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Altius Minerals Corporation, commonly referred to as Altius, is a prominent player in the iron ore industry, headquartered in Canada. Founded in 2003, the company has established itself as a key contributor to the mining sector, focusing primarily on the exploration and development of iron ore resources across various operational regions.
Altius is renowned for its unique approach to mineral exploration, leveraging innovative strategies to identify and develop high-quality iron ore projects. The company’s core offerings include mineral royalties and strategic investments, which set it apart in a competitive market. With a commitment to sustainable practices, Altius has achieved notable milestones, solidifying its position as a leader in the industry. As it continues to expand its portfolio, Altius Minerals remains dedicated to delivering value and excellence in iron ore production.
20
DitchCarbon score
+5 vs industry average
Altius Minerals’s score of 20 is lower than 49% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very High
Iron Ores is among the most carbon-intensive industries
Industry performance
0.836
20182025
The Iron Ores industry has reduced its overall emissions by 39% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Altius Minerals's reported carbon emissions
Altius Minerals, an Iron ores company headquartered in CA, reported approximately 18,366,200 kg CO2e in Scope 2 and 3 emissions for 2024. This includes about 2,200 kg CO2e from Scope 2 (location-based) and about 18,364,000 kg CO2e from Scope 3, with significant contributions from investments (approximately 18,331,000 kg CO2e), business travel (approximately 21,600 kg CO2e), and employee commute (approximately 10,900 kg CO2e).
In 2023, the company's Scope 2 and 3 emissions were approximately 120,250,400 kg CO2e, comprising about 2,400 kg CO2e from Scope 2 (location-based) and approximately 120,248,000 kg CO2e from Scope 3. The largest component of Scope 3 emissions in 2023 was investments, at approximately 89,850,000 kg CO2e.
Looking back to 2022, Altius Minerals's Scope 2 and 3 emissions totalled approximately 181,950,900 kg CO2e, with Scope 2 (location-based) at about 2,900 kg CO2e and Scope 3 at approximately 181,948,000 kg CO2e. Investments were again the primary driver for Scope 3, accounting for approximately 123,397,000 kg CO2e.
The company has set long-term climate commitments, including a plan to develop a net-zero emissions strategy covering Scope 1, Scope 2, and Scope 3 emissions by 2050.
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Altius Minerals’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
3 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Altius Minerals27 days ago
20
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