How Salesforce, Google, others use tech as a ‘force multiplier’ in sustainability innovation

November 20, 2019 | 55 views

There is no shortage of technology companies in Silicon Valley and beyond claiming to be "making the world a better place," but too few are doing enough to address the world’s pressing environmental, social and governance (ESG) challenges. Yet, it’s encouraging to see a growing number of firms recognizing the business opportunity for developing and delivering tools that could help realize a more sustainable economy. From clean energy to the cloud, technology alone won’t stop climate change or most other sustainability ills — although it can serve as a "force multiplier" for advancing sustainability innovation. "Technological know-how is driving sustainable innovation," said Bruce Klafter, vice president of corporate social and environmental sustainability at Flex during the recent thinkPARALLAX Perspectives panel event at PCH International in San Francisco, which I moderated.

Spotlight

Solar Semiconductor (P) Ltd

Solar Semiconductor was incorporated in April 2006. We design, develop, manufacture and market a variety of solar photovoltaic (“PV”) products and solutions. High quality PV modules offered by Solar Semiconductor provide reliable, environmentally friendly and commercially viable electric power for residential, commercial, industrial and public utility applications in multifarious markets worldwide. Our strategy is to make quality, certified solar energy solutions affordable and price competitive.

OTHER ARTICLES
SOLAR+STORAGE

Renewables find success in ‘black start’ experiment

Article | June 14, 2022

Have you ever thought about what would happen if a power station failed? Without electricity to bring itself back online, it would be near impossible for a station to begin operating again, like trying to set fire to paper without a flame. This scenario would quickly lead to widespread chaos, with hospitals and schools plunged into darkness, refrigeration, and sanitation seriously hampered and transport systems brought to a standstill. For these reasons (and many, many more), governments and electricity networks often have complex and rigorous plans in place to bring dead power stations back online at the earliest.

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SOLAR+STORAGE

Treasury Wine Estates To Install Thousands Of Solar Panels

Article | June 8, 2022

The company behind famous Australian wine brands including Penfolds and Wolf Blass is embracing solar energy in a big way. ASX-listed Treasury Wine Estates (TWE) is one of the world’s largest wine companies and has an ambition to be the “world’s most admired premium wine company”. A powerful way to win consumer hearts, minds (and wallets) these days is to have a strong focus on sustainability. As part of its sustainability mission, wines in TWE’s portfolio will be produced using 100% renewable electricity by 2024. In a step towards this renewables goal in Australia, approximately 9,500 solar panels will be installed at Barossa Winery and Production Centre in South Australia, and Karadoc Winery in Victoria by the end of this year. Collectively, the solar panels will generate more than 5,500 megawatt-hours of electricity annually, enough to supply the equivalent of 900 homes. Total capacity wasn’t mentioned, but given the annual output, I’d estimate it at around 3.75 MW.

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A vision for renewable energy

Article | February 11, 2020

Right now, renewable energy makes up a very small part of the entire energy sector of Bangladesh. But as we move into the future, and concerns about the environment become too great to ignore, exploring cleaner and greener sources of energy becomes the need of the hour. Our economy is booming, and our population is growing, so it goes without saying that our energy requirements are immense. There is plenty of scientific evidence that burning fossil fuels indiscriminately is not sustainable in the long term, so we do need to up our game in looking at alternatives.

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2020: The Year of Convergence in Corporate Renewables

Article | February 10, 2020

The rapid growth of corporate renewable procurement has been nothing short of a buyer-driven revolution in the United States’ electric sector. Almost 20 gigawatts (GWs) of corporate power purchasing agreements (PPAs) were completed in 2019 across the globe, up from 13 GWs of corporate PPAs in 2018 and triple the numbers from 2017.1,2 And the majority of this growth has come from the United States. Fortunately for those of us committed to renewable energy, we expect this trend to continue. But as should be expected in such a dynamic, buyer-driven sector, we are starting to see some noticeable shifts in the marketplace as it evolves and grows. I wanted to highlight some of the trends Constellation is watching for this year.

