NextSource Materials
NextSource Materials Inc., headquartered in California, is a leading player in the critical minerals industry, specialising in the development of graphite and other essential materials for the green economy. Founded in 2011, the company has made significant strides in establishing its flagship Molo Graphite Project in Madagascar, which is poised to become a key supplier of high-quality graphite for battery production and other applications. NextSource Materials is committed to sustainable practices, ensuring that its products not only meet the growing demand for renewable energy solutions but also adhere to environmental standards. With a strong market position and a focus on innovation, the company is well-equipped to support the transition to a low-carbon future, making it a notable contender in the global materials sector.
DitchCarbon Score
How does NextSource Materials's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Business Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
NextSource Materials's score of 17 is lower than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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NextSource Materials's reported carbon emissions
In 2024, NextSource Materials reported significant carbon emissions, with Scope 1 emissions totalling approximately 4,065,068 kg CO2e. This marks a notable increase from 2023, where the company recorded only 724 kg CO2e in Scope 1 emissions. Looking back to 2021, NextSource's emissions were considerably higher, with Scope 1 emissions at about 37,134,000 kg CO2e, alongside Scope 2 emissions of approximately 4,643,000 kg CO2e and Scope 3 emissions reaching around 25,795,000 kg CO2e. This data indicates a substantial reduction in emissions from 2021 to 2023, but a sharp rise in 2024. Despite these fluctuations, NextSource Materials has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company operates within a challenging industry context, where emissions management is critical for sustainability and compliance with global climate standards. Overall, while NextSource Materials has demonstrated a capacity for significant emissions reduction in the past, the recent increase in emissions highlights the need for ongoing commitment to climate action and transparency in their environmental strategies.
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| 2021 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 37,134,000 | 000 | 0,000,000 |
| Scope 2 | 4,643,000 | - | - |
| Scope 3 | 25,795,000 | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
NextSource Materials is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
