NiCo Resources Limited Sustainability Profile
NiCo Resources Limited, headquartered in Australia, is a prominent player in the mining and resource sector, specialising in the exploration and development of nickel and cobalt projects. Founded in 2017, the company has quickly established itself with significant operations in key regions known for their rich mineral deposits. The firm focuses on producing high-quality nickel and cobalt, essential components in the battery manufacturing industry, particularly for electric vehicles. NiCo Resources is distinguished by its commitment to sustainable practices and innovative extraction techniques, which enhance both efficiency and environmental responsibility. With a strong market position, NiCo Resources Limited has achieved notable milestones, including successful exploration initiatives and strategic partnerships that bolster its growth trajectory. As the demand for battery metals continues to rise, NiCo Resources is well-positioned to contribute to the evolving landscape of renewable energy solutions.
DitchCarbon Score
How does NiCo Resources Limited'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 Research Services 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
NiCo Resources Limited's score of 11 is lower than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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NiCo Resources Limited's reported carbon emissions
In 2023, NiCo Resources Limited reported a climate change impact of approximately 18,000 kg CO2e per tonne of nickel metal produced, with emissions data sourced globally. For 2024, the company indicated a Scope 3 emissions factor of about 5,700 kg CO2e per tonne of Mixed Hydroxide Precipitate product. However, specific Scope 1 and Scope 2 emissions data were not disclosed for these years. NiCo Resources has not established any formal reduction targets or commitments, nor does it participate in initiatives such as the Science Based Targets initiative (SBTi). The absence of documented reduction initiatives suggests a need for further development in their climate strategy. Overall, while NiCo Resources Limited provides some emissions data, it lacks comprehensive reporting on its carbon footprint and climate commitments, indicating potential areas for improvement in sustainability practices.
How Carbon Intensive is NiCo Resources Limited's Industry?
How Carbon Intensive is NiCo Resources Limited's Location?
NiCo Resources Limited'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.
NiCo Resources Limited 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.
