Indian Metals And Ferro Alloys Sustainability Profile
Indian Metals and Ferro Alloys (IMFA), headquartered in India, is a leading player in the ferro alloys industry. Established in 1961, the company has made significant strides in the production of ferro alloys, primarily catering to the steel and stainless steel sectors. With major operations in Odisha, IMFA has positioned itself as a key supplier in the Indian market. IMFA's core offerings include ferro chrome, ferro manganese, and other ferro alloys, distinguished by their high quality and adherence to international standards. The company has achieved notable milestones, including the establishment of one of the largest ferro alloy plants in the country. Recognised for its commitment to sustainability and innovation, IMFA continues to strengthen its market position, contributing significantly to India's industrial landscape.
DitchCarbon Score
How does Indian Metals And Ferro Alloys'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 Non-Metallic Mineral Mining 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
Indian Metals And Ferro Alloys's score of 22 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Indian Metals And Ferro Alloys's reported carbon emissions
In 2024, Indian Metals and Ferro Alloys reported total emissions of approximately 1,085,239,000 kg CO2e for Scope 1 and 2, alongside 16,940,000 kg CO2e for Scope 3 emissions. The previous year, 2023, saw similar figures with Scope 1 and 2 emissions at about 1,132,863,000 kg CO2e and Scope 3 emissions at approximately 23,731,000 kg CO2e. The company has set ambitious targets to reduce its emissions by 30% for both Scope 1 and Scope 2 by 2030, using a 2021 baseline. To support these commitments, Indian Metals and Ferro Alloys has initiated various measures, including the installation of 4.5 MW solar plants at Therubali and rooftop solar installations at its mines, aimed at reducing greenhouse gas emissions. The company is actively working towards these goals, with progress reported as on track for the near term. Overall, Indian Metals and Ferro Alloys is focused on enhancing its sustainability practices and reducing its carbon footprint in alignment with industry standards.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 41,179,000 | - | - |
| Scope 2 | 37,714,000 | - | - |
| Scope 3 | - | 00,000,000 | 00,000,000 |
How Carbon Intensive is Indian Metals And Ferro Alloys's Industry?
How Carbon Intensive is Indian Metals And Ferro Alloys's Location?
Indian Metals And Ferro Alloys'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.
Indian Metals And Ferro Alloys 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.
