In 2024, SQM 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, SQM 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 | 504,928a | 308,815a | 300,298a | |
Total Scope 2 | ||||
Market-Based | 512,397a | 536,571a | 508,076a | |
Location-Based | N/A | N/A | N/A | |
Unspecified Calculation Method | N/A | N/A | N/A | |
Total Scope 3 | 904,528a | 760,905b | 673,113b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 111.4936a | 41.3546a | 28.0375a |
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In 2024, the total operational greenhouse gas (GHG) emissions of SQM amounted to 1,017,325 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 SQM increased by 20.34%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of SQM were 504,928 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, SQM's Scope 1 emissions have increased by 86.31%, reflecting a rising long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2023), SQM's Scope 1 emissions increased by 63.51%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, SQM reported Scope 2 greenhouse gas (GHG) emissions of 512,397 tCO₂e using the market-based method.a
Compared to the previous year (2023), SQM's Scope 2 emissions (Market-Based) have remained relatively stable, indicating that SQM's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, SQM reported its Scope 2 emissions using the market-based method.a
In 2024, SQM reported 904,528 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 SQM 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, SQM reported total Scope 3 emissions of 904,528 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, SQM's Scope 3 emissions have increased by 117.81%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2023), SQM's Scope 3 emissions increased by 18.88%, suggesting that the company faced challenges in reducing emissions across its value chain.ab
In 2024, SQM reported Scope 1 greenhouse gas (GHG) emissions of 504,928 tCO₂e and total revenues of USD 4,529 millions. This translates into an emissions intensity of 111.49 tCO₂e per millions USD.a
In 2024, SQM reported a Scope 1 emissions intensity of 111.49 tCO₂e per millions USD. Compared to the peer group median of 40.05, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, SQM ranked 18 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
SQM is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, SQM reported a total carbon footprint of 1,921,853 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 19.65% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to SQM's total carbon footprint was Scope 3 emissions, accounting for 47.07% of the company's total carbon footprint, followed by Scope 2 emissions at 26.66%.a