Iron Ore Company of Canada Inc.
Iron Ore Company of Canada Inc. (IOC), a prominent player in the mining industry, is headquartered in Canada and operates primarily in the Labrador City region of Newfoundland and Labrador. Founded in 1949, IOC has established itself as a leader in iron ore production, contributing significantly to the global supply chain. The company focuses on the extraction and processing of iron ore, offering high-quality products that are essential for steel manufacturing. IOC's unique approach to sustainable mining practices and commitment to innovation have positioned it as a trusted supplier in the market. With a strong emphasis on operational excellence, IOC has achieved notable milestones, including advancements in production efficiency and environmental stewardship, solidifying its reputation as a key contributor to the iron ore sector.
DitchCarbon Score
How does Iron Ore Company of Canada Inc.'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
Iron Ore Company of Canada Inc.'s score of 22 is lower than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Iron Ore Company of Canada Inc.'s reported carbon emissions
In 2022, the Iron Ore Company of Canada Inc. (IOC) reported total carbon emissions of approximately 30300 kg CO2e, comprising 22800 kg CO2e from Scope 1 and 7500 kg CO2e from Scope 2 emissions. The company also disclosed significant Scope 3 emissions, amounting to about 583900 kg CO2e. Over the years, IOC has shown a slight decrease in Scope 1 and 2 emissions from 2018, when they totalled about 33700 kg CO2e, to 2022. Despite these figures, IOC has not established specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction strategies indicates a need for further action in addressing their carbon footprint. The company operates within the iron and steel industry, which is known for its substantial greenhouse gas emissions, highlighting the importance of effective climate strategies in this sector.
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| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Scope 1 | 24,400 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 2 | 9,300 | 0,000 | 0,000 | 0,000 | 0,000 |
| Scope 3 | - | - | 000,000 | 000,000 | 000,000 |
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.
Iron Ore Company of Canada Inc. 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.
