- Unfavorable global economic conditions, including restrictive monetary policies, increased interest rates, and decline in growth of major economies
- Geopolitical challenges, including the Israel-Hamas conflict and the ongoing war in Ukraine
- Social protests in Peru impacting mining operations
- Unfavorable metal prices, except for silver
- Inflationary pressures
Volcan Compañía Minera S.A.A.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Volcan Compañía Minera S.A.A. disclosed greenhouse gas emissions of 210.8K tCO2e/year. By scope: Scope 1: 59.9K tCO2e/year; Scope 2: 150.9K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
210.8K tCO2e/year
2023
Renewable Energy
18%
of total energy
Water Usage
23.2M m3/year
2023
Waste
14.2M tons/year
2023
Energy Use
844.0 GWh/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 59.9K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 150.9K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 210.8K tCO2e/year |
| 2020 | 149.3K tCO2e/year (Scope 1 & 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 16% increase in environmental sustainability performance “CleanWork”
- 6% reduction in CO2eq(t) generation per ton of treated material
- 5% increase in water reuse in operational activities
- Liability Elimination: Cerro: 958,000 tons of stockpiles; Alpamarca: 563,000 tons of old tailings
- 8% increase in the reuse of mining waste (tailings and overburden)
- 53% increase in disused material donated for financing assistance to children affected by burns (ANIQUEM)
- Operation of eight water treatment systems in non-operational units
- 32,000 square meters of rehabilitated land across all operations (excluding Cerro)
- Closure of liabilities in Cerro de Pasco: Yanamate Lagoon remediation, Upamayo Delta revegetation, Wishllamachay Liability remediation, Stockpiles remediation and elimination
🌱 ESG Focus Areas
Environmental ManagementClimate ChangeWater ManagementWaste ManagementMine Closure ManagementCommunity InvestmentHealth and SafetyHuman RightsSupplier and Contractor Management