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 13 is lower than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Iron Ore Company of Canada Inc.'s reported carbon emissions
In 2021, Iron Ore Company of Canada Inc. (IOC), headquartered in Canada, reported significant carbon emissions totalling approximately 993,000,000 kg CO2e. This figure includes 130,000,000 kg CO2e from Scope 1 emissions, 107,000,000 kg CO2e from Scope 2 emissions, and a substantial 756,000,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions are primarily driven by purchased goods and services (162,000,000 kg CO2e) and waste generated in operations (107,000,000 kg CO2e). Despite the high emissions levels, IOC has not disclosed specific reduction targets or initiatives aimed at decreasing its carbon footprint. The absence of defined climate commitments or science-based targets indicates a potential area for improvement in their sustainability strategy. As the industry faces increasing pressure to address climate change, IOC's future commitments will be crucial in aligning with global climate goals.
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| 2021 | |
|---|---|
| Scope 1 | 130,000,000 |
| Scope 2 | 107,000,000 |
| Scope 3 | 756,000,000 |
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 committed to any 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.
