Vulcan Energy Resources
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 2,776,000 kg CO2e, with Scope 1 at approximately 25,000 kg CO2e, Scope 2 at around 4,336,000 kg CO2e, and Scope 3 at about 2,623,000 kg CO2e. Vulcan Energy Resources has not disclosed specific reduction targets or initiatives through the Science Based Targets initiative (SBTi) or other climate pledges. However, the company is committed to reducing its carbon footprint through its integrated renewable energy and lithium projects, which have reported a net negative impact on emissions, with contributions of -2,000 tonnes CO2e from the carbon footprint of the project and -8,900 tonnes CO2e from geothermal brine extraction and energy production. The emissions data is not cascaded from any parent organization, indicating that Vulcan Energy Resources operates independently in its reporting and climate commitments. The company continues to focus on sustainable practices in its operations, aligning with industry standards for climate action.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 2,330 | 00,000 | 0,000 |
| Scope 2 | 71,770 | 0,000,000 | 000,000 |
| Scope 3 | 2,172,870 | 0,000,000 | 00,000,000 |
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.
Vulcan Energy Resources 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.
