In 2024, Lynas Rare Earths 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).
Lynas Rare Earths has also provided a category-level breakdown for 4 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 69,046a | 82,266a | 69,183a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 42,592a | 43,580a | 42,831a | |
Total Scope 3 | 470,025a | N/A | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 222.8833a | 156.8349a | 112.2424a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Lynas Rare Earths amounted to 111,638 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 Lynas Rare Earths decreased by 11.29%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Lynas Rare Earths were 69,046 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Lynas Rare Earths's Scope 1 emissions have increased by 14.61%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Lynas Rare Earths's Scope 1 emissions decreased by 16.07%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Lynas Rare Earths reported Scope 2 greenhouse gas (GHG) emissions of 42,592 tCO₂e without specifying the calculation method.a
Since 2019, Lynas Rare Earths's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 14.03%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Lynas Rare Earths's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Lynas Rare Earths's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Lynas Rare Earths reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Lynas Rare Earths reported 470,025 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 Lynas Rare Earths includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, Lynas Rare Earths reported total Scope 3 emissions of 470,025 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 78.72% of these emissions originated from upstream activities such as purchased goods and capital goods, while 21.28% came from downstream activities like product use, distribution, and end-of-life treatment.a
In 2024, Lynas Rare Earths reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2024, the largest contributors to Lynas Rare Earths's Scope 3 emissions were:a
In 2024, Lynas Rare Earths reported Scope 1 greenhouse gas (GHG) emissions of 69,046 tCO₂e and total revenues of USD 310 millions. This translates into an emissions intensity of 222.88 tCO₂e per millions USD.a
In 2024, Lynas Rare Earths reported a Scope 1 emissions intensity of 222.88 tCO₂e per millions USD. Compared to the peer group median of 189.68, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Lynas Rare Earths ranked 16 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Lynas Rare Earths is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Lynas Rare Earths reported a total carbon footprint of 581,663 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 362.2% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Lynas Rare Earths's total carbon footprint was Scope 3 emissions, accounting for 80.81% of the company's total carbon footprint, followed by Scope 1 emissions at 11.87%.a