Sociedad Quimica y Minera de Chile SA

Common Name
SQM
Country
Chile
Sector
Basic Materials
Industry
Specialty Chemicals
Employees
8,424
Ticker
SQM-A
Exchange
SANTIAGO STOCK EXCHANGE
Description
Sociedad Química y Minera de Chile S.A. operates as a mining company worldwide. The company offers specialty plant nutrients, including sodium potassium nitrate, specialty blends, and other specialty ...

SQM's Climate Target Data Preview

As of 2023, SQM has disclosed 2 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 absolute reduction target and 1 intensity-based target target, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into SQM ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target
Not Specified
Metric Tonnes of CO2 equivalent (mtCO2e)
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2030
Intensity-based Target*
Scope 1 - Total, Scope 2 - Total, Scope 3 - Total
Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Unspecified Product Produced/Manufactured
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2040
* This target is limited in scope and does not represent the company's full operational or organizational boundaries

This table provides a simplified preview of selected climate targets data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into SQM's Greenhouse Gas Emissions Pathways

As of 2023, SQM has set greenhouse gas (GHG) emissions reduction targets that cover only its total carbon footprint, without separate targets for operational (Scope 1 and 2) or value chain (Scope 3) emissions. This limits the ability to track progress across distinct emissions categories.

Does SQM have a target to reduce its total carbon footprint?

As of 2023, SQM has set a target to reduce its total carbon footprint, specifically those from Scope 1, Scope 2 and Scope 3 sources.

SQM's most ambitious carbon footprint target is to reduce its scope 1, 2 and 3 emissions from a baseline of 0.74 Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Unspecified Product Produced/Manufactured in 2019, by 90% by 2040.

Instead of reducing total carbon footprint, SQM has increased them, with 2023 levels exceeding those of the 2019 baseline, placing the company well behind its reduction target.

SQM's Carbon Footprint (Scope 1+2+3) Emissions Pathway

20192023204000.350.71.051.4BaselineCurrent (+80%)Target 2040 (-90%)
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