Noranda Income Fund Sustainability Profile
Noranda Income Fund, headquartered in Canada, is a prominent player in the metals and mining industry, primarily focusing on the production of zinc and zinc-related products. Established in 2002, the fund has achieved significant milestones, including the acquisition of the Brampton zinc processing facility, which has bolstered its operational capabilities in key regions across Canada. The fund's core offerings include high-quality zinc metal and zinc alloys, distinguished by their purity and reliability, catering to various industrial applications. Noranda Income Fund has positioned itself as a leader in the market, recognised for its commitment to sustainability and operational excellence. With a strong emphasis on innovation and efficiency, the fund continues to play a vital role in the global zinc supply chain, contributing to the industry's growth and development.
DitchCarbon Score
How does Noranda Income Fund'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 Other Non-Ferrous Metal Products 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
Noranda Income Fund's score of 26 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Noranda Income Fund's reported carbon emissions
In 2020, Noranda Income Fund reported total carbon emissions of approximately 42.3 million kg CO2e, all of which were classified as Scope 1 emissions, indicating direct emissions from owned or controlled sources. The fund does not currently disclose any Scope 2 or Scope 3 emissions data. As part of its climate commitments, Noranda Income Fund has not established specific reduction targets or initiatives, nor does it participate in the Science Based Targets initiative (SBTi). The absence of documented reduction strategies suggests a need for further development in their climate action plans. It is important to note that the emissions data for Noranda Income Fund is cascaded from its parent company, Glencore Canada Corporation, reflecting its status as a current subsidiary within the corporate family. This relationship may influence the fund's overall climate strategy and reporting practices.
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| 2020 | |
|---|---|
| Scope 1 | 42,325,000 |
| Scope 2 | - |
| Scope 3 | - |
How Carbon Intensive is Noranda Income Fund's Industry?
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Noranda Income Fund'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.
Noranda Income Fund has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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