(Credit: Electra Battery Materials Corporation)Electra Battery Materials Corporation has released its inaugural Sustainability Report outlining the Company’s progress on environmental, social, and governance matters in 2022, as well as its commitments to sustainable, low-carbon production of battery-grade materials at its refinery complex north of Toronto.
Highlights of Electra’s ESG Progress in 2022 include:
Among the significant projects Electra started in 2022 included the opening of a demonstration plant intended to recover and recycle high-value lithium-ion battery components, such as nickel, cobalt, lithium, copper, and graphite, at its refinery complex north of Toronto and the finalization of its first commercial transaction in the EV supply chain.
Regulations and proposals made by the Securities and Exchange Commission (SEC) in 2022 intensified disclosure-focused regulatory activity in the US. In the next years, the SEC intends to modify the current public-company disclosure framework by requiring more mandatory reports on climate-related issues. Companies will be able to obtain a competitive edge, maintain a stronger reputation, anticipate regulatory changes, and understand investor needs with the help of mandatory and uniform disclosure. The anticipated changes will require enterprise-wide changes on how climate-related data is collected and assessed.
Reuters reported at the end of 2021 that ESG investing had increased to $649 billion worldwide, up from $542 billion in 2020 and $285 billion in 2019. ESG funds account for 10% of the worldwide fund assets, according to the report.
