Total GHG Emissions of Major Metals and Mining Companies Worldwide by Revenue in 2021 (2024)

  • Rio Tinto, Vale SA, BHP, Glencore, and Fortescue are all large emitters of greenhouse gases in metals and mining sector
  • In 2021, Rio Tinto’s total GHG emissions were 584.6 MtCO2eq, with Scope 3 accounting for 553.5 MtCO2eq
  • In 2021, Vale and BHP emitted 505.2 MtCO2eq and 418.7 MtCO2eq with revenue of $52,694 million and $56,921 million respectively

Greenhouse gas (GHG) emissions are one of the main causes of rising global warming and the metals and mining industry accounts for approximately 4% to 7% of worldwide greenhouse gas emissions. A substantial amount of greenhouse gases emitted by fuel use, on – site electricity, and other sources include CO2, methane, and NOx. It has become increasingly vital for major contributing industries to record greenhouse gas emissions throughout operations, and the International Council on Mining and Metals (ICMM) has committed to a goal of net zero Scope 1 and 2 emissions by 2050.

GHG emissions are generally classified into Scope 1, Scope 2, and Scope 3 emissions. Scope 1 emissions are direct GHG emissions from operated assets by the company, such as fuel use, industrial processes and other minor sources. Scope 2 (Indirect GHG emissions) accounts for GHG emissions from the purchased or acquired electricity. Scope 3 refers 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, such as transport, business travel, product use and downstream leased assets.

Rio Tinto, Vale, and BHP are large metals and mining companies with a considerable amount of greenhouse gas emissions.

Rio Tinto is one of the major GHG emitters with a revenue of $63,495 million in financial year (FY) 2021. Rio Tinto’s total GHG emissions were 584.6 million tonnes CO2 equivalents (MtCO2eq) while Scope 3 emissions accounted for 553.5 MtCO2eq which is 94.7% of Rio Tinto’s total GHG emissions in 2021. To reduce GHG emissions, the company has set a target to reduce Scope 1 and 2 emissions by 50% by 2030.

Vale, is one of the largest contributors to GHG emissions with a revenue of $52,694 million in FY2021. In 2021, Vale’s total GHG emissions were 505.2 MtCO2eq, dominated by Scope 3 emissions, accounting for 98% of its total GHG emissions. The company has set a goal to reduce Scope 1 and 2 emissions by 33% by 2030 and Scope 3 net emissions by 15% by 2035.

BHP is a natural resources company with a revenue of $56,921 million in FY2021. BHP’s overall GHG emissions in 2021 were 418.7 MtCO2eq, with Scope 3 emissions accounting for the majority of the total emissions. The company’s target is to reduce the operational emissions by at least 30% by 2030 from the level they were in 2020. The company has set a long term goal to achieve net zero operational emissions by 2050.

Total GHG Emissions of Major Metals and Mining Companies Worldwide by Revenue in 2021 (2024)

FAQs

What is the total global GHG emissions 2021? ›

Total greenhouse gas emissions reached 40.8 Gt of CO2 equivalent (CO2eq) in 2021 when using a 100- year global warming potential time horizon (see “Data sources and method” for GWP values), surpassing the previous all-time high in 2019.

What percentage of all greenhouse gas emissions come from metal production? ›

Production of metals stands for 40% of all industrial greenhouse gas emissions, 10% of the global energy consumption, 3.2 billion tonnes of minerals mined, and several billion tonnes of by-products every year.

How much greenhouse gas is produced by mining? ›

Total GHG Emissions of Major Metals and Mining Companies Worldwide by Revenue (2021, MtCO2eq) Greenhouse gas (GHG) emissions are one of the main causes of rising global warming and the metals and mining industry accounts for approximately 4% to 7% of worldwide greenhouse gas emissions.

What industry is the largest contributor to greenhouse gases? ›

Fossil fuels – coal, oil and gas – are by far the largest contributor to global climate change, accounting for over 75 per cent of global greenhouse gas emissions and nearly 90 per cent of all carbon dioxide emissions.

