Global warming threatens life on earth, risking fresh water, food, and energy supplies. Greenhouse gas (GHG) emissions are the primary cause of global warming. Carbon dioxide (CO2), methane (CH4), and nitrogen oxides (NOx) are GHGs produced by the combustion of oil, fossil fuels, and other sources.
The metals and mining industry accounts for approximately 4% to 7% of worldwide greenhouse gas emissions. GHG emissions are produced by industry operations such as energy generation, heat or steam, and fuel use. The International Council on Mining and Metals (ICMM) has committed to net zero Scope 1 and 2 emissions by 2050.
Grupo Mexico SAB de CV (Grupo Mexico) is a holding company. It carries out the mining, multimodal freight railroad service, and infrastructure development. In 2020, the company reported total GHG emissions of around 11.8 million tonnes CO2 equivalents (MtCO2eq), up 3% from 2019.
Scope 1, 2, and 3 emissions are the three categories of GHG emissions. Scope 1 emissions are direct emissions from facilities owned or controlled by the company, such as fuel use, on-site electricity generation, anode and reductant use, and process emissions. Indirect GHG emissions from the generation of purchased energy, such as the electricity, heat, or steam brought in from third parties, are referred to as Scope 2. Scope 3 emissions refer to the company's other indirect emissions beyond the company’s direct operations and occur in the company’s value chain, including upstream and downstream activities.
Scope 3 emissions account for most of Grupo Mexico’s overall GHG emissions, accounting for 51% of total GHG emissions (6 MtCO2eq) in 2020. In 2020, the company's Scope 1 emissions decreased by 8%, and Scope 2 emissions declined by 13%.
Grupo Mexico recognizes and affirms its commitment to the Paris Agreement to limit the increase in global temperatures to below 1.5-2°C and has set a target to increase the use of renewable electricity by 25% across the organization and reduce the greenhouse gas emission intensity of the Mining Division by 5% by 2022.
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