Altius Minerals Sustainability Profile
Altius Minerals Corporation, commonly referred to as Altius, is a prominent player in the mining and mineral exploration industry, headquartered in Canada. Founded in 2003, the company has established itself as a leader in the development of mineral royalties and streams, primarily focusing on copper, gold, and other base metals across North America and beyond. With a unique business model centred on generating revenue through mineral royalties, Altius has achieved significant milestones, including strategic partnerships and successful project acquisitions. The company’s innovative approach to resource development and commitment to sustainability have positioned it favourably in the market, earning recognition for its contributions to the mining sector. Altius continues to expand its portfolio, leveraging its expertise to create value for stakeholders while promoting responsible resource management.
DitchCarbon Score
How does Altius Minerals'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 Iron Ores 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
Altius Minerals's score of 35 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Altius Minerals's reported carbon emissions
In 2024, Altius Minerals reported total carbon emissions of approximately 18,366,000 kg CO2e, primarily from Scope 3 emissions, which accounted for about 99.9% of their total emissions. The company also disclosed Scope 2 emissions of about 2,200 kg CO2e. In 2023, emissions in Canada were approximately 122,939,000 kg CO2e, with Scope 2 emissions at about 1,100 kg CO2e and Scope 3 emissions at approximately 122,938,000 kg CO2e. Altius Minerals has set long-term climate commitments, aiming to develop a net-zero emissions plan that encompasses Scope 1, Scope 2, and Scope 3 emissions by 2050. This initiative reflects their commitment to addressing their carbon footprint comprehensively. The company has not reported any Scope 1 emissions in recent years, indicating a focus on indirect emissions from energy use and supply chain activities. Overall, Altius Minerals is actively working towards reducing its carbon emissions and aligning with industry standards for climate action, although specific reduction targets in terms of percentage have not been disclosed.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - |
| Scope 2 | - | 0,000 | 0,000 | 0,000 | 0,000 | 0,000 |
| Scope 3 | 124,000 | 0,000 | 00,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
How Carbon Intensive is Altius Minerals's Industry?
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Altius Minerals's Scope 3 Categories Breakdown
Altius Minerals's Scope 3 emissions, which decreased by 85% last year and increased significantly since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 100% of Scope 3 emissions.
Top Scope 3 Categories
Altius Minerals's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Altius Minerals has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
