Electra Publishes Inaugural Sustainability Report

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by KnowESG
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Electra Battery Materials Corporation has published its first Sustainability Report that details the company's progress on environmental, social, and governance (ESG) issues in 2022, as well as commitments to sustainable, low-carbon production of battery grade materials at its refinery complex north of Toronto.

“2022 was marked by considerable progress on several ESG fronts,” said Trent Mell, Electra’s CEO. "Most importantly, we launched our ESG policies and framework, hired Renata Cardoso, an experienced sustainability expert, as VP of Sustainability and Low Carbon, joined the Responsible Minerals Initiative, and signed a benefits agreement with the Métis Nation of Ontario. Our commitment to annual sustainability reporting will hold Electra accountable for transparent disclosure of the Company’s contribution to sustainable development.

“We will build on these milestones as we complete the commissioning of our cobalt sulfate refinery and our black mass recycling trial programme over the coming months and begin commercial production in 2023. Key to our success will be to leverage our low-carbon hydrometallurgical production facilities and establish Electra as an ESG leader within the electric vehicle battery supply chain in North America.”

Some of the highlights of the report include the following:

  • Developed an ESG Framework outlining the Company’s priorities and commitments, including pledging to achieve net-zero greenhouse gas emissions by 2050.

  • Signed a benefits agreement with the Métis Nation of Ontario.

  • Launched a whistleblower channel, allowing all of Electra’s stakeholders to alert the Company of potential misconduct confidentially.

  • Adopted a zero-tolerance policy against human rights abuses in compliance with the Responsible Mining Initiative Standards.

  • Achieved zero lost-time incidents at the refinery complex during the commissioning and construction phases.

  • With the launch of its 2022 Sustainability Report, Electra set the foundation for the Company’s ESG disclosures, including greenhouse emissions, water stewardship, diversity, equity, and inclusion, governance, and social performance.

“Making use of leading ESG frameworks, such as the Global Reporting Initiative and the Sustainability Accounting Standards Board, Electra has built a solid ESG foundation to drive our focus, operations, and performance for years to come,” said Renata Cardoso, Electra’s VP of Sustainability and Low Carbon. “Our results to date position us at the forefront of ESG practices within the EV battery industry.”

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Source: Electra

Click here to view Electra's first sustainability report.

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