Li-Cycle Holdings Corp. Sustainability Profile
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 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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Li-Cycle Holdings Corp.'s reported carbon emissions
In 2023, Li-Cycle Holdings Corp., headquartered in California, reported significant carbon emissions totalling approximately 61,807,000 kg CO2e for Scope 1 and about 2,488,000 kg CO2e for Scope 2. The company has not disclosed any Scope 3 emissions data. Despite the substantial emissions figures, there are currently no specific reduction targets or climate pledges outlined by Li-Cycle. The absence of documented reduction initiatives suggests that the company may still be in the early stages of formalising its climate commitments. Li-Cycle's emissions data is not cascaded from any parent organisation, indicating that these figures are solely representative of its own operations. As the company continues to develop its sustainability strategy, stakeholders will be keen to see future commitments and initiatives aimed at reducing its carbon footprint.
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| 2023 | |
|---|---|
| Scope 1 | 61,807,000 |
| Scope 2 | 2,488,000 |
| Scope 3 | - |
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Li-Cycle Holdings Corp.'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.
Li-Cycle Holdings Corp. has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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