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Mid-Nickel",103.5,99.73,3.78,13.78,6.78,[518,519,520,522,524,526,528,530,532,534,536,538],{"date":213,"value":512},{"date":216,"value":513},{"date":219,"value":521},99.19,{"date":222,"value":523},96.02,{"date":225,"value":525},98.23,{"date":467,"value":527},99.24,{"date":329,"value":529},101.29,{"date":339,"value":531},87.61,{"date":341,"value":533},92.44,{"date":344,"value":535},90.96,{"date":347,"value":537},92.24,{"date":350,"value":539},95.09,{"id":541,"uuid":542,"name":543,"slug":544,"full_slug":545,"content":546,"relatedArticles":698,"relatedVideos":699},112473053904573,"e2e3bc2b-bf38-4e07-86ca-d5f5616c733a","Can life cycle assessments end greenwashing in the EV supply chain?","can-life-cycle-assessments-end-greenwashing-in-the-ev-supply-chain","article/can-life-cycle-assessments-end-greenwashing-in-the-ev-supply-chain",{"_uid":547,"date":548,"tags":549,"editor":556,"content":566,"excerpt":679,"featured":50,"reporter":680,"_editable":684,"component":685,"seo_title":543,"categories":686,"visibility":690,"author_company":49,"featured_image":691,"seo_description":679,"author_full_name":49,"author_job_title":49,"formattedDate":696,"formattedArticleDate":697},"9844a70f-41ac-4042-a626-8ca64e10d957","2022-01-17 00:00",[550,553],{"slug":551,"name":552},"climate-change","Climate change",{"slug":554,"name":555},"esg","ESG",[557],{"slug":558,"name":559,"content":560},"matthew-bird","Matthew Bird",{"job_title":561,"image":562,"bio":564,"linkedin":565},"Senior Editor - Supply Chains & Data Visualisation",{"filename":563},"https://a.storyblok.com/f/287943243085208/512x512/14738033ec/matthew-bird.jpeg","Matthew writes, edits and produces content for Benchmark Intelligence and Benchmark Source across the whole mine to grid supply chain. He also acts as a liaison to the press. He has a PhD in electrochemistry from the University of Nottingham.","https://www.linkedin.com/in/birdmatthew/",{"type":567,"content":568},"doc",[569,586,591,596,601,608,613,618,623,628,633,638,643,648,653,658],{"type":570,"attrs":571,"content":572},"paragraph",{"textAlign":49},[573,576,584],{"text":574,"type":575},"Within the EV value chain ESG reporting is going from something that is  “nice to have” to a “","text",{"text":577,"type":575,"marks":578},"need to have",[579],{"type":580,"attrs":581},"link",{"href":582,"uuid":49,"anchor":49,"target":49,"linktype":583},"https://source.benchmarkminerals.com/article/the-pushes-and-pulls-of-esg","url",{"text":585,"type":575},".” However, greenwashing fears are still high: 69% of Benchmark Mineral Intelligence survey respondents said they have concerns over the validity and transparency of ESG reporting in the lithium value chain.",{"type":570,"attrs":587,"content":588},{"textAlign":49},[589],{"text":590,"type":575},"Greenwashing, which is the process of describing a product as “environmentally-friendly,”  “green,” “sustainable,” or “carbon neutral,” without evidence, is rife outside of the EV supply chain. The European Commission conducted a study that found over half of green claims made by business websites in 2021 lacked evidence to prove the claims. Didier Reynders, Commissioner for Justice, said traders were trying to “pull the wool over consumers’ eyes.”",{"type":570,"attrs":592,"content":593},{"textAlign":49},[594],{"text":595,"type":575},"One way to curb greenwashing claims is through legislation and regulation.",{"type":570,"attrs":597,"content":598},{"textAlign":49},[599],{"text":600,"type":575},"The Danish Consumer Ombudsman recently released a statement that will hopefully put an end to greenwashing for anyone marketing a product in Denmark. Key to their efforts is the introduction of increased sentencing for any wrongly made environmental claims, which is one step further than already stringent regulation on marketing. The Ombudsman’s new guidelines state that any environmental claims must be based on the results from an independently assessed Life Cycle Assessment (LCA). Independent reviews are crucial as they safeguard environmental claims made.",{"type":602,"attrs":603,"content":605},"heading",{"level":604,"textAlign":49},4,[606],{"text":607,"type":575},"What is a Life Cycle Assessment (LCA)?",{"type":570,"attrs":609,"content":610},{"textAlign":49},[611],{"text":612,"type":575},"An LCA is a scientific method to quantify and understand the environmental impact associated with a product and its process system over the entire lifecycle of the product. It can help to guide or provide values on ESG materiality issues whilst analysing several indicators such