Electra Releases Inaugural Sustainability Report, Committing to Net-Zero Greenhouse Emissions by 2050
11 January 2023 - 11:00PM
Business Wire
Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V:
ELBM) (“Electra” or the “Company”) today released its inaugural
Sustainability Report outlining the Company’s progress on
environmental, social, and governance (“ESG”) matters in 2022 and
commitments to sustainable, low-carbon production of battery grade
materials at its refinery complex north of Toronto.
“2022 was marked by considerable progress on a number of ESG
fronts,” said Trent Mell, Electra’s CEO. “Most notably, we launched
our ESG policies and framework, appointed Renata Cardoso, an
experienced sustainability expert, as VP of Sustainability and Low
Carbon, became members of the Responsible Minerals Initiative, and
signed a benefits agreement with the Métis Nation of Ontario. Our
commitment to annual sustainability reporting will hold Electra
accountable for transparent disclosure of the Company’s
contribution to sustainable development.
“We will build on these milestones as we complete the
commissioning of our cobalt sulfate refinery and our black mass
recycling trial program over the coming months and begin commercial
production in 2023. Key to our success will be to leverage our
low-carbon hydrometallurgical production facilities and establish
Electra as an ESG leader within the electric vehicle battery supply
chain in North America.”
Highlights of Electra’s ESG Progress in 2022
- Developed an ESG Framework outlining the Company’s priorities
and commitments, including pledging to achieve net-zero greenhouse
gas emissions by 2050.
- Signed a benefits agreement with the Métis Nation of
Ontario.
- Launched a whistleblower channel, allowing all of Electra’s
stakeholders to alert the Company of a potential misconduct in a
confidential manner.
- Adopted a zero-tolerance policy against human rights abuses in
compliance with the Responsible Mining Initiative Standards.
- Achieved zero lost-time incidents at the refinery complex
during the commissioning and construction phases.
- With the launch of its 2022 Sustainability Report, Electra set
the foundation for the Company’s ESG disclosures, including
greenhouse emissions, water stewardship, diversity, equity, and
inclusion, governance, and social performance.
“Making use of leading ESG frameworks, such as the Global
Reporting Initiative and the Sustainability Accounting Standards
Board, Electra has built a solid ESG foundation to drive our focus,
operations, and performance for years to come,” said Renata
Cardoso, Electra’s VP of Sustainability and Low Carbon. “Our
results to date positions us at the forefront of ESG practices
within the EV battery industry.”
Electra’s inaugural Sustainability Report can be found on the
Company’s website, https://electrabmc.com/esg.
About Electra Battery Materials Electra is a processor of
low-carbon, ethically-sourced battery materials. Currently
commissioning North America’s only cobalt sulfate refinery, Electra
is executing a multipronged strategy focused on onshoring the
electric vehicle supply chain. Keys to its strategy are integrating
black mass recycling and nickel sulfate production at Electra’s
refinery located north of Toronto, advancing Iron Creek, its
cobalt-copper exploration-stage project in the Idaho Cobalt Belt,
and expanding cobalt sulfate processing into Bécancour, Quebec. For
more information visit www.ElectraBMC.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Cautionary Note Regarding Forward-Looking Statements This
news release may contain forward-looking statements and
forward-looking information (together, “forward-looking
statements”) within the meaning of applicable securities laws and
the United States Private Securities Litigation Reform Act of 1995.
All statements, other than statements of historical facts, are
forward-looking statements. Generally, forward-looking statements
can be identified by the use of terminology such as “plans”,
“expects', “estimates”, “intends”, “anticipates”, “believes” or
variations of such words, or statements that certain actions,
events or results “may”, “could”, “would”, “might”, “occur” or “be
achieved”. Forward-looking statements involve risks, uncertainties
and other factors that could cause actual results, performance, and
opportunities to differ materially from those implied by such
forward-looking statements. Factors that could cause actual results
to differ materially from these forward-looking statements are set
forth in the management discussion and analysis and other
disclosures of risk factors for Electra Battery Materials
Corporation, filed on SEDAR at www.sedar.com. Although Electra
Battery Materials Corporation believes that the information and
assumptions used in preparing the forward-looking statements are
reasonable, undue reliance should not be placed on these
statements, which only apply as of the date of this news release,
and no assurance can be given that such events will occur in the
disclosed times frames or at all. Except where required by
applicable law, Electra Battery Materials Corporation disclaims any
intention or obligation to update or revise any forward-looking
statement, whether as a result of new information, future events or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20230111005224/en/
Joe Racanelli Vice President, Investor Relations
info@ElectraBMC.com 1.416.900.3891
Electra Battery Materials (NASDAQ:ELBM)
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