Primary Climate Goal
Antofagasta's target annual Scope 1 + 2 emissions for 2025 should be equal to 1,705 Kt = 30% * 2,435 Kt, according to the company's stated climate goal.
In order to achieve this goal, Antofagasta would need to reduce its emissions at least by -172 Kt per annum over the period from 2022 to 2025:
-172 Kt = ( 1,705 Kt - 2,391 Kt ) / (2025 - 2021)
This translates into a -7.2% reduction in 2022.
The projected range shown on the chart is based on the Exerica's algorithm which takes account of both the company's stated goal and its past performance.
Antofagasta aims to reduce Scope 1 + 2 by 30% by 2025 from a base year 2020
Science Based Targets initiative In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
GHG emissions and Carbon intensity
Scope 1 + 2 GHG emissions (in tons of CO2e) divided by the company's Revenues (in USDm) for the same period
Antofagasta reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 2,391 Kt (-44 /-1.8% y-o-y). Also positively, carbon intensity plummeted to 320 t (-155 /-32.6% y-o-y).
No public disclosure of Scope 3 emissions has been found for Antofagasta at the moment.
The company is committed to reducing Scope 1 + 2 by 30% by 2025 from a base year 2020, which translates into the estimated reduction of -172 Kt per annum over the period of FY2022 - FY2025. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
Antofagasta aims to achive carbon neutrality across its operations (Scope 1 + 2) in 2050. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.