Electra Battery Materials Corporation.
ELBM.US | Manufacture of basic precious and other non-ferrous metals
Electra Battery Materials Corporation is a Canada-based company focused on producing battery-grade cobalt, nickel, and other battery materials. The company is developing a hydrometallurgical refinery in Ontario, Canada, to produce battery-grade nickel sulfate and cobalt sulfate. Electra also owns th...Show More
Better Health for All
0
No specific, concrete data points were found in the provided articles that directly address the KPIs under the 'Better Health for All' ethical value. The company's core business of producing battery materials does not directly intersect with health-related products, services, or initiatives as defined by the rubric.
1
Information regarding general safety protocols, environmental footprint reduction, or community engagement was noted but deemed not applicable to the specific health-focused criteria of this value, as per the rubric's definitions and exclusions (e.g., workplace safety and environmental pollution control are excluded).
2
Therefore, all KPIs are omitted due to lack of relevant evidence.
Fair Money & Economic Opportunity
0
No evidence available to assess Electra Battery Materials Corporation on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
30
Electra Battery Materials achieved zero lost-time incidents at its refinery complex during commissioning and construction phases.
1
In 2023, the company recorded 70,000 hours without lost-time injuries.
2
The company has a clean record with no regulatory actions, violations, or fines mentioned in the provided documents. However, Article 1 states that the company represents it is in compliance with all laws,
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and Article 3 mentions a Whistleblower Policy and a Code of Business Conduct and Ethics,
4
but these are not evidence of zero *substantiated* violations. Article 1 states, "There has not been and there is not currently any, or any reasonably foreseeable, labor disruption or conflict involving the Company or any of its subsidiaries."
5
This indicates no *known* violations or conflicts, but the rubric requires *substantiated* incidents. The absence of reported violations in the articles, combined with the general compliance statement, aligns with a -10 score for 'Zero fines or violations in past two years' as it indicates no *publicly recorded* issues, but not necessarily a proactive clean record verified by audits or hotlines. The company launched a whistleblower channel in 2022
6
and adopted a zero-tolerance policy against human rights abuses in compliance with Responsible Mining Initiative Standards.
7
Its Code of Business Conduct and Ethics mandates upholding human rights
8
and applies to all employees, directors, officers, and contractors, with employees signing it during onboarding.
9
A Human Rights Policy is in line with the United Nations Guiding Principles on Business and Human Rights.
10
Fair Trade & Ethical Sourcing
-50
The company conducts annual supply chain audits.
1
It sources cobalt hydroxide from the Democratic Republic of Congo (DRC), which accounts for 80% of the global supply of this material.
2
The company adheres to Responsible Minerals Initiative (RMI) Standards and OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas.
3
Honest & Fair Business
0
The provided article does not contain any specific, quantitative data points or factual information relevant to the 'Honest & Fair Business' KPIs. There is no information regarding regulatory fines, transparency index scores, whistleblower policies, financial restatements, audit coverage, ESG controversy scores, complaint resolution times, board conflict-free percentages, anti-corruption policies, or third-party verification.
1
Kind to Animals
0
The provided articles do not contain specific, measurable data points related to animal welfare, animal testing, animal-derived ingredients, or humane certifications for Electra Battery Materials Corporation. While some articles mention commitments to protecting biodiversity and natural habitats.
1
They lack quantitative metrics on species recovery or habitat restoration. Similarly, general statements about providing 'ethical' and 'traceable materials'.
2
Do not provide the necessary detail to assess the percentage of animal-derived inputs replaced or supplier audit percentages for animal welfare. The company's core business of producing battery materials (cobalt, nickel).
3
Does not typically involve animal agriculture, animal testing, or animal-derived products, which would render many KPIs as 'N/A' if explicit evidence of zero involvement were present. However, without explicit statements confirming the absence of these activities or providing measurable outcomes for relevant KPIs, no scores can be assigned based on the provided rubric and evidence rules.
No War, No Weapons
0
No evidence available to assess Electra Battery Materials Corporation on No War, No Weapons.
Planet-Friendly Business
-50
Electra Battery Materials reported total Scope 1, 2, and 3 greenhouse gas emissions of 1,540 tCO2e for the full year 2021 and 1,508 tCO2e for January to September 2022.
1
The company has a net-zero greenhouse gas emissions target year of 2050.
2
It is developing a decarbonization roadmap with medium-term goals to be published in 2023.
3
More than 90% of the electricity used by its Ontario refinery is generated from zero or low-carbon sources.
4
The company achieved zero confirmed incidents of corruption and zero legal actions regarding anti-competitive behavior in both 2021 and 2022.
5
Electra installed a weather station to set an environmental baseline and understand local vulnerabilities to extreme climate events.
6
In 2022, the company began requesting third-party due diligence or audit reports related to the Responsible Minerals Initiative assessment from its suppliers, with three suppliers assessed for environmental and social impacts.
7
The company is committed to protecting biodiversity and natural habitats, implementing measures to prevent, mitigate, and offset potential environmental impacts.
8
It plans to approach communities and Indigenous groups with employment, training, and development opportunities.
9
Respect for Cultures & Communities
0
No evidence available to assess Electra Battery Materials Corporation on Respect for Cultures & Communities.
Safe & Smart Tech
0
The provided articles for Electra Battery Materials Corporation (ELBM.US) primarily focus on financial performance, refinery project updates, exploration activities, and corporate disclosure policies.
1
There is no specific, concrete evidence found across any of the articles regarding the company's performance on data protection, cybersecurity, or responsible AI.
2
Therefore, no KPIs under the 'Safe & Smart Tech' value can be scored based on the provided information.
Zero Waste & Sustainable Products
-30
In 2022, Electra Battery Materials Corporation recycled 75.24 tonnes of non-hazardous waste out of a total of 148.24 tonnes generated, achieving a waste diversion rate of 50.75%.
1
The company reported zero waste disposal violations or citations in 2022.
2
Total hazardous waste generated in 2022 was 0.06 tonnes, a significant reduction from 6.40 tonnes in 2021.
3
Electra operates a battery recycling facility, processing 40 tonnes of black mass and recovering approximately 20 tonnes of nickel-cobalt MHP.
4
The company is noted as the only plant-scale operator in North America currently recovering all critical metals from recycled lithium-ion batteries.
5