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Spotlight

Solar Semiconductor (P) Ltd

Solar Semiconductor was incorporated in April 2006. We design, develop, manufacture and market a variety of solar photovoltaic (“PV”) products and solutions. High quality PV modules offered by Solar Semiconductor provide reliable, environmentally friendly and commercially viable electric power for residential, commercial, industrial and public utility applications in multifarious markets worldwide. Our strategy is to make quality, certified solar energy solutions affordable and price competitive.

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SUSTAINABILITY

Machine learning-led decarbonisation platform Ecolibrium launches in the UK

Ecolibrium | June 13, 2022

Machine learning-led decarbonisation platform Ecolibrium has today launched its revolutionary sustainability solution in the UK, as the race to reduce carbon emissions accelerates across the built environment. Relocating its global headquarters to London, Ecolibrium has raised $5m in a pre-Series A funding round as it looks to expand its international footprint to the UK. The round was co-led by Amit Bhatia's Swordfish Investments and Shravin Bharti Mittal's Unbound venture capital firm, alongside several strategic investors. Ecolibrium launches in the UK today having already signed its first commercial contract with Integral, JLL's UK engineering and facilities service business. The fundraising and UK expansion builds on Ecolibrium's considerable success in Asia Pacific, where its technology is being used across 50 million sq ft by more than 150 companies including Amazon, Fiat, Honeywell, Thomson Reuters, Tata Power, and the Delhi Metro. An annual reduction of 5-15% in carbon footprint has been achieved to date by companies which have deployed Ecolibrium's technology. Ecolibrium has also strengthened its senior UK management team, as it prepares to roll-out its green platform across the UK, by hiring facilities and asset management veteran Yash Kapila as its new head of commercial real estate. Kapila previously held senior leadership positions with JLL across APAC and EMEA regions. Introducing SmartSense At the heart of Ecolibrium's offer is its sustainability-led technology product SmartSense, which assimilates thousands of internet of things (IoT) data points from across a facility's entire energy infrastructure. This information is then channelled through Ecolibrium's proprietary machine learning algorithms, which have been developed over 10 years by their in-house subject matter experts. Customers can visualise the data through a bespoke user interface that provides actionable insights and a blueprint for achieving operational excellence, sustainability targets, and healthy buildings. This connected infrastructure generates a granular view of an asset's carbon footprint, unlocking inefficiencies and empowering smart decision-making, while driving a programme of continuous improvement to deliver empirical and tangible sustainability and productivity gains. Preparing for future regulation Quality environmental data and proof points are also providing a distinct business advantage at this time of increasing regulatory requirements that require corporates to disclose ESG and sustainability performance. Ecolibrium will work closely with customers to lead the way in shaping their ESG governance. According to Deloitte, with a minimum Grade B Energy Performance Certification (EPC) requirement anticipated by 2030, 80% of London office stock will need to be upgraded – an equivalent of 15 million sq ft per annum. Research from the World Economic Forum has found that the built environment is responsible for 40% of global energy consumption and 33% of greenhouse gas emissions, with one-fifth of the world's largest 2,000 companies adopting net zero strategies by 2050 or earlier. Technology holds the key to meeting this challenge, with Ecolibrium and other sustainability-focused changemakers leading the decarbonisation drive. "Our mission is to create a balance between people, planet and profit and our technology addresses each of these objectives, leading businesses to sustainable prosperity. There is no doubt the world is facing a climate emergency, and we must act now to decarbonise and protect our planet for future generations. By using our proprietary machine learning-led technology and deep in-house expertise, Ecolibrium can help commercial and industrial real estate owners to deliver against ESG objectives, as companies awaken to the fact that urgent action must be taken to reduce emissions and achieve net zero carbon targets in the built environment. Our goal is to partner with companies and coach them to work smarter, make critical decisions more quickly and consume less. And, by doing this at scale, Ecolibrium will make a significant impact on the carbon footprint of commercial and industrial assets, globally." -Chintan Soni, Chief Executive Officer at Ecolibrium The UK expansion has been supported by the Department for International Trade's Global Entrepreneur Programme. The programme has provided invaluable assistance in setting up Ecolibrium's London headquarters and scaling in the UK market. In turn, Ecolibrium is supporting the growth of UK innovation, promoting green job creation, and providing tangible economic benefits, as part of the country's wider transition to a more sustainable future. About Ecolibrium Ecolibrium is a machine learning-led decarbonisation platform balancing people, planet and profit to deliver sustainable prosperity for businesses. Founded in 2008 by entrepreneur brothers Chintan and Harit Soni, Ecolibrium provides expert advisory as well as technology-driven sustainability solutions to enable commercial and industrial real estate owners to reduce energy consumption and ultimately achieve their net zero carbon ambitions. Ecolibrium's flagship technology product SmartSense is currently being used across 50 million sq ft by more than 150 companies including JLL, Amazon, Fiat, Honeywell, Thomson Reuters, Tata Power, and the Delhi Metro. SmartSense collects real-time information on assets, operational data and critical metrics using internet of things (IoT) technology. This intelligence is then channelled through Ecolibrium's proprietary machine learning algorithms to visualise data and provide actionable insights to help companies make transformative changes to their sustainability goals.

