Allkem Limited, a prominent player in the lithium and chemical manufacturing industry, is headquartered in Australia. Established in 2021 through the merger of Orocobre Limited and Galaxy Resources, Allkem has rapidly positioned itself as a key contributor to the global transition towards sustainable energy solutions. The company operates primarily in Australia, Argentina, and Japan, focusing on the production of lithium hydroxide and lithium carbonate, essential components for electric vehicle batteries and renewable energy storage.
Allkem's unique approach combines innovative extraction techniques with a commitment to environmental sustainability, setting it apart in a competitive market. With significant milestones, including the expansion of its lithium production capacity, Allkem has achieved a strong market presence, recognised for its high-quality products and strategic partnerships. As the demand for lithium continues to surge, Allkem is well-placed to play a vital role in the evolving energy landscape.
+4 vs industry average
Allkem’s score of 22 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Salt and Mineral Mining has above-average carbon intensity
Industry performance
The Salt and Mineral Mining industry has reduced its overall emissions by 66% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Allkem's reported carbon emissions
In 2023, Allkem reported total emissions of approximately 134.7 million kg CO2e, which encompasses Scope 1 and Scope 2 emissions. The company has not disclosed specific Scope 3 emissions data for this year. In 2022, Allkem's emissions included approximately 119.7 million kg CO2e from Scope 1 and about 82 million kg CO2e from Scope 3, indicating a significant reliance on upstream emissions. Allkem's emissions data is cascaded from its parent company, Allkem Pty Ltd, which is responsible for the reported figures. Notably, there are currently no specific reduction targets or climate pledges outlined in their sustainability initiatives. The absence of documented reduction targets suggests that Allkem is still in the early stages of formalising its climate commitments. The company operates within the lithium and borates sector, which is increasingly scrutinised for its environmental impact. As such, Allkem's future climate strategies may evolve to align with industry standards and stakeholder expectations.
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Allkem’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Allkem yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Inherited from Rio Tinto GroupEmissions comparison with industry peers
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Allkem
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