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.
Let us know if this data was useful to you
Noranda Income Fund's reported carbon emissions
In 2020, Noranda Income Fund reported carbon emissions of approximately 42,325,000 kg CO2e, all of which fall under Scope 1 emissions. This data is cascaded from its parent company, Glencore Canada Corporation, reflecting the Fund's operational impact on the environment. Currently, Noranda Income Fund does not have publicly disclosed reduction targets or specific climate commitments. The absence of initiatives such as Science-Based Targets (SBTi) or documented reduction strategies indicates a need for further development in their climate action plans. As a current subsidiary of Glencore plc, Noranda Income Fund's emissions data and potential climate strategies may be influenced by the broader corporate sustainability goals set by its parent company. However, specific initiatives or commitments from Glencore plc regarding Noranda's emissions have not been detailed. Overall, while the Fund's emissions data provides a snapshot of its carbon footprint, there is a clear opportunity for Noranda Income Fund to enhance its climate commitments and set measurable reduction targets in alignment with industry standards.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2020 | |
|---|---|
| Scope 1 | 42,325,000 |
| Scope 2 | - |
| Scope 3 | - |
How Carbon Intensive is Noranda Income Fund's Industry?
How Carbon Intensive is Noranda Income Fund's Location?
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 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.
