Sociedad Minera Cerro Verde SAA

Common Name

Sociedad Minera Cerro Verde

Country

Peru

Sector

N/A

Industry

N/A

Employees

N/A

Ticker

CVERDEC1

Exchange

BOLSA DE VALORES DE LIMA

Website

www.cerroverde.pe

Description

Sociedad Minera Cerro Verde S.A.A. is a leading mining company based in Peru, primarily engaged in the extraction and processing of copper, one of the most crucial industrial metals. The company opera... Show more

Sociedad Minera Cerro Verde's GHG Emissions Data Preview

In 2023, Sociedad Minera Cerro Verde 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).

However, Sociedad Minera Cerro Verde 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 Total direct GHG emissions from categories that are owned or directly controlled by the company.	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	Data available for purchase 0000000
Total Scope 2 Indirect GHG emissions from the generation of purchased electricity, steam, heating, and cooling consumed by the reporting company.
Market-Based Indirect emissions from purchased energy calculated using the market-based method, which reflects contractual instruments such as supplier-specific emission factors or renewable energy certificates (RECs).	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	Data available for purchase 0000000
Location-Based Indirect emissions from purchased energy calculated using the location-based method, which reflects average emission factors of the local grid.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Total Scope 3 All other indirect GHG emissions that occur in the company’s value chain, outside of Scope 1 and 2. This includes both upstream and downstream activities.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000

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Verified Sources Behind Sociedad Minera Cerro Verde’s Greenhouse Gas (GHG) Emissions Data

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a. Sociedad Minera Cerro Verde's Sustainability Report 2023

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Insights into Sociedad Minera Cerro Verde's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Sociedad Minera Cerro Verde amounted to 1,224,732 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 Sociedad Minera Cerro Verde increased by 14.49%, suggesting that the company faced challenges in reducing its emissions from its core operations. ^a

Sociedad Minera Cerro Verde's Scope 1 Emissions Over Time

Total Scope 1
Year-over-Year Change

What are Sociedad Minera Cerro Verde's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Sociedad Minera Cerro Verde were 731,321 metric tons of CO₂ equivalent (tCO₂e). ^a

Has Sociedad Minera Cerro Verde reduced its Scope 1 emissions over time?

Since 2021, Sociedad Minera Cerro Verde's Scope 1 emissions have increased by 13.54%, reflecting a rising long-term trend in Scope 1 emissions over time. ^a

Compared to the previous year (2022), Sociedad Minera Cerro Verde's Scope 1 emissions increased by 10.13%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. ^a

What are Sociedad Minera Cerro Verde's Scope 2 emissions?

In 2023, Sociedad Minera Cerro Verde reported Scope 2 greenhouse gas (GHG) emissions of 493,411 tCO₂e using the market-based method. ^a

Has Sociedad Minera Cerro Verde reduced its Scope 2 emissions over time?

Since 2021, Sociedad Minera Cerro Verde's Scope 2 greenhouse gas (GHG) emissions (Market-Based) have increased by 56.36%, reflecting a rising long-term trend in Scope 2 emissions over time. ^a

Compared to the previous year (2022), Sociedad Minera Cerro Verde's Scope 2 emissions (Market-Based) rose by 21.62% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy ^a

What methodology does Sociedad Minera Cerro Verde use for Scope 2 reporting?

In 2023, Sociedad Minera Cerro Verde reported its Scope 2 emissions using the market-based method. ^a

Sociedad Minera Cerro Verde's Scope 2 Emissions Over Time

Total Scope 2 Market-Based

Insights into Sociedad Minera Cerro Verde's Value Chain Emissions

In 2023, Sociedad Minera Cerro Verde reported 1,365,936 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 2023 disclosure of Sociedad Minera Cerro Verde includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. ^a

Sociedad Minera Cerro Verde's Scope 3 Emissions Over Time

Total Scope 3
Year-over-Year Change

What are Sociedad Minera Cerro Verde's Scope 3 emissions?

In 2023, Sociedad Minera Cerro Verde reported total Scope 3 emissions of 1,365,936 metric tons of CO₂ equivalent (tCO₂e). ^a

Insights into Sociedad Minera Cerro Verde's Total Carbon Footprint

In 2023, Sociedad Minera Cerro Verde reported a total carbon footprint of 2,590,668 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 142.17% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. ^a

The largest contributor to Sociedad Minera Cerro Verde's total carbon footprint was Scope 3 emissions, accounting for 52.73% of the company's total carbon footprint, followed by Scope 1 emissions at 28.23%. ^a

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