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SUSTAINABILITY

PDI Acquires GreenPrint to Offer More Retailers Loyalty-Based Carbon Offset Programs, Establishing PDI Sustainability Solutions

Professional Datasolutions, Inc. | March 02, 2022

PDI, a global provider of leading enterprise management software for the convenience retail and petroleum wholesale industries, has acquired GreenPrint, the corporate sustainability solutions leader. GreenPrint will become the foundation of the newly established PDI Sustainability Solutions practice, leveraging the company's expertise to continue building a portfolio that improves business results through eco-minded innovations. Founded in 2014 and headquartered in Atlanta, Georgia, GreenPrint provides "sustainability as a service" to increase consumer loyalty, sales, and profitability for clients around the world. As innovators of carbon offset programs, GreenPrint offers both turnkey and custom solutions that help companies meet their sustainability goals while enhancing their brand value. PDI retail customers can now offer consumers an opportunity to reduce their environmental footprint while fueling, as GreenPrint programs award carbon offsets based on the purchase of petroleum at the pump through a proprietary processing and reporting portal. Participating consumers will see their sustainable contribution and impact grow over time, as the loyalty-based program makes an ongoing investment in verified carbon offset efforts such as reforestation, landfill gas capture, renewable energy, and other green initiatives. GreenPrint carbon offset programs follow industry-leading certifications and standards. To add further credibility and effectiveness, all calculations and offsetting claims are certified by a top-five global accounting firm. The acquisition of GreenPrint, with the proven, tangible impact its programs make, is a meaningful addition that will help our customers advance their sustainability objectives. By investing in GreenPrint and other forward-looking innovations under the umbrella of PDI Sustainability Solutions, we can connect brands and retailers with consumers who share a vision for an environmentally responsible future." Linnea Geiss, Chief Operating Officer at PDI PDI Sustainability Solutions will include existing technologies built by PDI, such as EV charge price optimization algorithms, to support the evolution of the c-store and wholesale petroleum industries. PDI is also developing integration opportunities for GreenPrint across its Consumer Engagement solutions, including the Fuel Rewards program, GasBuddy app, and the PDI portfolio of white label loyalty programs. "When PDI looked at ways it could support consumers in sustainable actions at the pump and in the c-store, GreenPrint rose to the top," revealed Mark Coffey, SVP and General Manager of Consumer Programs at PDI. "GreenPrint is recognized for making sustainability actions simple and effective. This creates a strong sense of consumer goodwill and loyalty that aligns powerfully with the leading loyalty programs PDI currently provides." Together with PDI, GreenPrint will continue as the sustainability partner behind reduced emissions programs for brands that include Marathon, Stop & Shop, Twice Daily, Maxol, The GIANT Company, and many others. Today, GreenPrint helps reduce emissions on over one billion gallons of fuel annually across thousands of retail locations and over 100,000 corporate and municipal fleets in 15 countries. "GreenPrint is a pioneer in purpose-driven loyalty and invented the concept of offering carbon offset gasoline at the pump as a bridge to the future and a way to build consumer loyalty," said Pete Davis, Co-Founder and CEO at GreenPrint. "Today, we are thrilled to join PDI to expand and extend our efforts." Before co-founding GreenPrint, Davis founded and led numerous other loyalty and rewards programs across the retail, hospitality, and payments sectors and is renowned as an innovator of retail and rewards technology. Davis, GreenPrint Co-Founder and President Trenton Spindler, and the GreenPrint team will join PDI as part of the acquisition, where they will remain focused on sustainability and loyalty. Berenson & Company and Citizens M&A Advisory served as financial advisors to PDI and GreenPrint, respectively, in connection with the transaction. About PDI Professional Datasolutions, Inc. (PDI) software helps businesses and brands increase sales, operate more efficiently and securely, and improve critical decision-making. Since 1983, PDI has proudly served the convenience retail and petroleum wholesale industries. Over 1,500 companies, representing more than 200,000 locations worldwide, count on PDI solutions and expertise to deliver convenience and energy to the world. About GreenPrint GreenPrint is a global environmental technology company, offering sustainability as a service with patent-protected programs that deliver environmental impact and bottom-line results. An Inc. 5000 company and a member of 1% for the Planet, GreenPrint's turnkey offerings help companies meet sustainability goals while increasing brand value and customer loyalty— making it easy for businesses to do well by doing good. GreenPrint, A Public Benefit Corporation, is on pace to offset over 30 million metric tons of carbon by 2025.

