Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Environmental
• Social
• Governance

Environmental Achievements

• Champion Iron's Bloom Lake project is designed to be carbon neutral, utilizing renewable hydroelectric power and aiming for a 69% iron content (nearly 98.5% pure mineral).
• ArcelorMittal's investment in DRI and EAF technology at its Dofasco plant will reduce CO2 emissions by 60%.
• Algoma Steel's switch to EAFs will reduce CO2 emissions by 70%.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• The exclusion of iron ore from the Canadian government's critical minerals list.
• Global geopolitical volatility impacting supply chains.
• Contaminants in some high-purity iron ore deposits (e.g., Guinea's Simandou project).

Mitigation Strategies

• Advocating for the inclusion of high-purity iron ore in critical minerals lists.
• Highlighting Canada's advantages in terms of ESG standards, high-grade ore, and proximity to key markets.
• Investing in technologies to improve ore purity and reduce emissions (e.g., Champion Iron's DRPF project).

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Increased demand for high-purity iron ore for DRI/EAF steelmaking.

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 7 (Affordable and Clean Energy)
• SDG 9 (Industry, Innovation, and Infrastructure)
• SDG 13 (Climate Action)

High-purity iron ore contributes to the decarbonization of the steel industry, supporting the transition to cleaner energy and sustainable infrastructure.

Sustainable Products & Innovation

• High-purity iron ore pellets for DRI/EAF steelmaking.

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Shortages of manufacturing equipment, construction material, and skilled labor.
• Environmental impacts of raw material extraction and refining, cell production, and battery disposal.
• Social impacts including labor law violations, child and forced labor, and indigenous rights violations.
• Governance challenges such as conflicts of interest and subpar management practices.
• Economic barriers including price volatility and changing regulations.
• Supply shortages of raw materials.

Mitigation Strategies

• Vertical supply-chain integration and long-term contracts.
• Greater collaboration and open dialogue with stakeholders.
• Sustainable materials sourcing with low CO2 footprint.
• Adapting technology rollout plans and increasing flexibility.
• Strategic green procurement.
• Enabling true circularity with tight loops.
• Increased transparency on supply and demand.
• Proactive identification of new mining and refining capacities.
• Improved investment returns and risk management.
• Smart product technology choices (e.g., silicon anodes).
• Regionalization and diversification of supply chains.
• Recycling targets (e.g., 80% in the EU).

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Sustainable materials sourcing, long-term contracts

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Regulatory changes, market shifts

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 9 (Industry, innovation, and infrastructure)
• Goal 13 (Climate action)

The battery industry contributes to these goals through decarbonization efforts, sustainable production, and enabling the energy transition.

Sustainable Products & Innovation

• Solid-state batteries

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Change
• Decarbonization of the Iron and Steel Industry

Environmental Achievements

• Potential to produce Direct Reduction (DR) Quality Iron Ore Pellets, a critical step in supplying low-carbon steel production.

Social Achievements

• Commitment to using industry best practices and obtaining a strong social license from local communities.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Need for additional analytical testwork to establish the concentration and beneficiation circuit to achieve DR Quality iron ore concentrate and pellets.
• Significant cost reduction efforts are required to make the use of Hydrogen in steel production commercial.

Mitigation Strategies

• Further analytical and metallurgical testwork planned.
• Developing a Preliminary Economic Assessment and working towards a feasibility study.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Significant potential to reduce CO2 emissions in the iron and steel industry.

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 7 (Affordable and Clean Energy)
• SDG 9 (Industry, Innovation and Infrastructure)
• SDG 13 (Climate Action)

The project aims to produce iron ore pellets for low-carbon steel production, contributing to cleaner energy and sustainable infrastructure.

Sustainable Products & Innovation

• DR Quality Iron Ore Pellets

Awards & Recognition

• Not disclosed