Terrafame Ltd
Terrafame Ltd, headquartered in Finland (FI), is a prominent player in the mining and metals industry, specialising in sustainable battery chemicals and nickel production. Founded in 2015, the company has rapidly established itself in the European market, particularly in the regions surrounding its operations in Sotkamo and the broader Kainuu area. Terrafame is renowned for its innovative approach to mining, focusing on environmentally responsible practices and circular economy principles. The company’s core products include nickel, cobalt, and zinc, which are essential for the growing electric vehicle and renewable energy sectors. With a commitment to sustainability, Terrafame has achieved significant milestones, positioning itself as a leader in the production of battery materials in Europe.
DitchCarbon Score
How does Terrafame Ltd'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 Chemicals 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
Terrafame Ltd's score of 20 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Terrafame Ltd's reported carbon emissions
In 2022, Terrafame Ltd, headquartered in Finland (FI), reported total carbon emissions of approximately 497,944,000 kg CO2e from Scope 1, 119,502,000 kg CO2e from Scope 2, and 246,900,000 kg CO2e from Scope 3 emissions. This marked a notable increase in Scope 1 emissions compared to previous years, where in 2021, emissions were about 480,228,000 kg CO2e for Scope 1, 105,037,000 kg CO2e for Scope 2, and 268,250,000 kg CO2e for Scope 3. Terrafame has not publicly disclosed specific reduction targets or initiatives as part of their climate commitments. The company has not set Science-Based Targets Initiative (SBTi) reduction targets or made any formal climate pledges. However, they continue to report on their emissions and sustainability efforts, indicating a commitment to transparency in their environmental impact. Overall, Terrafame's emissions data reflects the challenges faced in reducing carbon footprints within the mining and metals industry, highlighting the need for ongoing efforts to address climate change.
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| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Scope 1 | 362,242,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | - | 00,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 115,020,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 |
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.
Terrafame Ltd is not committed to any reduction initiatives 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.
