In 2024, Lundin Mining 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, Lundin Mining has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 715,289a | 594,304b | N/A | |
Total Scope 2 | ||||
Market-Based | 237,762a | 253,495b | N/A | |
Location-Based | 482,058a | 436,652b | N/A | |
Total Scope 3 | N/A | N/A | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 218.7361a | 175.2036b | N/A |
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In 2024, the total operational greenhouse gas (GHG) emissions of Lundin Mining amounted to 1,197,347 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 Lundin Mining increased by 16.14%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
In 2024, the total Scope 1 emissions of Lundin Mining were 715,289 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Lundin Mining's Scope 1 emissions have increased by 6.47%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Lundin Mining's Scope 1 emissions increased by 20.36%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
In 2024, Lundin Mining reported Scope 2 greenhouse gas (GHG) emissions of 237,762 tCO₂e using the market-based method and 482,058 tCO₂e using the location-based method.a
Since 2019, Lundin Mining's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 45.49%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Lundin Mining's Scope 2 emissions (Location-Based) rose by 10.4% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energyab
In 2024, Lundin Mining reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Lundin Mining reported Scope 1 greenhouse gas (GHG) emissions of 715,289 tCO₂e and total revenues of USD 3,270 millions. This translates into an emissions intensity of 218.74 tCO₂e per millions USD.a
In 2024, Lundin Mining reported a Scope 1 emissions intensity of 218.74 tCO₂e per millions USD. Compared to the peer group median of 76.98, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Lundin Mining ranked 20 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Lundin Mining among the least efficient performers, with one of the highest emissions intensities in its sector.a