Nova Cannabis Inc. Sustainability Profile
Nova Cannabis Inc., a prominent player in the Canadian cannabis industry, is headquartered in Calgary, Alberta. Founded in 2018, the company has rapidly established itself as a leader in the retail sector, focusing on providing high-quality cannabis products across various operational regions in Canada. Specialising in a diverse range of cannabis offerings, Nova Cannabis is known for its commitment to quality and customer experience. The company operates under several well-recognised brands, including Nova Cannabis and Value Buds, which cater to both premium and budget-conscious consumers. With a strong market position, Nova Cannabis has achieved significant milestones, including rapid expansion and a growing network of retail locations. Its dedication to innovation and customer satisfaction sets it apart in a competitive landscape, making it a noteworthy entity in the evolving cannabis market.
DitchCarbon Score
How does Nova Cannabis 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 Wholesale Trade 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
Nova Cannabis Inc.'s score of 25 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Nova Cannabis Inc.'s reported carbon emissions
As of the latest available data, Nova Cannabis Inc. does not report specific carbon emissions figures, indicating a lack of disclosed emissions data. The company is a current subsidiary of a larger corporate family, which may influence its climate commitments and reporting practices. Currently, there are no documented reduction targets or climate pledges from Nova Cannabis Inc. This absence of data suggests that the company may still be in the early stages of developing its climate strategy or may rely on broader industry initiatives for guidance. Given the context of the cannabis industry, which is increasingly focusing on sustainability and carbon footprint reduction, it is essential for Nova Cannabis Inc. to establish clear emissions reporting and reduction targets in alignment with industry standards. This would not only enhance transparency but also contribute to the overall climate goals of the sector. In summary, while Nova Cannabis Inc. has not disclosed specific emissions data or reduction initiatives, the company is positioned within a growing industry that prioritises climate action and sustainability.
How Carbon Intensive is Nova Cannabis Inc.'s Industry?
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Nova Cannabis 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.
Nova Cannabis 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.
