Noranda Income Fund
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 25 is higher than 57% 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 2022, Noranda Income Fund reported total carbon emissions of approximately 66,023,000 kg CO2e for Scope 1 and about 25,026,000 kg CO2e for Scope 2, resulting in a combined total of around 91,049,000 kg CO2e. This data reflects a significant increase from 2021, where emissions were approximately 52,932,000 kg CO2e for Scope 1 and about 23,618,000 kg CO2e for Scope 2, culminating in a total of around 76,550,000 kg CO2e. The emissions data for 2020 also indicates a total of about 85,970,000 kg CO2e, with Scope 1 emissions at approximately 57,580,000 kg CO2e and Scope 2 at around 28,390,000 kg CO2e. Noranda Income Fund does not currently disclose any Scope 3 emissions data, nor does it have specific reduction targets or climate pledges documented. The emissions data is cascaded from its parent company, Glencore Canada Corporation, reflecting the corporate family relationship. Overall, while Noranda Income Fund has made strides in reporting its emissions, it lacks defined reduction initiatives or commitments to mitigate its carbon footprint.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 57,580,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 28,390,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - |
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.
Noranda Income Fund 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.
