Climate Change Data

Environmental Metrics

ESG Focus Areas

• Health and Safety
• Climate Change
• Emissions
• Waste Management
• Employee Wellness
• Diversity and Inclusion
• Community Engagement
• Good Governance
• Data Privacy & Cybersecurity

Environmental Achievements

• Spoke & Hub Technologies™ achieve up to 95% recycling efficiency rate, avoiding meaningful solid waste streams to landfill, wastewater discharge and direct air emissions.
• Hydrometallurgical process produces minimal wastewater discharge.
• Compared with traditional mining and refining, Li-Cycle’s process can reduce CO2 emissions by up to 67%, NOx emissions by up to 89%, SOx emissions by up to 86%, and water usage by up to 97%.

Social Achievements

• No fatalities, critical safety incidents or material compliance fines since operations commenced.
• Comprehensive Employee Wellness Plans offered to employees.
• Developing a comprehensive DEI strategy.

Governance Achievements

• Established a new management-level ESG Committee in March 2022.
• Completed a comprehensive materiality assessment in 2022.
• Adherence to Corporate Governance Guidelines and a Code of Business Conduct and Ethics.

Climate Goals & Targets

Environmental Challenges

• Managing thermal runway risks associated with lithium-ion batteries.
• Developing a Climate Strategy and achieving alignment with TCFD recommendations by 2025.
• Maturing policies and management systems in areas of social performance (employee wellness, diversity and inclusion, and community engagement).

Mitigation Strategies

• Comprehensive program mitigating thermal runway risks through Spoke and warehouse design, hazard identification exercises, safety measures, and training.
• Undertaking a TCFD readiness assessment and climate change scenario analysis.
• Developing a comprehensive DEI strategy and framework for community engagement.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: SASB Standards, TCFD

Certifications: ISO 14001, ISO 45001, ISO 9001, R2, R2v3

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Spoke & Hub Technologies™

Awards & Recognition

• Fortune magazine’s Change the World list (2022)
• Global CleanTech 100 Graduate of the Year (2022)
• Corporate Knights Future 50 (2022)
• Fast Company’s “Next Big Things in Tech” (2021)
• BIG Innovation Award (2021)
• S&P Platts GMA Industry Leadership Award (2022)
• Green Car Journal’s 2023 Green Car Technology of the Year

Environmental Metrics

ESG Focus Areas

• Health and Safety
• Environmental Stewardship
• Climate Change
• Community Engagement
• Good Governance

Environmental Achievements

• Enhanced robust, integrated, ISO-aligned health, safety, environmental, and quality management system for global implementation.
• Joined the United Nations Global Compact (UNGC) initiative.
• Conducted a comprehensive enterprise-wide assessment to evaluate the risks and opportunities associated with climate change.
• Updated Vision, Mission, and Values to better articulate commitment to safe and sustainable practices.
• Expanded responsible battery recycling services to global customers.
• Strengthened data tracking and reporting capabilities to include enhanced monitoring of environmental, social, and governance metrics.

Social Achievements

• Implemented a Human Rights Policy.
• Initiated a review and improvements in Diversity, Equity, and Inclusion (DEI) programs.
• Expanded community engagement and charitable contributions across North American and European operational centers.
• Launched the Blue Shift initiative for safety improvements.

Governance Achievements

• Established a formal Enterprise Risk Management (ERM) framework.
• Integrated ESG team into the broader Health, Safety, Environment, and Sustainability (HSES) department.
• Appointed a Vice President of HSES.
• Approved the Company’s Human Rights Policy.
• Achieved Board gender diversity target of 30%.

Climate Goals & Targets

Environmental Challenges

• Construction pause of the Rochester Hub.
• Climate change related risks (regulatory changes, carbon pricing, extreme weather events, water stress).
• Supply chain disruptions.

Mitigation Strategies

• Comprehensive business review.
• Risk-based approach to sustainability decision-making.
• Proactive measures to address climate change risks and opportunities (TCFD alignment).
• Continuous improvement initiatives.
• Local support systems for stakeholder engagement and communications.

Supply Chain Management

Responsible Procurement

• Know Your Vendor screening process.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Water stress
• Physical damage from extreme weather

Transition Risks

• Changing regulatory requirements
• Carbon pricing
• Market shifts

Opportunities

• Higher demand for critical minerals
• Market premium for low-emissions, recycled critical minerals
• EV battery recycling and critical mineral recovery

Reporting Standards

Frameworks Used: SASB Standards for Waste Management: 2023, UNGC Guiding Principles and Sustainable Development Goals, TCFD principles

Certifications: ISO 14001:2018, ISO 45001:2018, ISO 9001:2015

UN Sustainable Development Goals

• Environmental stewardship
• Health and safety

Commitment to make a positive contribution to the United Nations Sustainable Development Goals (SDGs).

Awards & Recognition

• BNFE Pioneers Award
• Corporate Knights’ Fastest Growing Cleantech and Sustainable Company
• MIT Technology Review’s Battery 50