In 2024, Methanex 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, Methanex 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 | 3,863,000a | 4,038,000a | 4,007,000a | |
Total Scope 2 | ||||
Market-Based | 204,000a | 158,000a | 154,000a | |
Location-Based | 209,000a | 158,000a | 154,000a | |
Total Scope 3 | N/A | N/A | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 1,038.4886a | 1,084.4708a | 929.4422a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Methanex amounted to 4,072,000 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 Methanex decreased by 2.96%, 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 Methanex were 3,863,000 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Methanex's Scope 1 emissions have decreased by 20.82%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Methanex's Scope 1 emissions decreased by 4.33%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Methanex reported Scope 2 greenhouse gas (GHG) emissions of 204,000 tCO₂e using the market-based method and 209,000 tCO₂e using the location-based method.a
Since 2019, Methanex's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 29.01%, reflecting a rising long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Methanex's Scope 2 emissions (Location-Based) rose by 32.28% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, Methanex reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Methanex reported Scope 1 greenhouse gas (GHG) emissions of 3,863,000 tCO₂e and total revenues of USD 3,720 millions. This translates into an emissions intensity of 1,038.49 tCO₂e per millions USD.a
In 2024, Methanex reported a Scope 1 emissions intensity of 1,038.49 tCO₂e per millions USD. Compared to the peer group median of 365.62, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Methanex ranked 21 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Methanex among the least efficient performers, with one of the highest emissions intensities in its sector.a