as climate change, water use impacts, human health impacts and land-use.",{"type":602,"attrs":614,"content":615},{"level":604,"textAlign":49},[616],{"text":617,"type":575},"Regulatory momentum",{"type":570,"attrs":619,"content":620},{"textAlign":49},[621],{"text":622,"type":575},"Impacting the lithium-ion battery supply chain specifically, the EC’s Battery Directive proposal sets out to introduce mandatory carbon footprint declarations on batteries entering the EU market, with potential maximum lifecycle carbon footprint thresholds in the near future. With this, the need for diligent assessment of the environmental impact of a battery, across its full lifecycle, is set to become increasingly essential.",{"type":570,"attrs":624,"content":625},{"textAlign":49},[626],{"text":627,"type":575},"EV battery supply chain players around the world are urging transparency and comparability when it comes to calculating carbon emissions and LCAs, with broadly recognised and strict methodologies to follow.",{"type":570,"attrs":629,"content":630},{"textAlign":49},[631],{"text":632,"type":575},"The EU often seems to be leading the way in introducing sustainability and industry-specific standards, with Denmark making this first move to appease the findings from the EC’s study on the vast amount of greenwashing taking place. It is worth taking note of this development as a way of foreseeing what is to come in this space.",{"type":602,"attrs":634,"content":635},{"level":604,"textAlign":49},[636],{"text":637,"type":575},"Beyond LCA",{"type":570,"attrs":639,"content":640},{"textAlign":49},[641],{"text":642,"type":575},"In the broader ESG landscape there is increased momentum to eradicate greenwashing. The development of global baseline corporate sustainability-related standards by the International Sustainability Standards Board (ISSB) is gaining attention. The Board, founded to develop IFRS Sustainability Disclosure Standards has been welcomed globally. At COP26 in November Ashley Alder, Chairman of IOSCO, cited the incoming standards as tools to “mitigate the ever-present risk of greenwashing”.",{"type":570,"attrs":644,"content":645},{"textAlign":49},[646],{"text":647,"type":575},"In an era where electric cars are being seen as the panacea for the climate crisis, more stringent regulations on preventing “unclean” companies from marketing themselves as the “green” alternative are required.",{"type":570,"attrs":649,"content":650},{"textAlign":49},[651],{"text":652,"type":575},"At Benchmark we offer bespoke company LCAs and third party verification by EV battery industry specialists. We encourage those in the supply chain to consider an LCA in order to keep ahead of the curve and ahead of upcoming regulations.",{"type":602,"attrs":654,"content":655},{"level":604,"textAlign":49},[656],{"text":657,"type":575},"Learn more about Benchmark’s LCA services",{"type":570,"attrs":659,"content":660},{"textAlign":49},[661,663,669,671,677],{"text":662,"type":575},"Please reach out to us if you would like to hear more about our LCA services and the process of completing an LCA. Either email us at ",{"text":664,"type":575,"marks":665},"esg@benchmarkminerals.com",[666],{"type":580,"attrs":667},{"href":668,"uuid":49,"anchor":49,"target":49,"linktype":583},"mailto:esg@benchmarkminerals.com",{"text":670,"type":575}," or fill in the ",{"text":672,"type":575,"marks":673},"contact form",[674],{"type":580,"attrs":675},{"href":676,"uuid":49,"anchor":49,"target":49,"linktype":583},"/contact",{"text":678,"type":575}," to register your interest and we will be in touch.","Within the EV value chain ESG reporting is going from something that is “nice to have” to a “need to have.” However, greenwashing fears are still high: 69% of Benchmark Mineral Intelligence survey respondents said they have concerns over the validity and transparency of ESG reporting in the lithium value chain. Greenwashing, which is the […]",[681],{"slug":558,"name":559,"content":682},{"job_title":561,"image":683,"bio":564,"linkedin":565},{"filename":563},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"9844a70f-41ac-4042-a626-8ca64e10d957\", \"id\": \"\"}-->","article",[687],{"slug":688,"name":689},"sustainability","Sustainability","private",{"id":49,"alt":692,"name":692,"focus":692,"title":692,"source":692,"filename":693,"copyright":692,"fieldtype":694,"meta_data":695,"is_external_url":51},"","https://a.storyblok.com/f/287943243085208/e629cb39c8/bm-coal-power-station-benchmark-lca.jpg","asset",{"alt":692,"title":692,"source":692,"copyright":692},"Jan 17, 2022","17th January 2022",[],[],1780670084574]