Largo Inc..
LGO.US | Mining of other non-ferrous metal ores
Largo Inc. is a company focused on the production and supply of vanadium products. It operates primarily through its Maracás Menchen Mine in Brazil, which is a source of high-purity vanadium pentoxide (V2O5). Largo serves the steel, energy storage, and chemical industries. The company is involved in...Show More
Better Health for All
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Largo Inc.'s primary products, vanadium and vanadium redox flow batteries (VRFBs), do not have a direct positive or negative health impact, making most health-related KPIs not applicable.
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However, VRFBs are noted to have lower CO2 emissions compared to lithium-ion batteries, which suggests a positive environmental impact that can indirectly benefit health.
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The company's reports focus on climate change, operational safety, and environmental management, rather than direct health outcomes or initiatives.
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Fair Money & Economic Opportunity
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No evidence available to assess Largo Inc. on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
10
Largo Inc. reported no instances of forced labor or child labor in its operations or supply chains during 2023.
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All employees of LVMSA and its largest on-site contractors are covered by collective bargaining agreements.
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However, the total percentage of the global workforce covered is not specified, only that these specific groups are fully covered.
Fair Trade & Ethical Sourcing
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Largo Inc. has not identified any substantiated forced or child labor findings in the last three years.
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All of the company's LVMSA contracts, as well as all three service provision, purchase, and sale contracts, include enforceable clauses that prohibit forced labor and child labor, along with other human rights, safety, and environmental considerations.
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Honest & Fair Business
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Largo Inc. has reported no ethics-related regulatory actions in 2023 or 2024.
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The company has a formal whistleblower protection policy, which includes an Ethics Hotline for reporting.
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Additionally, an anti-bribery and corruption policy exists.
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Kind to Animals
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No specific, concrete evidence was found in the provided articles to assess Largo Inc. against any of the 'Kind to Animals' KPIs. Information regarding cruelty-free certifications, animal testing, humane certifications for operations, measurable wildlife conservation impact, ethical input substitution, animal-related supplier audits for welfare compliance, cage-free sourcing, animal agriculture ethics, or animal-free R&D collaboration and policy engagement was not provided.
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No War, No Weapons
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No evidence available to assess Largo Inc. on No War, No Weapons.
Planet-Friendly Business
-40
Largo Inc. reported total Scope 1, 2, and 3 emissions of 86,035 tCO2e in 2021.
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For 2023, Scope 1 and 2 emissions were 96,780 tCO2e, but Scope 3 emissions were preliminary and not fully calculated.
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The company reported zero environmental compliance violations related to water quality permits in 2023.
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Largo Inc. reuses 95% of water in its ore processing.
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The company's operational footprint is 338 hectares, with 1,088 hectares designated as a protected area (São Conrado Legal Reserve) and 3,249 hectares maintained in a natural state.
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Respect for Cultures & Communities
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No specific, quantitative evidence was found across the provided articles to assess Largo Inc.'s performance against the 'Respect for Cultures & Communities' value. The articles either discuss general DEI metrics without company-specific data, are unavailable, or refer to the City of Largo rather than Largo Inc. One article from Largo Inc.'s website expresses values related to respect for people and communities but explicitly states it lacks concrete examples or quantitative data on actions taken.
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Safe & Smart Tech
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No evidence available to assess Largo Inc. on Safe & Smart Tech.
Zero Waste & Sustainable Products
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In 2023, Largo Inc. achieved a waste diversion rate of 59% through recycling, composting, or reuse.
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The company implemented one waste reduction initiative, the Ilmenite Concentration Plant, which was completed in 2023 and reduces tailings volume by approximately 20%.
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In 2023, Largo generated 278.7 tonnes of hazardous waste and recycled 171.4 tonnes of it.
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The company received two fines in 2023, totaling US$110,187, for uncontrolled seepage at a tailings storage facility.
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