MP Materials Corp
MP Materials's GHG Emissions Data Preview
In 2023, 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) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Verified Sources Behind MP Materials’s Greenhouse Gas (GHG) Emissions Data
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Insights into MP Materials's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of MP Materials amounted to 74,707 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 2022, the total operational greenhouse gas (GHG) emissions of MP Materials increased by 30.09%, suggesting that the company faced challenges in reducing its emissions from its core operations. a
MP Materials's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are MP Materials's Scope 1 emissions?
In 2023, the total Scope 1 emissions of MP Materials were 73,627 metric tons of CO₂ equivalent (tCO₂e). a
Has MP Materials reduced its Scope 1 emissions over time?
Since 2021, MP Materials's Scope 1 emissions have increased by 201.65%, reflecting a rising long-term trend in Scope 1 emissions over time. a
Compared to the previous year (2022), MP Materials's Scope 1 emissions increased by 30.16%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
What are MP Materials's Scope 2 emissions?
In 2023, MP Materials reported Scope 2 greenhouse gas (GHG) emissions of 1,080 tCO₂e using the location-based method. a
Has MP Materials reduced its Scope 2 emissions over time?
Since 2021, MP Materials's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 87.6%, reflecting a declining long-term trend in Scope 2 emissions over time. a
Compared to the previous year (2022), MP Materials's Scope 2 emissions (Location-Based) rose by 25.58% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a
What methodology does MP Materials use for Scope 2 reporting?
In 2023, MP Materials reported its Scope 2 emissions using the location-based method. a
MP Materials's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
Insights into MP Materials’s GHG Emissions Intensity Compared to Industry Peers
In 2023, MP Materials reported Scope 1 greenhouse gas (GHG) emissions of 73,627 tCO₂e and total revenues of USD 253 millions. This translates into an emissions intensity of 290.5 tCO₂e per millions USD. a
MP Materials's Scope 1 Emissions Intensity Compared to Peers
How does MP Materials's GHG emissions intensity compare to its peers?
In 2023, MP Materials reported a Scope 1 emissions intensity of 290.5 tCO₂e per millions USD. Compared to the peer group median of 146.33 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
Where does MP Materials rank on GHG emissions intensity within its industry?
In 2023, MP Materials ranked 15 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
MP Materials is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a