In 2024, MP Materials 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, MP Materials 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 | 100,028a | 73,627a | 56,566a | |
Total Scope 2 | ||||
Market-Based | 2,721a | 1,474a | 828a | |
Location-Based | 2,702a | 1,080a | 860a | |
Total Scope 3 | N/A | N/A | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 490.6821a | 290.5048a | 107.2321a |
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In 2024, the total operational greenhouse gas (GHG) emissions of MP Materials amounted to 102,730 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 MP Materials increased by 37.51%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of MP Materials were 100,028 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, MP Materials's Scope 1 emissions have increased by 309.82%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), MP Materials's Scope 1 emissions increased by 35.86%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, MP Materials reported Scope 2 greenhouse gas (GHG) emissions of 2,721 tCO₂e using the market-based method and 2,702 tCO₂e using the location-based method.a
Since 2021, MP Materials's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 68.99%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), MP Materials's Scope 2 emissions (Location-Based) rose by 150.19% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, MP Materials reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, MP Materials reported Scope 1 greenhouse gas (GHG) emissions of 100,028 tCO₂e and total revenues of USD 204 millions. This translates into an emissions intensity of 490.68 tCO₂e per millions USD.a
In 2024, MP Materials reported a Scope 1 emissions intensity of 490.68 tCO₂e per millions USD. Compared to the peer group median of 200.52, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, MP Materials ranked 20 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places MP Materials among the least efficient performers, with one of the highest emissions intensities in its sector.a