has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Location-Based
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Hudbay Minerals’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 Hudbay Minerals’s data sources below and access millions more through our Disclosure Search.

a. Hudbay Minerals's ESG Data Spreadsheet 2024
a. Hudbay Minerals's ESG Data Spreadsheet 2024
b. Hudbay Minerals's Annual Report 2023
b. Hudbay Minerals's Annual Report 2023

Insights into Hudbay Minerals's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Hudbay Minerals amounted to 449,000 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 Hudbay Minerals increased by 15.72%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Hudbay Minerals's Scope 1 Emissions Over Time

201920202021202220232024075 k150 k225 k300 ktCO2e-11%+24%+18%+21%+13%
  • Total Scope 1
  • Year-over-Year Change

What are Hudbay Minerals's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Hudbay Minerals were 287,000 metric tons of CO₂ equivalent (tCO₂e). a

Has Hudbay Minerals reduced its Scope 1 emissions over time?

Since 2019, Hudbay Minerals's Scope 1 emissions have increased by 78.26%, reflecting a rising long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2023), Hudbay Minerals's Scope 1 emissions increased by 12.99%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Hudbay Minerals's Scope 2 emissions?

In 2024, Hudbay Minerals reported Scope 2 greenhouse gas (GHG) emissions of 162,000 tCO₂e using the location-based method. a

Has Hudbay Minerals reduced its Scope 2 emissions over time?

Since 2019, Hudbay Minerals's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have increased by 14.08%, reflecting a rising long-term trend in Scope 2 emissions over time. a b

Compared to the previous year (2023), Hudbay Minerals's Scope 2 emissions (Location-Based) rose by 20.9% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a

What methodology does Hudbay Minerals use for Scope 2 reporting?

In 2024, Hudbay Minerals reported its Scope 2 emissions using the location-based method. a

Hudbay Minerals's Scope 2 Emissions Over Time

201920202021202220232024045 k90 k135 k180 ktCO2e
  • Total Scope 2 Location-Based

Insights into Hudbay Minerals’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Hudbay Minerals reported Scope 1 greenhouse gas (GHG) emissions of 287,000 tCO₂e and total revenues of USD 2,793 millions. This translates into an emissions intensity of 102.75 tCO₂e per millions USD. a

Hudbay Minerals's Scope 1 Emissions Intensity Compared to Peers

5,00050,000500,0005,000,00050,000,000Scope 1 Emissions (tCO2e)202001,00010,000100,000Revenues (Millions of USD)Alamos GoldYear: 2024Scope 1: 158,159 tCO2eRevenue: $M 1,347Scope 1 Intensity: 117.42 tCO2e/$MMercer InternationalYear: 2023Scope 1: 424,023 tCO2eRevenue: $M 1,994Scope 1 Intensity: 212.67 tCO2e/$MB2GoldYear: 2024Scope 1: 662,000 tCO2eRevenue: $M 2,623Scope 1 Intensity: 252.41 tCO2e/$MAgnico Eagle MinesYear: 2024Scope 1: 1,119,142 tCO2eRevenue: $M 11,425Scope 1 Intensity: 97.95 tCO2e/$MNew GoldYear: 2023Scope 1: 142,937 tCO2eRevenue: $M 786Scope 1 Intensity: 181.74 tCO2e/$MFirst Quantum MineralsYear: 2024Scope 1: 1,700,000 tCO2eRevenue: $M 4,802Scope 1 Intensity: 354.02 tCO2e/$MFirst Majestic SilverYear: 2023Scope 1: 54,678 tCO2eRevenue: $M 576Scope 1 Intensity: 94.86 tCO2e/$MEldorado GoldYear: 2024Scope 1: 110,424 tCO2eRevenue: $M 1,825Scope 1 Intensity: 60.50 tCO2e/$MEquinox GoldYear: 2023Scope 1: 278,145 tCO2eRevenue: $M 1,088Scope 1 Intensity: 255.60 tCO2e/$MIAMGOLDYear: 2024Scope 1: 483,348 tCO2eRevenue: $M 2,252Scope 1 Intensity: 214.65 tCO2e/$MMethanexYear: 2023Scope 1: 3,871,000 tCO2eRevenue: $M 3,723Scope 1 Intensity: 1,039.62 tCO2e/$MBarrick MiningYear: 2024Scope 1: 6,127,000 tCO2eRevenue: $M 17,857Scope 1 Intensity: 343.12 tCO2e/$MNutrienYear: 2024Scope 1: 9,450,000 tCO2eRevenue: $M 35,814Scope 1 Intensity: 263.87 tCO2e/$MCapstone CopperYear: 2023Scope 1: 422,037 tCO2eRevenue: $M 1,346Scope 1 Intensity: 313.66 tCO2e/$MOceanaGoldYear: 2023Scope 1: 183,946 tCO2eRevenue: $M 1,026Scope 1 Intensity: 179.23 tCO2e/$MWest Fraser TimberYear: 2024Scope 1: 649,448 tCO2eRevenue: $M 8,532Scope 1 Intensity: 76.12 tCO2e/$MIvanhoe MinesYear: 2024Scope 1: 294,889 tCO2eRevenue: $M 41Scope 1 Intensity: 7,224.48 tCO2e/$MLundin MiningYear: 2024Scope 1: 715,289 tCO2eRevenue: $M 4,720Scope 1 Intensity: 151.56 tCO2e/$MStella-JonesYear: 2023Scope 1: 134,634 tCO2eRevenue: $M 2,507Scope 1 Intensity: 53.70 tCO2e/$MHudbay MineralsYear: 2024Scope 1: 287,000 tCO2eRevenue: $M 2,793Scope 1 Intensity: 102.75 tCO2e/$M

How does Hudbay Minerals's GHG emissions intensity compare to its peers?

In 2024, Hudbay Minerals reported a Scope 1 emissions intensity of 102.75 tCO₂e per millions USD. Compared to the peer group median of 212.67 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Hudbay Minerals rank on GHG emissions intensity within its industry?

In 2024, Hudbay Minerals ranked 6 out of 19 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Hudbay Minerals is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

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