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.
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.
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.
Electra Battery Materials's score of 17 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2022, Electra Battery Materials reported total carbon emissions of approximately 1,538,000 kg CO2e, comprising 118,000 kg CO2e from Scope 1, 8,000 kg CO2e from Scope 2, and about 1,412,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions included significant contributions from purchased goods and services (1,050,000 kg CO2e) and business travel (74,000 kg CO2e). In 2021, the company’s emissions were slightly higher, totalling around 1,433,000 kg CO2e, with Scope 1 emissions at 311,000 kg CO2e, Scope 2 at 1,000 kg CO2e, and Scope 3 at approximately 1,122,000 kg CO2e. This indicates a notable increase in Scope 3 emissions from 2021 to 2022. Despite these figures, Electra Battery Materials has not publicly disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of defined reduction commitments suggests a need for further clarity on their climate strategy and long-term sustainability goals.
Access structured emissions data, company-specific emission factors, and source documents
Add to project2021 | 2022 | |
---|---|---|
Scope 1 | 311,000 | 000,000 |
Scope 2 | 1,000 | 0,000 |
Scope 3 | 1,228,000 | 0,000,000 |
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.
Electra Battery Materials 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.