Circular Rubber Technologies
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Renewable Energy Share:100% (Red Deer facility)
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- 300kg CO2e savings per tonne of used material compared to virgin natural rubber
- 100% renewable energy use in Red Deer facility
- Waste management and recycling program in place for Red Deer facility
Social Achievements
- Health insurance implemented for all eligible employees
- 100% response rate for first employee satisfaction survey
- Established partnership with the City of Red Deer to support local initiatives for economic growth
Governance Achievements
- Employee Handbook completed including all employee policies, including Diversity, Equity, and Inclusion policy
- Code of Conduct and Whistleblower Policy approved by the Board of Directors
- Achieved B Corp Certification
Climate Goals & Targets
Long-term Goals:
- Expand global operations by 2030
Medium-term Goals:
- Switch to full renewable energy @ Red Deer facility
- Develop Carbon Credit strategy
Short-term Goals:
- Roll out employee handbook & performance management process
- Roll out training & development plan for all employees
Environmental Challenges
- Low percentage of EoL tires currently recycled via devulcanization (<1%)
Mitigation Strategies
- Developing a carbon credit strategy
- Actively working on expanding customer base and customer segments
- Initiating pilot projects and trials with customers
Supply Chain Management
Responsible Procurement
- Long term feedstock supply agreement with Liberty Tire
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: B Corp
Sustainable Products & Innovation
- Devulcanized natural rubber product
Awards & Recognition
- B Corp Certification