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 higher 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. reported total carbon emissions of approximately 583,900 kg CO2e from Scope 3, alongside 22,800 kg CO2e from Scope 1 and 7,500 kg CO2e from Scope 2, resulting in a combined total of about 30,300 kg CO2e for Scope 1 and 2. This reflects a slight increase in Scope 3 emissions compared to 2021, where they were about 558,300 kg CO2e, while Scope 1 and 2 emissions were 31,000 kg CO2e. The company has not disclosed any specific reduction targets or initiatives aimed at decreasing its carbon footprint. However, it is important to note that the iron and steel industry is under increasing pressure to enhance sustainability practices and reduce greenhouse gas emissions. As such, the Iron Ore Company of Canada Inc. is likely to be influenced by broader industry trends and regulatory frameworks aimed at achieving significant emissions reductions in the coming years.
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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.
