Electra Battery Materials
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 17 is lower than 65% 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. This figure includes Scope 1 emissions of about 118,000 kg CO2e, Scope 2 emissions of around 8,000 kg CO2e, and significant Scope 3 emissions totalling approximately 1,404,000 kg CO2e. The Scope 3 emissions breakdown reveals major contributions from purchased goods and services (about 1,050,000 kg CO2e) and fuel and energy-related activities (approximately 177,000 kg CO2e). Comparatively, in 2021, the company recorded total emissions of about 1,460,000 kg CO2e, with Scope 1 emissions at approximately 311,000 kg CO2e, Scope 2 at about 1,000 kg CO2e, and Scope 3 emissions around 1,228,000 kg CO2e. This indicates a slight increase in total emissions year-on-year, primarily driven by Scope 3 emissions. Electra Battery Materials has not disclosed any specific reduction targets or initiatives as part of its climate commitments. The absence of Science-Based Targets Initiative (SBTi) targets or documented reduction initiatives suggests that the company is currently focusing on understanding and managing its emissions profile without formalised reduction commitments. Overall, Electra Battery Materials is actively monitoring its carbon footprint, particularly in Scope 3 emissions, which represent the majority of its total emissions. The company is headquartered in California and is positioned within the battery materials industry, which is increasingly scrutinised for its environmental impact.
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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 |
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.
Electra Battery Materials is not participating in any of the initiatives that 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.
