Covalent Lithium
Covalent Lithium, a prominent player in the lithium industry, is headquartered in Australia and operates primarily in the lithium extraction and processing sector. Founded in recent years, the company has quickly established itself as a key contributor to the growing demand for lithium, essential for electric vehicle batteries and renewable energy storage. Covalent Lithium focuses on the sustainable extraction of lithium from hard rock sources, utilising innovative technologies that set it apart from competitors. The company’s flagship project is located in Western Australia, a region renowned for its rich lithium deposits. With a commitment to environmental stewardship and community engagement, Covalent Lithium aims to position itself as a leader in the transition to a low-carbon economy, contributing significantly to the global supply chain of this critical mineral.
DitchCarbon Score
How does Covalent Lithium'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 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
Covalent Lithium's score of 12 is lower than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Covalent Lithium's reported carbon emissions
In 2023, Covalent Lithium reported total carbon emissions of approximately 1,129,000,000 kg CO2e, with emissions distributed across various scopes: 66,000,000 kg CO2e (Scope 1), 53,000,000 kg CO2e (Scope 2), and 1,129,000,000 kg CO2e (Scope 3). This represents a significant increase in Scope 3 emissions compared to previous years. In 2021, the company recorded total emissions of about 665,000,000 kg CO2e, with Scope 1 emissions at 84,000,000 kg CO2e and Scope 2 emissions at 75,000,000 kg CO2e. The combined Scope 1 and 2 emissions totalled approximately 317,000,000 kg CO2e. Looking ahead to 2025, Covalent Lithium aims to reduce its total emissions to about 625,077,000 kg CO2e, with projected Scope 1 emissions of 159,874,000 kg CO2e and Scope 2 emissions of 157,575,000 kg CO2e. However, there are currently no specific reduction targets or climate pledges disclosed by the company. Covalent Lithium's emissions intensity for the production of lithium hydroxide is reported at 6,300 kg CO2e per tonne, indicating their commitment to monitoring and potentially improving their environmental impact. The company continues to engage in industry-standard practices to address climate change, although specific reduction initiatives have not been detailed.
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Add to project| 2021 | 2023 | 2025 | |
|---|---|---|---|
| Scope 1 | 84,000,000 | 00,000,000 | 000,000,000 |
| Scope 2 | 75,000,000 | 00,000,000 | 000,000,000 |
| Scope 3 | 665,000,000 | 0,000,000,000 | 000,000,000 |
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.
Covalent Lithium is not committed to any reduction initiatives 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.
