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 23 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 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 specific reduction targets or climate pledges in place, nor does it disclose Scope 2 or Scope 3 emissions data. The absence of reduction initiatives indicates a potential area for improvement in their climate strategy. As a current subsidiary of Glencore Canada Corporation, Noranda Income Fund's emissions data is part of a broader corporate responsibility framework, which may influence future commitments and targets as the industry increasingly focuses on sustainability and carbon reduction.
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| 2020 | |
|---|---|
| Scope 1 | 42,325,000 |
| Scope 2 | - |
| 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.
