Electra Battery Materials Sustainability Profile
Electra Battery Materials Corporation, commonly referred to as Electra, is a leading player in the battery materials industry, headquartered in California. Founded in 2020, the company has quickly established itself as a key provider of sustainable battery materials, focusing on the production of critical minerals essential for electric vehicle (EV) batteries. With operations primarily in North America, Electra is dedicated to advancing the circular economy through its innovative recycling processes and the development of low-carbon battery materials. The company’s core offerings include cobalt, nickel, and lithium, which are distinguished by their environmentally responsible sourcing and processing methods. Electra's commitment to sustainability and its strategic partnerships position it as a notable contender in the rapidly evolving EV market, contributing to the global transition towards cleaner energy solutions.
DitchCarbon Score
How does Electra Battery Materials'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 Nickel Mining 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
Electra Battery Materials's score of 20 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Electra Battery Materials's reported carbon emissions
In 2022, Electra Battery Materials reported total carbon emissions of approximately 1,530,000 kg CO2e, comprising 118,000 kg CO2e from Scope 1, 8,000 kg CO2e from Scope 2, and about 1,404,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions breakdown includes significant contributions from purchased goods and services (1,050,000 kg CO2e), fuel and energy-related activities (177,000 kg CO2e), and employee commuting (60,000 kg CO2e). Comparatively, in 2021, the company emitted around 1,455,000 kg CO2e, with Scope 1 emissions at 311,000 kg CO2e, Scope 2 at 1,000 kg CO2e, and Scope 3 at approximately 1,228,000 kg CO2e. This indicates a reduction in total emissions from 2021 to 2022, primarily driven by a decrease in Scope 1 emissions. Despite these figures, Electra Battery Materials has not set specific reduction targets or climate pledges, nor does it appear to have cascaded emissions data from a parent company. The company is committed to addressing its carbon footprint but lacks formalised initiatives or targets at this time.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 311,000 | 000,000 |
| Scope 2 | 1,000 | 0,000 |
| Scope 3 | 1,228,000 | 0,000,000 |
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Electra Battery Materials's Scope 3 Categories Breakdown
Electra Battery Materials's Scope 3 emissions, which increased by 13% last year and increased by approximately 13% since 2021, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 76% of Scope 3 emissions.
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Electra Battery Materials'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.
Electra Battery Materials has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
