Vulcan Energy Resources Sustainability Profile
Vulcan Energy Resources, an innovative leader in the renewable energy sector, is headquartered in Australia and primarily operates in Europe. Founded in 2020, the company focuses on sustainable lithium extraction and geothermal energy production, positioning itself at the forefront of the transition to clean energy. Vulcan's unique approach combines lithium extraction from geothermal brine with zero-carbon processes, setting it apart in the industry. The company aims to supply the growing electric vehicle market with responsibly sourced lithium, contributing to a more sustainable future. With significant milestones, including partnerships with major automotive manufacturers, Vulcan Energy Resources is rapidly establishing itself as a key player in the global energy landscape, committed to reducing carbon emissions and promoting environmental stewardship.
DitchCarbon Score
How does Vulcan Energy Resources'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 Electricity Transmission 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
Vulcan Energy Resources's score of 19 is lower than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Vulcan Energy Resources's reported carbon emissions
In 2023, Vulcan Energy Resources reported total carbon emissions of approximately 26,100,000 kg CO2e. This figure includes Scope 1 emissions of about 9,000 kg CO2e, Scope 2 emissions of approximately 128,000 kg CO2e, and significant Scope 3 emissions amounting to around 21,755,000 kg CO2e. The previous year, 2022, saw total emissions of about 2,775,670 kg CO2e, with Scope 1 at approximately 24,500 kg CO2e, Scope 2 at about 128,060 kg CO2e, and Scope 3 emissions reaching around 2,623,110 kg CO2e. Vulcan Energy Resources has not disclosed specific reduction targets or initiatives as part of their climate commitments. The company does not appear to have inherited emissions data from a parent organisation, and all reported figures are sourced directly from Vulcan Energy Resources Limited. The absence of a structured climate pledge or SBTi targets indicates a need for further development in their climate strategy. Overall, Vulcan Energy Resources is actively engaged in monitoring its carbon footprint, but further commitments and reduction strategies would enhance its climate action profile.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 2,330 | 00,000 | 0,000 |
| Scope 2 | 71,770 | 000,000 | 000,000 |
| Scope 3 | 2,172,870 | 0,000,000 | 00,000,000 |
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Vulcan Energy Resources'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.
Vulcan Energy Resources has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