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SUSTAINABILITY

Livent Begins Third-Party IRMA Assessment in Argentina, Welcomes Opportunity to Strengthen Sustainability Program

Livent Corporation | February 16, 2022

Livent Corporation announced that it has begun a voluntary, third-party assessment of its brine-based lithium extraction and manufacturing operations at the Salar del Hombre Muerto, Catamarca, Argentina. This independent assessment of the company's Fenix site is the next step in the multi-stage review against the Initiative for Responsible Mining Assurance (IRMA) Standard for Responsible Mining. The IRMA Standard is widely considered to be the most comprehensive and rigorous set of requirements for mining industries, with a multi-stakeholder approach for defining robust criteria and evaluating performance in environmental management, labor practices, human rights, health & safety and community interests. Livent began the IRMA self-assessment of its Fenix site in February of 2021, becoming the first company in Argentina to begin the process and one of the first in the global lithium industry. With the commencement of the third-party assessment, Livent is now a full member of IRMA, joining other leading companies and organizations around the world who share the objective of advancing responsible mining. We began our journey with IRMA knowing that it would be an intensive, multi-year undertaking. Despite the demanding process, our teams are excited about beginning this next stage and welcome it as an opportunity for Livent to strengthen our sustainability program, including our efforts to engage with our local communities. We fully support IRMA's mission and are confident that Livent's participation in IRMA will result in better outcomes for our company, our stakeholders in Argentina and around the world, and the lithium industry as a whole." Paul Graves, president and chief executive officer of Livent "Increasingly, the world wants to understand the impacts of raw material extraction and to better protect communities and the environment on which we all depend. The Fenix assessment provides an opportunity for Livent to encourage input, increase transparency and explore ways to improve practices at the site," said Aimee Boulanger, IRMA's Executive Director. SCS Global Services (SCS), an IRMA-approved certification body, is conducting the third-party assessment, beginning with a desk review followed by an onsite audit. The auditors will review and verify data and policies; interview site managers, employees and external stakeholders, including nearby communities; identify areas for improvement; and publicly disclose the assessment results on the IRMA website. About Livent For nearly eight decades, Livent has partnered with its customers to safely and sustainably use lithium to power the world. Livent is one of only a small number of companies with the capability, reputation, and know-how to produce high-quality finished lithium compounds that are helping meet the growing demand for lithium. The company has one of the broadest product portfolios in the industry, powering demand for green energy, modern mobility, the mobile economy, and specialized innovations, including light alloys and lubricants. Livent employs approximately 900 people throughout the world and operates manufacturing sites in the United States, England, India, China and Argentina.

