Ivanhoe Electric Inc. Sustainability Profile
Ivanhoe Electric Inc., headquartered in the United States, is a prominent player in the mining and energy sectors, specialising in innovative technologies for mineral exploration and extraction. Founded in 2021, the company has quickly established itself as a leader in the industry, focusing on sustainable practices and advanced solutions that enhance operational efficiency. With a strong presence in key operational regions, Ivanhoe Electric offers unique products and services, including cutting-edge geophysical tools and data analytics platforms. These offerings are designed to optimise resource discovery and extraction processes, setting the company apart from its competitors. Recognised for its commitment to sustainability and technological advancement, Ivanhoe Electric continues to make significant strides in the market, positioning itself as a forward-thinking entity in the evolving landscape of mining and energy.
DitchCarbon Score
How does Ivanhoe Electric 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 Lead, Zinc, and Tin Processing 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
Ivanhoe Electric Inc.'s score of 22 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ivanhoe Electric Inc.'s reported carbon emissions
In 2022, Ivanhoe Electric Inc. reported total carbon emissions of approximately 67,042,000 kg CO2e, comprising 51,598,000 kg CO2e from Scope 1, 9,810,000 kg CO2e from Scope 2, and 11,148,000 kg CO2e from Scope 3. This marked a significant decrease from 2021, when total emissions were about 106,796,000 kg CO2e, with Scope 1 emissions at 100,806,000 kg CO2e. The company has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 emissions to near zero by 2025. Additionally, Ivanhoe Electric is committed to a 50% reduction in Scope 1 and Scope 2 emissions from 2020 levels by 2030. These targets reflect the company's proactive approach to addressing climate change and reducing its carbon footprint. For the Santa Cruz Project, projected emissions are estimated at 490 kg CO2e per tonne of copper produced, although specific total emissions data for 2023 is not disclosed. Ivanhoe Electric's initiatives demonstrate a strong commitment to sustainability and align with industry standards for climate action.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 11,427,000 | 000,000,000 | 00,000,000 |
| Scope 2 | 5,971,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 31,441,000 | 0,000,000 | 00,000,000 |
How Carbon Intensive is Ivanhoe Electric Inc.'s Industry?
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Ivanhoe Electric Inc.'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.
Ivanhoe Electric Inc. 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.
