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Electra Battery Materials Corporation, commonly referred to as Electra, is a leading player in the nickel ores and concentrates industry, headquartered in California. Founded in 2020, the company has quickly established itself as a key supplier of critical battery materials, focusing on sustainable and innovative solutions for the electric vehicle market.
With operations primarily in North America, Electra is dedicated to producing high-quality nickel and cobalt products that are essential for battery manufacturing. The company’s unique approach to recycling and refining positions it as a pioneer in the transition to a circular economy within the battery supply chain. Notably, Electra has achieved significant milestones in its commitment to sustainability, making it a prominent name in the industry.
-8 vs industry average
Electra Battery Materials’s score of 6 is lower than 16% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Nickel Mining is among the most carbon-intensive industries
The Nickel Mining industry has reduced its overall emissions by 45% since 2018
Scope 3 accounts for ••• of total emissions.
Electra Battery Materials Corporation, headquartered in CA and operating in the Nickel ores and concentrates industry, reported total greenhouse gas (GHG) emissions of approximately 1.50 billion kg CO2e in 2022. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions.
For 2022, Scope 1 emissions were approximately 118,000 kg CO2e, Scope 2 emissions were about 8,000 kg CO2e, and Scope 3 emissions totalled approximately 1.38 billion kg CO2e. Within Scope 3, purchased goods and services represented the largest contributor at around 1.05 billion kg CO2e, followed by fuel and energy-related activities at approximately 177,000 kg CO2e, and employee commute at about 60,000 kg CO2e.
In 2021, Electra Battery Materials Corporation's total GHG emissions were approximately 1.54 billion kg CO2e. This consisted of Scope 1 emissions of about 311,000 kg CO2e, Scope 2 emissions of approximately 1,000 kg CO2e, and Scope 3 emissions of around 1.23 billion kg CO2e. The primary driver of Scope 3 emissions in 2021 was purchased goods and services, amounting to approximately 860,000 kg CO2e, with fuel and energy-related activities at about 199,000 kg CO2e, and upstream transportation and distribution at approximately 82,000 kg CO2e.
The company has disclosed its emissions data for scopes 1, 2, and 3, indicating a commitment to transparency in its climate reporting. Electra Battery Materials Corporation also reported GHG emissions intensity ratios relative to the number of employees for both 2022 (approximately 31,400 metric tons CO2e per employee) and 2021 (around 81,100 metric tons CO2e per employee). The company has not publicly detailed specific reduction targets or initiatives at this time.
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No climate goals have been disclosed for Electra Battery Materials yet.
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