Read More

SUSTAINABILITY

Machine learning-led decarbonisation platform Ecolibrium launches in the UK

Ecolibrium | June 13, 2022

Machine learning-led decarbonisation platform Ecolibrium has today launched its revolutionary sustainability solution in the UK, as the race to reduce carbon emissions accelerates across the built environment. Relocating its global headquarters to London, Ecolibrium has raised $5m in a pre-Series A funding round as it looks to expand its international footprint to the UK. The round was co-led by Amit Bhatia's Swordfish Investments and Shravin Bharti Mittal's Unbound venture capital firm, alongside several strategic investors. Ecolibrium launches in the UK today having already signed its first commercial contract with Integral, JLL's UK engineering and facilities service business. The fundraising and UK expansion builds on Ecolibrium's considerable success in Asia Pacific, where its technology is being used across 50 million sq ft by more than 150 companies including Amazon, Fiat, Honeywell, Thomson Reuters, Tata Power, and the Delhi Metro. An annual reduction of 5-15% in carbon footprint has been achieved to date by companies which have deployed Ecolibrium's technology. Ecolibrium has also strengthened its senior UK management team, as it prepares to roll-out its green platform across the UK, by hiring facilities and asset management veteran Yash Kapila as its new head of commercial real estate. Kapila previously held senior leadership positions with JLL across APAC and EMEA regions. Introducing SmartSense At the heart of Ecolibrium's offer is its sustainability-led technology product SmartSense, which assimilates thousands of internet of things (IoT) data points from across a facility's entire energy infrastructure. This information is then channelled through Ecolibrium's proprietary machine learning algorithms, which have been developed over 10 years by their in-house subject matter experts. Customers can visualise the data through a bespoke user interface that provides actionable insights and a blueprint for achieving operational excellence, sustainability targets, and healthy buildings. This connected infrastructure generates a granular view of an asset's carbon footprint, unlocking inefficiencies and empowering smart decision-making, while driving a programme of continuous improvement to deliver empirical and tangible sustainability and productivity gains. Preparing for future regulation Quality environmental data and proof points are also providing a distinct business advantage at this time of increasing regulatory requirements that require corporates to disclose ESG and sustainability performance. Ecolibrium will work closely with customers to lead the way in shaping their ESG governance. According to Deloitte, with a minimum Grade B Energy Performance Certification (EPC) requirement anticipated by 2030, 80% of London office stock will need to be upgraded – an equivalent of 15 million sq ft per annum. Research from the World Economic Forum has found that the built environment is responsible for 40% of global energy consumption and 33% of greenhouse gas emissions, with one-fifth of the world's largest 2,000 companies adopting net zero strategies by 2050 or earlier. Technology holds the key to meeting this challenge, with Ecolibrium and other sustainability-focused changemakers leading the decarbonisation drive. "Our mission is to create a balance between people, planet and profit and our technology addresses each of these objectives, leading businesses to sustainable prosperity. There is no doubt the world is facing a climate emergency, and we must act now to decarbonise and protect our planet for future generations. By using our proprietary machine learning-led technology and deep in-house expertise, Ecolibrium can help commercial and industrial real estate owners to deliver against ESG objectives, as companies awaken to the fact that urgent action must be taken to reduce emissions and achieve net zero carbon targets in the built environment. Our goal is to partner with companies and coach them to work smarter, make critical decisions more quickly and consume less. And, by doing this at scale, Ecolibrium will make a significant impact on the carbon footprint of commercial and industrial assets, globally." -Chintan Soni, Chief Executive Officer at Ecolibrium The UK expansion has been supported by the Department for International Trade's Global Entrepreneur Programme. The programme has provided invaluable assistance in setting up Ecolibrium's London headquarters and scaling in the UK market. In turn, Ecolibrium is supporting the growth of UK innovation, promoting green job creation, and providing tangible economic benefits, as part of the country's wider transition to a more sustainable future. About Ecolibrium Ecolibrium is a machine learning-led decarbonisation platform balancing people, planet and profit to deliver sustainable prosperity for businesses. Founded in 2008 by entrepreneur brothers Chintan and Harit Soni, Ecolibrium provides expert advisory as well as technology-driven sustainability solutions to enable commercial and industrial real estate owners to reduce energy consumption and ultimately achieve their net zero carbon ambitions. Ecolibrium's flagship technology product SmartSense is currently being used across 50 million sq ft by more than 150 companies including JLL, Amazon, Fiat, Honeywell, Thomson Reuters, Tata Power, and the Delhi Metro. SmartSense collects real-time information on assets, operational data and critical metrics using internet of things (IoT) technology. This intelligence is then channelled through Ecolibrium's proprietary machine learning algorithms to visualise data and provide actionable insights to help companies make transformative changes to their sustainability goals.

