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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.
-5 vs industry average
Electra Battery Materials’s score of 6 is lower than 27% 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, a Nickel ores and concentrates company headquartered in CA, reported total emissions of approximately 1,508,000 kg CO2e in 2022. This included Scope 1 emissions of 118,000 kg CO2e, Scope 2 emissions of 8,000 kg CO2e, and Scope 3 emissions of 1,382,000 kg CO2e. Key contributors to Scope 3 emissions in 2022 were purchased goods and services (1,050,000 kg CO2e) and fuel and energy-related activities (177,000 kg CO2e).
In 2021, the company's total emissions were approximately 1,540,000 kg CO2e. This comprised Scope 1 emissions of 311,000 kg CO2e, Scope 2 emissions of 1,000 kg CO2e, and Scope 3 emissions of 1,228,000 kg CO2e. Significant Scope 3 contributors in 2021 included purchased goods and services (860,000 kg CO2e) and fuel and energy-related activities (199,000 kg CO2e).
Electra Battery Materials does not currently have publicly available reduction targets or commitments such as those set by the Science Based Targets initiative (SBTi) or the Climate Pledge.
No climate goals have been disclosed for Electra Battery Materials yet.
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