Champion Iron
Champion Iron Limited, commonly referred to as Champion Iron, is a prominent player in the iron ore industry, headquartered in Montreal, Canada. Established in 2012, the company has rapidly developed a strong presence in the mining sector, particularly in the Labrador Trough region of Quebec, where it operates the Bloom Lake Iron Mine. Champion Iron focuses on the exploration, development, and production of high-grade iron ore concentrate, distinguished by its commitment to sustainable mining practices and operational efficiency. The company’s flagship product, the Bloom Lake iron ore concentrate, is known for its superior quality, which positions it favourably in the global market. With a strategic emphasis on growth and innovation, Champion Iron has achieved significant milestones, including the successful restart of the Bloom Lake mine in 2018. This has solidified its market position as a leading iron ore producer, contributing to the evolving landscape of the mining industry.
DitchCarbon Score
How does Champion Iron'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
Champion Iron's score of 16 is lower than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Champion Iron's reported carbon emissions
In 2023, Champion Iron reported total carbon emissions of approximately 39.2 million tonnes CO2e, with Scope 1 emissions accounting for about 39.2 million tonnes and Scope 2 emissions at around 284,000 tonnes CO2e. This marked a significant reduction from previous years, where emissions peaked at about 83.9 million tonnes CO2e in 2021. The company has demonstrated a commitment to reducing its greenhouse gas (GHG) emissions intensity, achieving a GHG emissions intensity of approximately 12,800 kg CO2e per tonne of iron concentrate produced in 2023. This is a notable improvement compared to the 14,490 kg CO2e per tonne reported in 2021. Champion Iron has not specified any formal reduction targets under frameworks such as the Science Based Targets initiative (SBTi) or the Carbon Disclosure Project (CDP). However, they have been actively engaging in sustainability practices and reporting, as evidenced by their participation in CDP assessments, where they received a score of D in 2023. Overall, Champion Iron's ongoing efforts reflect a proactive approach to managing carbon emissions within the iron and steel industry, aligning with broader climate commitments and sustainability goals.
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Add to project2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 64,769,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 |
| Scope 2 | 440,000 | 000,000 | 000,000 | 000,000 | 000,000 | 0,000,000 |
| Scope 3 | 36,265,000 | - | - | - | - | - |
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.
Champion Iron is committed to some reduction initiatives 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.
