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MP Materials Corp
MP Materials's GHG Emissions Data Preview
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 - 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 | ||||
Market-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 |
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 2024, the total operational greenhouse gas (GHG) emissions ofMP Materials amounted to102,730metric 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 Materialsincreased by 37.51%, 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 2024, the total Scope 1 emissions of MP Materials were 100,028 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has MP Materials reduced its Scope 1 emissions over time?
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
What are MP Materials's Scope 2 emissions?
In 2024, MP Materials reported Scope 2 greenhouse gas (GHG) emissions of 2,721 tCOâ‚‚e using the market-based method and 2,702 tCOâ‚‚e 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 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
What methodology does MP Materials use for Scope 2 reporting?
In 2024, MP Materials reported its Scope 2 emissions using the market-based method and using the location-based method.a
MP Materials's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into MP Materials’s GHG Emissions Intensity Compared to Industry Peers
In 2024, MP Materials reported Scope 1 greenhouse gas (GHG) emissions of 100,028 tCOâ‚‚e and total revenues of USD 204 millions. This translates into an emissions intensity of 490.68 tCOâ‚‚e 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 2024, MP Materials reported a Scope 1 emissions intensity of 490.68 tCOâ‚‚e per millions USD. Compared to the peer group median of 134.66, 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 2024, MP Materials ranked 18 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
This places MP Materials among the least efficient performers, with one of the highest emissions intensities in its sector.a