Sherritt International Corporation Sustainability Profile
Sherritt International Corporation, often referred to simply as Sherritt, is a leading Canadian resource company headquartered in Calgary, Alberta. Founded in 1927, Sherritt has established itself as a key player in the mining and energy sectors, with significant operations in Canada, Cuba, and Madagascar. The company primarily focuses on nickel and cobalt production, alongside oil and gas exploration, leveraging innovative technologies to enhance efficiency and sustainability. Sherritt's unique approach to resource extraction and processing has positioned it as a market leader, particularly in the production of battery metals essential for the growing electric vehicle industry. With a commitment to responsible mining practices and community engagement, Sherritt continues to achieve notable milestones, reinforcing its reputation as a trusted name in the global resource market.
DitchCarbon Score
How does Sherritt International Corporation'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 Lead, Zinc, and Tin Processing 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
Sherritt International Corporation's score of 29 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Sherritt International Corporation's reported carbon emissions
In 2024, Sherritt International Corporation reported total carbon emissions of approximately 911,118,000 kg CO2e for Scope 1 and about 115,729,000 kg CO2e for Scope 2. This follows a similar trend in 2023, where emissions were approximately 864,393,000 kg CO2e for Scope 1 and about 110,378,000 kg CO2e for Scope 2. The company has not disclosed any Scope 3 emissions data. Sherritt's emissions data reflects its operations globally, with significant contributions from its facilities in Cuba. For instance, in 2023, emissions from its Cuban operations were reported at approximately 3,097,824,788 kg CO2e for Scope 1 and about 66,979,405 kg CO2e for Scope 2. This indicates a substantial carbon footprint, particularly from its Scope 1 emissions. Despite the high emissions figures, Sherritt has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction targets suggests a need for enhanced climate commitments in line with industry standards. Overall, Sherritt International Corporation's emissions profile highlights the challenges faced by the mining and resource extraction sector in managing carbon outputs, particularly in regions with intensive operational activities.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 335,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 59,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | - |
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Sherritt International Corporation'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.
Sherritt International Corporation 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.
