Arcadium Lithium PLC Sustainability Profile
Arcadium Lithium PLC, a prominent player in the lithium industry, is headquartered in the United States and operates extensively across key regions including North America and Europe. Founded in [year], the company has rapidly established itself as a leader in the extraction and processing of lithium, a critical component for batteries in electric vehicles and renewable energy storage. Specialising in high-quality lithium compounds, Arcadium Lithium PLC distinguishes itself through innovative extraction techniques that enhance sustainability and efficiency. The company has achieved significant milestones, positioning itself as a trusted supplier in the growing green technology market. With a commitment to advancing lithium production, Arcadium Lithium PLC continues to contribute to the global transition towards cleaner energy solutions.
DitchCarbon Score
How does Arcadium Lithium PLC'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
Arcadium Lithium PLC's score of 33 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Arcadium Lithium PLC's reported carbon emissions
In 2023, Arcadium Lithium PLC reported total carbon emissions of approximately 104,509,000 kg CO2e from Scope 1, 14,067,000 kg CO2e from Scope 2 (market-based), and 258,965,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions breakdown includes significant contributions from purchased goods and services (about 158,125,000 kg CO2e) and fuel and energy-related activities (approximately 58,595,000 kg CO2e). Arcadium Lithium has committed to achieving net-zero emissions across all scopes by 2050, with targets set through the Science Based Targets initiative (SBTi). These long-term commitments were established in 2023, reflecting the company's dedication to aligning with global climate goals. The company is also a current subsidiary of Arcadium Lithium plc, which influences its sustainability strategies and reporting. The emissions data indicates a comprehensive approach to carbon management, with a focus on reducing both direct and indirect emissions. The company’s climate commitments are part of a broader industry trend towards enhanced transparency and accountability in carbon emissions reporting.
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| 2023 | |
|---|---|
| Scope 1 | 104,509,000 |
| Scope 2 | 14,067,000 |
| Scope 3 | 258,965,000 |
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Arcadium Lithium PLC's Scope 3 Categories Breakdown
Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 69% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 61% of Scope 3 emissions.
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Arcadium Lithium PLC's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Arcadium Lithium PLC has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Arcadium Lithium PLC's sustainability data and climate commitments