Read More

SUSTAINABILITY

PDI Acquires GreenPrint to Offer More Retailers Loyalty-Based Carbon Offset Programs, Establishing PDI Sustainability Solutions

Professional Datasolutions, Inc. | March 02, 2022

PDI, a global provider of leading enterprise management software for the convenience retail and petroleum wholesale industries, has acquired GreenPrint, the corporate sustainability solutions leader. GreenPrint will become the foundation of the newly established PDI Sustainability Solutions practice, leveraging the company's expertise to continue building a portfolio that improves business results through eco-minded innovations. Founded in 2014 and headquartered in Atlanta, Georgia, GreenPrint provides "sustainability as a service" to increase consumer loyalty, sales, and profitability for clients around the world. As innovators of carbon offset programs, GreenPrint offers both turnkey and custom solutions that help companies meet their sustainability goals while enhancing their brand value. PDI retail customers can now offer consumers an opportunity to reduce their environmental footprint while fueling, as GreenPrint programs award carbon offsets based on the purchase of petroleum at the pump through a proprietary processing and reporting portal. Participating consumers will see their sustainable contribution and impact grow over time, as the loyalty-based program makes an ongoing investment in verified carbon offset efforts such as reforestation, landfill gas capture, renewable energy, and other green initiatives. GreenPrint carbon offset programs follow industry-leading certifications and standards. To add further credibility and effectiveness, all calculations and offsetting claims are certified by a top-five global accounting firm. The acquisition of GreenPrint, with the proven, tangible impact its programs make, is a meaningful addition that will help our customers advance their sustainability objectives. By investing in GreenPrint and other forward-looking innovations under the umbrella of PDI Sustainability Solutions, we can connect brands and retailers with consumers who share a vision for an environmentally responsible future." Linnea Geiss, Chief Operating Officer at PDI PDI Sustainability Solutions will include existing technologies built by PDI, such as EV charge price optimization algorithms, to support the evolution of the c-store and wholesale petroleum industries. PDI is also developing integration opportunities for GreenPrint across its Consumer Engagement solutions, including the Fuel Rewards program, GasBuddy app, and the PDI portfolio of white label loyalty programs. "When PDI looked at ways it could support consumers in sustainable actions at the pump and in the c-store, GreenPrint rose to the top," revealed Mark Coffey, SVP and General Manager of Consumer Programs at PDI. "GreenPrint is recognized for making sustainability actions simple and effective. This creates a strong sense of consumer goodwill and loyalty that aligns powerfully with the leading loyalty programs PDI currently provides." Together with PDI, GreenPrint will continue as the sustainability partner behind reduced emissions programs for brands that include Marathon, Stop & Shop, Twice Daily, Maxol, The GIANT Company, and many others. Today, GreenPrint helps reduce emissions on over one billion gallons of fuel annually across thousands of retail locations and over 100,000 corporate and municipal fleets in 15 countries. "GreenPrint is a pioneer in purpose-driven loyalty and invented the concept of offering carbon offset gasoline at the pump as a bridge to the future and a way to build consumer loyalty," said Pete Davis, Co-Founder and CEO at GreenPrint. "Today, we are thrilled to join PDI to expand and extend our efforts." Before co-founding GreenPrint, Davis founded and led numerous other loyalty and rewards programs across the retail, hospitality, and payments sectors and is renowned as an innovator of retail and rewards technology. Davis, GreenPrint Co-Founder and President Trenton Spindler, and the GreenPrint team will join PDI as part of the acquisition, where they will remain focused on sustainability and loyalty. Berenson & Company and Citizens M&A Advisory served as financial advisors to PDI and GreenPrint, respectively, in connection with the transaction. About PDI Professional Datasolutions, Inc. (PDI) software helps businesses and brands increase sales, operate more efficiently and securely, and improve critical decision-making. Since 1983, PDI has proudly served the convenience retail and petroleum wholesale industries. Over 1,500 companies, representing more than 200,000 locations worldwide, count on PDI solutions and expertise to deliver convenience and energy to the world. About GreenPrint GreenPrint is a global environmental technology company, offering sustainability as a service with patent-protected programs that deliver environmental impact and bottom-line results. An Inc. 5000 company and a member of 1% for the Planet, GreenPrint's turnkey offerings help companies meet sustainability goals while increasing brand value and customer loyalty— making it easy for businesses to do well by doing good. GreenPrint, A Public Benefit Corporation, is on pace to offset over 30 million metric tons of carbon by 2025.

Read More

SUSTAINABILITY

Livent Begins Third-Party IRMA Assessment in Argentina, Welcomes Opportunity to Strengthen Sustainability Program

Livent Corporation | February 16, 2022

Livent Corporation announced that it has begun a voluntary, third-party assessment of its brine-based lithium extraction and manufacturing operations at the Salar del Hombre Muerto, Catamarca, Argentina. This independent assessment of the company's Fenix site is the next step in the multi-stage review against the Initiative for Responsible Mining Assurance (IRMA) Standard for Responsible Mining. The IRMA Standard is widely considered to be the most comprehensive and rigorous set of requirements for mining industries, with a multi-stakeholder approach for defining robust criteria and evaluating performance in environmental management, labor practices, human rights, health & safety and community interests. Livent began the IRMA self-assessment of its Fenix site in February of 2021, becoming the first company in Argentina to begin the process and one of the first in the global lithium industry. With the commencement of the third-party assessment, Livent is now a full member of IRMA, joining other leading companies and organizations around the world who share the objective of advancing responsible mining. We began our journey with IRMA knowing that it would be an intensive, multi-year undertaking. Despite the demanding process, our teams are excited about beginning this next stage and welcome it as an opportunity for Livent to strengthen our sustainability program, including our efforts to engage with our local communities. We fully support IRMA's mission and are confident that Livent's participation in IRMA will result in better outcomes for our company, our stakeholders in Argentina and around the world, and the lithium industry as a whole." Paul Graves, president and chief executive officer of Livent "Increasingly, the world wants to understand the impacts of raw material extraction and to better protect communities and the environment on which we all depend. The Fenix assessment provides an opportunity for Livent to encourage input, increase transparency and explore ways to improve practices at the site," said Aimee Boulanger, IRMA's Executive Director. SCS Global Services (SCS), an IRMA-approved certification body, is conducting the third-party assessment, beginning with a desk review followed by an onsite audit. The auditors will review and verify data and policies; interview site managers, employees and external stakeholders, including nearby communities; identify areas for improvement; and publicly disclose the assessment results on the IRMA website. About Livent For nearly eight decades, Livent has partnered with its customers to safely and sustainably use lithium to power the world. Livent is one of only a small number of companies with the capability, reputation, and know-how to produce high-quality finished lithium compounds that are helping meet the growing demand for lithium. The company has one of the broadest product portfolios in the industry, powering demand for green energy, modern mobility, the mobile economy, and specialized innovations, including light alloys and lubricants. Livent employs approximately 900 people throughout the world and operates manufacturing sites in the United States, England, India, China and Argentina.

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