Climate Change Data

MP Materials Corp.

Climate Impact & Sustainability Data (2021)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:124,408 tCO2e
Scope 1 Emissions:24,408 tCO2e
Scope 2 Emissions:98,712 tCO2e
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental Stewardship
  • People and Entrepreneurship
  • Electrify a Sustainable Future

Environmental Achievements

  • Installed LED lighting upgrades saving an estimated 937,214 kWh of electricity each year.
  • Implemented a dry stack tailings process, reducing water consumption compared to wet tailings dams.
  • Water recycling satisfies approximately 95% of water demand at Mountain Pass.

Social Achievements

  • Granted stock to all employees.
  • Increased focus on near-miss incident reporting, resulting in a significant increase in reports.
  • Maintained 94% or greater employee retention each calendar quarter of 2021.

Governance Achievements

  • Issued its first green bond in 2021.
  • Established a formalized ESG strategy.
  • Conducted its first ESG materiality assessment.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Rare earth mining and processing requires significant energy and can lead to environmental challenges if not carefully managed.
  • COVID-19 posed operational challenges.
  • Maintaining a safe working environment during the pandemic.
Mitigation Strategies
  • Implemented process improvements to reduce energy use and associated emissions.
  • Implemented staggered start times and lunch breaks, provided face coverings, implemented no-contact temperature screening, and robust sanitation protocols.
  • Provided hotel subsidies to employees commuting to Mountain Pass.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Supplier Code of Conduct covering EHS compliance criteria; due diligence processes for human rights.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: SASB Metals & Mining Industry Standards

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed