Li-Cycle Holdings Corp.
Li-Cycle Holdings Corp., commonly referred to as Li-Cycle, is a leading player in the lithium-ion battery recycling industry, headquartered in Canada. Founded in 2016, the company has rapidly established itself as a pioneer in sustainable resource recovery, focusing on the circular economy for battery materials. With major operational regions across North America and Europe, Li-Cycle offers innovative solutions for recycling lithium-ion batteries, transforming waste into valuable resources. Their proprietary Spoke and Hub technology sets them apart, enabling efficient processing and recovery of critical materials. Recognised for its commitment to sustainability, Li-Cycle has achieved significant milestones, including partnerships with major automotive manufacturers and expansion of its recycling facilities. As the demand for electric vehicles and renewable energy solutions grows, Li-Cycle is well-positioned to lead the charge in responsible battery lifecycle management.
DitchCarbon Score
How does Li-Cycle Holdings Corp.'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 Food Waste Incineration 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
Li-Cycle Holdings Corp.'s score of 13 is lower than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Li-Cycle Holdings Corp.'s reported carbon emissions
In 2023, Li-Cycle Holdings Corp., headquartered in California, reported significant carbon emissions totalling approximately 64,807,000 kg CO2e from Scope 1 and about 2,488,000 kg CO2e from Scope 2. The Scope 1 emissions primarily stem from direct operations, while Scope 2 emissions are associated with purchased electricity, with approximately 2,164,000 kg CO2e attributed to this category. Currently, Li-Cycle has not disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. This lack of defined climate commitments may reflect the broader industry context, where many companies are still developing comprehensive strategies to address climate change and reduce greenhouse gas emissions. As the company continues to operate within the evolving landscape of sustainability, it remains crucial for Li-Cycle to establish clear climate commitments and reduction targets to align with global efforts in combating climate change.
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| 2023 | |
|---|---|
| Scope 1 | 61,807,000 |
| Scope 2 | 2,488,000 |
| Scope 3 | - |
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.
Li-Cycle Holdings Corp. 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.