What is the total annual GHG emissions? ›

Key findings from the latest Inventory include: In 2022, U.S. greenhouse gas emissions totaled 6,343 million metric tons of carbon dioxide equivalents, and 5,489 million metric tons of carbon dioxide equivalents after accounting for sequestration from the land sector.

Who are the world's largest GHG emitters? ›

Emissions by Country

In 2020, the top ten greenhouse gas emitters were China, the United States, India, the European Union, Russia, Indonesia, Brazil, Japan, Iran, and Canada. These data include CO2, CH4, N2O, and fluorinated gas emissions from energy, agriculture, forestry and land use change, industry, and waste.

What is the carbon footprint of the manufacturing industry? ›

CBO estimates that the manufacturing sector was responsible for 12 percent of U.S. greenhouse gas emissions in 2021. About 75 percent of those emissions came from burning fuel to create heat, and the rest were by-products of industrial processes that transform materials into products.

How much greenhouse gases are produced by industries? ›

Greenhouse gas emissions by economic sector, Canada, 1990 to 2022
YearOil and gas (megatonnes of carbon dioxide equivalent)Buildings (megatonnes of carbon dioxide equivalent)
2019226.194.2
2020209.288.6
2021215.885.3
2022216.788.8
29 more rows
May 2, 2024

Which sector contributes most to greenhouse gas emissions? ›

The largest source of greenhouse gas emissions from human activities in the United States is from burning fossil fuels for electricity, heat, and transportation.

What is the largest producer of greenhouse gas emissions? ›

  1. China. China is the largest emitter of carbon dioxide gas in the world, with 11,336 million metric tons emitted in 2021. ...
  2. The United States. The U.S. is the second-largest emitter of CO2, with 5,032 million metric tons of total carbon dioxide emissions in 2021. ...
  3. India. ...
  4. Russia. ...
  5. Japan.

How much does mining affect global warming? ›

The mining industry accounts for 2%–3% of global carbon emissions and therefore has an important role to play in limiting its own GHG emissions. The industry has a duty to act responsibly, and pressure is increasing from all stakeholders.

What percent of greenhouse gases come from factory farms? ›

In the US, factory farms account for 33% of agricultural methane emissions and 13% of total US methane emissions. Food waste: Food waste accounts for 2% of US greenhouse gas emissions.

What are the top 5 CO2 emitting industries? ›

Electricity and heat production are the largest contributors to global emissions. This is followed by transport, manufacturing, construction (largely cement and similar materials), and agriculture. But this is not the same everywhere.

Which is the biggest contributor to the greenhouse effect? ›

Carbon dioxide is currently responsible for over 60% of the "enhanced" greenhouse effect, which is responsible for climate change.

What is the current level of GHG emissions? ›

Global GHG emissions per capita have slightly increased in 2022 (0.4%) bringing to 8.3% its overall increase between 1990 and 2022 (from 6.24 t CO2eq/cap to 6.76 t CO2eq/cap). Global emissions intensity per GDP PPP in 2022 reached its 52-year minimum value of 0.386 tCO2eq/k USD, 2% lower than in 2021.

How did global CO2 emissions differ between 2021 and 2020? ›

The rebound in 2021 more than reversed the pandemic-induced decline in emissions of 1.9 Gt experienced in 2020. CO2 emissions in 2021 rose to around 180 megatonnes (Mt) above the pre-pandemic level of 2019. The 6% increase in CO2 emissions in 2021 was in line with the jump in global economic output of 5.9%.

What is the total annual anthropogenic GHG emissions? ›

Global. In 2019, total global anthropogenic GHG emissions were 51.7 Gt CO2e. Since 1990, annual anthropogenic GHG emissions increased by 57%. Average annual GHG emissions were 56 Gt CO2e from 2010-2019.

How many tons of greenhouse gases are emitted each year globally? ›

Annual global emissions of carbon dioxide 1940-2023. Global carbon dioxide emissions from fossil fuels and industry totaled 37.15 billion metric tons (GtCO₂) in 2022.

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