In 2024, 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) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 804,427a | 731,321a | 664,044a | |
Total Scope 2 | ||||
Market-Based | 384,635a | 493,411a | 405,710a | |
Location-Based | N/A | N/A | N/A | |
Total Scope 3 | 1,353,577a | 1,365,936a | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 189.7985a | 176.51a | N/A |
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In 2024, the total operational greenhouse gas (GHG) emissions of Sociedad Minera Cerro Verde amounted to 1,189,062 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 Sociedad Minera Cerro Verde decreased by 2.91%, 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 Sociedad Minera Cerro Verde were 804,427 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, Sociedad Minera Cerro Verde's Scope 1 emissions have increased by 24.89%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Sociedad Minera Cerro Verde's Scope 1 emissions increased by 10%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Sociedad Minera Cerro Verde reported Scope 2 greenhouse gas (GHG) emissions of 384,635 tCO₂e using the market-based method.a
Since 2021, Sociedad Minera Cerro Verde's Scope 2 greenhouse gas (GHG) emissions (Market-Based) have increased by 21.89%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Sociedad Minera Cerro Verde's Scope 2 emissions (Market-Based) fell by 22.05% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, Sociedad Minera Cerro Verde reported its Scope 2 emissions using the market-based method.a
In 2024, Sociedad Minera Cerro Verde reported 1,353,577 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 2024 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 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Sociedad Minera Cerro Verde reported total Scope 3 emissions of 1,353,577 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2023), Sociedad Minera Cerro Verde's Scope 3 emissions remained relatively stable, indicating that Sociedad Minera Cerro Verde's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Sociedad Minera Cerro Verde reported Scope 1 greenhouse gas (GHG) emissions of 804,427 tCO₂e and total revenues of USD 4,238 millions. This translates into an emissions intensity of 189.8 tCO₂e per millions USD.a
In 2024, Sociedad Minera Cerro Verde reported a Scope 1 emissions intensity of 189.8 tCO₂e per millions USD. Compared to the peer group median of 76.29, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Sociedad Minera Cerro Verde ranked 18 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Sociedad Minera Cerro Verde among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Sociedad Minera Cerro Verde reported a total carbon footprint of 2,542,639 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.85% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Sociedad Minera Cerro Verde's total carbon footprint was Scope 3 emissions, accounting for 53.24% of the company's total carbon footprint, followed by Scope 1 emissions at 31.64%.a