According to the company’s website news release on January 26, 2023, Glencore is proud to be part of the world’s first battery passport proof of concept launched by the Global Battery Alliance .
We spearheaded the first pilot passport leveraging the ReSource platform in collaboration with Glencore’s Kamoto Copper Company SA, LG Energy Solution and Tesla.
As the world seeks to address climate change, minerals are set to play a pivotal role in decarbonising energy consumption and mobility.
At the same time, society’s expectations with respect to environmental and social performance of companies continue to increase.
The ESG performance of mineral production as well as battery and vehicle manufacturing must be clearly communicated to our customers and other key stakeholders.
Traceability is key to this. It has always been possible to track mineral units back to origin and gather ESG information at each step, for example through chain of custody approaches.
New technologies offer us an unprecedented ability for traceability in the supply chain. We support the development of this through being one of the founders of the ReSource consortium – an end-to-end collaboration between major cobalt industry players working in the DRC to deploy various technologies, including blockchain, to link digital flows with physical material flows on the ground while allowing the protection of commercially sensitive relationships.
The GBA’s Battery Passport provides the framework for a standardized approach to collecting and reporting on ESG data specific to each battery. To be credible and effective, we need a shared understanding of what needs to be reported and how. This can only be done through partnerships with stakeholders across the industry and ultimately the end consumer. As a GBA member and participant in the Battery Passport pilot, we are proud to have contributed to multi-stakeholder process to develop the proof of concept launched at Davos, 2023.
For further information please contact:
Investors
Martin Fewings
t: +41 41 709 28 80
m: +41 79 737 56 42
Media
Charles Watenphul
t: +41 41 709 24 62
m: +41 79 904 33 20
charles.watenphul@glencore.com
Glencore LEI: 2138002658CPO9NBH955
Notes for Editors
Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 responsibly-sourced commodities that advance everyday life. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that enable decarbonisation while meeting the energy needs of today.
Glencore companies employ around 135,000 people, including contractors. With a strong footprint in over 35 countries in both established and emerging regions for natural resources, our marketing and industrial activities are supported by a global network of more than 40 offices.
Glencore's customers are industrial consumers, such as those in the automotive, steel, power generation, battery manufacturing and oil sectors. We also provide financing, logistics and other services to producers and consumers of commodities.
Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the International Council on Mining and Metals. We are an active participant in the Extractive Industries Transparency Initiative.
Glencore recognises our responsibility to contribute to the global effort to achieve the goals of the Paris Agreement. Our ambition is to be a net zero total emissions company by 2050. In August 2021, we increased our medium-term emission reduction target to a 50% reduction by 2035 on 2019 levels and introduced a new short-term target of a 15% reduction by 2026 on 2019 levels.
Disclaimer
The companies in which Glencore plc directly and indirectly has an interest are separate and distinct legal entities. In this document, “Glencore”, “Glencore group” and “Group” are used for convenience only where references are made to Glencore plc and its subsidiaries in general. These collective expressions are used for ease of reference only and do not imply any other relationship between the companies. Likewise, the words “we”, “us” and “our” are also used to refer collectively to members of the Group or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies.
