VULCAN ENERGY RESOURCES.
VUL.XETRA | Other mining and quarrying n.e.c.
Vulcan Energy Resources is a geothermal energy company focused on producing lithium hydroxide from geothermal brines. The company aims to extract lithium from geothermal brine using a direct lithium extraction (DLE) process, while simultaneously generating renewable geothermal energy. This process i...Show More
Better Health for All
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Vulcan Energy Resources' core business involves producing geothermal energy and lithium hydroxide for electric vehicles.
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These products are not health-related, and therefore have no significant positive or negative direct health impact, making the 'health_impact_core' KPI neutral.
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The company's business activities do not involve products with well-established negative health outcomes, resulting in a neutral 'harmful_revenue_share'.
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The products do not have direct safety implications for users, making 'safety_record' not applicable.
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Similarly, the company does not offer health-related products or services requiring considerations for 'price_accessibility', 'vulnerable_reach', 'health_innovation_investment', 'health_equity_programs', 'healthcare_workforce_support', 'preventative_health_measures', 'healthcare_data_responsibility', 'global_health_crisis_response', 'mental_health_initiatives', 'pharma_patent_flexibility', 'nutrition_and_food_safety', 'healthcare_education', 'addiction_mitigation', or 'clinical_trial_ethics'.
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While the company's operations aim to reduce CO2 emissions, which can indirectly benefit health, the value definition explicitly excludes 'environmental pollution control' from this assessment, thus rendering 'health_externalities' neutral.
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Transparency efforts are focused on environmental and social project risks, not health risks or benefits of products, making 'risk_transparency' not applicable.
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Fair Money & Economic Opportunity
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Vulcan Energy Resources is a geothermal energy company focused on lithium production, not a financial institution. As such, the company does not offer lending, deposit, or other financial services to consumers. Therefore, all KPIs related to financial products, services, customer financial data, and lending practices are not applicable to its core business model. While the company's Community Relations Policy mentions employing local people and purchasing local products, and engaging with host communities, these activities do not constitute 'community finance reinvestment,' 'inclusion lending,' or 'financial service access points' as defined by the rubric's specific financial services context.
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Fair Pay & Worker Respect
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The company reported a CEO to median employee pay ratio of 3.40:1 in its 2022 Annual Report.
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For safety, it recorded zero lost-time incidents and zero fatalities, with two minor incidents reported in the same period.
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However, 0% of employees were covered by collective bargaining agreements as of 2022.
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The voluntary employee turnover rate was approximately 13.5% at the end of 2022.
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The company also reported no substantiated labor law or human rights violations for 2022.
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Fair Trade & Ethical Sourcing
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Vulcan Energy Resources has established policies and commitments related to ethical sourcing. The company prohibits the use of child, compulsory, or forced labor, trafficking in persons, and any acts associated with modern-day slavery for any purpose.
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It states that it does not and will not employ child or forced labor.
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Vulcan Metals is committed to fair and inclusive hiring and remuneration practices and supplier diversity outreach.
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The company follows U.S. Securities and Exchange Commission guidelines regarding Conflict Minerals.
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It does not knowingly use raw materials that directly or indirectly contribute to armed conflict or human rights abuses with respect to any of its products.
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Its Conflict Minerals Policy, approved May 25, 2022, assesses the risk of conflict minerals entering its supply chain as 'Low Risk'.
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Consultants, representatives, and third parties must certify that they will comply with the Corporation’s requirements for doing business on its behalf.
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Vulcan has a Corporate Code of Conduct and Ethics, a Sustainable Supplier Policy, and is a member of the United Nations Global Compact.
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The company commits to swiftly investigate, address, and resolve problems related to workplace violence.
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However, no quantitative data was provided for any KPI, including the percentage of spend covered by fair-trade certifications, average audit frequency for suppliers, number of substantiated forced or child labor incidents, traceability coverage, median remediation speed, percentage of contracts with ethical clauses, share of spend on high-risk materials, or the percentage of procurement budget directed to diverse suppliers.
Honest & Fair Business
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No evidence available to assess VULCAN ENERGY RESOURCES on Honest & Fair Business.
Kind to Animals
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Vulcan Energy Resources, a geothermal energy and lithium producer, does not engage in activities such as animal testing, animal agriculture, or the production of animal-derived ingredients. Consequently, KPIs related to cruelty-free certification, alternative testing, humane operations, ethical input substitution, cage-free sourcing, animal testing policy and volume, innovation in animal-free R&D, animal agriculture ethics, and animal-free R&D collaboration are not applicable to its operations. However, the company demonstrates engagement in wildlife conservation and public policy. Vulcan operates 41 sites with Wildlife Habitat Council-certified wildlife habitats
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and manages 6,300 acres in mitigation banks and conservation easements.
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It also collaborates globally on wildlife protection, including the Great Elephant Census, EarthRanger technology in Africa, and Global FinPrint for marine conservation.
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Furthermore, Vulcan actively engages in public policy, notably sponsoring a successful ballot initiative in Washington State to restrict trafficking in products from endangered animals.
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No War, No Weapons
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No specific, quantifiable evidence was found in the provided articles to assess Vulcan Energy Resources against any of the 'No War, No Weapons' KPIs. The articles primarily focus on the company's geothermal energy projects, funding, and general sustainability efforts, explicitly stating that no data related to arms, defense contracts, or conflict-related metrics is present. While a conflict minerals policy is mentioned, no specific percentage of the supply chain certified conflict-free or procurement from conflict zones is provided.
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Planet-Friendly Business
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Vulcan Energy Resources' integrated renewable energy and lithium project has a net climate change impact contribution of –2.0 kg CO₂ eq. per kg of lithium hydroxide (LHM) produced, based on a 2024 Life Cycle Assessment.
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With a Phase One production target of 24,000 tonnes of LHM per annum, this equates to approximately -48,000 tCO₂e annually.
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Life Cycle Assessments have been conducted for its core lithium hydroxide product. The company has undertaken one Environmental and Social Impact Assessment (ESIA) for its Phase One project.
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The 2024 Sustainability Report states alignment with TCFD recommendations, but does not provide data for climate scenario analysis.
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Respect for Cultures & Communities
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Vulcan Energy Resources has completed an Environmental and Social Impact Assessment (ESIA) with external consultants.
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The company aligns with international standards such as IFC Performance Standards 1 and Equator Principles 4th Edition, which include requirements for cultural heritage assessment.
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A detailed grievance mechanism is outlined for community and workforce concerns for its Zero Carbon Lithium Project in Germany, including specific steps for handling and resolving issues.
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Given the company's primary operations in Germany's Upper Rhine Valley, and the absence of information regarding indigenous populations in this area, FPIC processes are considered not applicable to its current operations.
Safe & Smart Tech
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Vulcan Energy Resources Limited states compliance with the Australian Privacy Act 1988 and the Australian Privacy Principles (APPs).
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No other specific data regarding cybersecurity, AI ethics, data breaches, or privacy practices was provided.
Zero Waste & Sustainable Products
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No specific quantitative data for VUL.XETRA related to waste diversion, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design, waste reduction initiatives, hazardous waste management, product durability, repairability, waste audit frequency, zero-waste certification, waste disposal violations, material efficiency, packaging-to-product ratio, waste reduction targets, supplier waste requirements, or customer waste education is provided across the articles. While Vulcan's A-DLE process has a 90% lithium extraction efficiency, this cannot be scored against the 'material_efficiency' KPI without a comparison to the industry average material input per unit of product output.
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The mention of 'sustainable supplier policies' is too general to be scored against specific waste reduction and recyclability requirements for suppliers.
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