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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":707,"relatedVideos":708},112472819719681,"8a8fd379-fcd3-43d7-945b-f5cd51d5c4d0","Climate-risk disclosures to drive ESG reporting in lithium ion supply chain","climate-risk-disclosures-to-drive-esg-reporting-in-lithium-ion-supply-chain","article/climate-risk-disclosures-to-drive-esg-reporting-in-lithium-ion-supply-chain",{"_uid":547,"date":548,"tags":549,"editor":556,"content":566,"excerpt":688,"featured":51,"reporter":689,"_editable":693,"component":694,"seo_title":543,"categories":695,"visibility":699,"author_company":49,"featured_image":700,"seo_description":688,"author_full_name":49,"author_job_title":49,"formattedDate":705,"formattedArticleDate":706},"c5476044-79b3-4447-902b-93d83390141d","2022-04-20 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",[569,576,581,586,591,596,603,608,613,618,623,628,643,648,653,658,663,668],{"type":570,"attrs":571,"content":572},"paragraph",{"textAlign":49},[573],{"text":574,"type":575},"The demand for verifiable and comparable ESG data from investors and the growing impetus to end greenwashing is fueling the development of new disclosure standards.","text",{"type":570,"attrs":577,"content":578},{"textAlign":49},[579],{"text":580,"type":575},"Last month the International Sustainability Standards Board (ISSB), which was launched at the COP26 climate conference last November, published general sustainability-related disclosure requirements and another draft that is specific to climate-related disclosures.",{"type":570,"attrs":582,"content":583},{"textAlign":49},[584],{"text":585,"type":575},"The same month the US Securities and Exchange Commission also unveiled its Climate Disclosure proposal. If adopted, the proposal will require public companies to disclose their climate-related risks, including Scope 1,2 and 3 emissions and – importantly – will require these non-financial metrics to be included in audits.",{"type":570,"attrs":587,"content":588},{"textAlign":49},[589],{"text":590,"type":575},"Given the lack of widespread audit and assurance of ESG and sustainability data at present, they are significant moves towards more comparable ESG reporting.",{"type":570,"attrs":592,"content":593},{"textAlign":49},[594],{"text":595,"type":575},"A fair comparison of CO2 data between companies is needed, and ideally an asset to asset analysis. Benchmark’s ESG analysts found that lithium miners and converters diverge significantly when it comes to how their greenhouse gas metrics are disclosed.",{"type":597,"attrs":598,"content":600},"heading",{"level":599,"textAlign":49},4,[601],{"text":602,"type":575},"Multiple standards",{"type":570,"attrs":604,"content":605},{"textAlign":49},[606],{"text":607,"type":575},"Scope 1 refers to the direct emissions from a company or process, whereas scope 2 covers the emissions associated with electricity production. Scope 3 includes all emissions from the materials bought by the company as well as the downstream supply chain’s emissions.",{"type":570,"attrs":609,"content":610},{"textAlign":49},[611],{"text":612,"type":575},"In the lithium sector, reported data ranges from aggregated CO2 emissions to Scope characterisation. The latter usually represents Scope 1 and 2 only. Not even the gases within GHG data represent the same level of detail: some companies report only carbon dioxide emissions when reporting overall GHGs and exclude all other GHGs such as methane and nitrous oxide.",{"type":570,"attrs":614,"content":615},{"textAlign":49},[616],{"text":617,"type":575},"Out of all the lithium mining and converting companies who publish ESG or sustainability reports at present, 45% follow more than one framework or standard.",{"type":570,"attrs":619,"content":620},{"textAlign":49},[621],{"text":622,"type":575},"Harmonisation of the landscape is therefore a welcome and necessary step.",{"type":570,"attrs":624,"content":625},{"textAlign":49},[626],{"text":627,"type":575},"These developments pave the way for the growth of ESG as a tool for investors, in turn forcing focus and attention to ESG and climate-related material risks for individual companies.",{"type":570,"attrs":629,"content":630},{"textAlign":49},[631,633,641],{"text":632,"type":575},"The proposed inclusion of Scope 3 emissions by the SEC is significant considering 50% of lithium carbonate’s global warming potential (measure in CO2 equivalents) is from Scope 3 emissions, and 35% of lithium hydroxide’s emissions are from Scope 3, according to ",{"text":634,"type":575,"marks":635},"Benchmark’s Lithium ESG Report",[636],{"type":637,"attrs":638},"link",{"href":639,"uuid":49,"anchor":49,"target":49,"linktype":640},"https://www.benchmarkminerals.com/contact/","url",{"text":642,"type":575},".",{"type":570,"attrs":644,"content":645},{"textAlign":49},[646],{"text":647,"type":575},"It is important for companies to not just offset emissions but to tackle the reduction of on-site emissions first. This has been acknowledged in the SEC’s latest proposal where offsets will be required to be reported separately from total carbon emissions, i.e. not including the offsets in the total emissions reported.",{"type":570,"attrs":649,"content":650},{"textAlign":49},[651],{"text":652,"type":575},"With the introduction of mandatory climate-risk disclosures and the extension of these requirements to more companies, it’s safe to say ESG and climate-risk is set to become an increasingly unavoidable discussion for businesses and boards.",{"type":570,"attrs":654,"content":655},{"textAlign":49},[656],{"text":657,"type":575},"These developments mean more organisations across the lithium ion battery value chain will increasingly be subject to specific climate-related disclosures. It is clear that legal requirements to disclose climate-related and broader ESG information are becoming mainstream, and we’re seeing ESG turning into a must have, rather than the “nice to have” it may have been in the past.",{"type":570,"attrs":659,"content":660},{"textAlign":49},[661],{"text":662,"type":575},"Comparable ESG data and transparency is at the forefront of investment decisions, and the push from investors to boost the credibility of such disclosures is driving much of the regulatory developments.",{"type":597,"attrs":664,"content":665},{"level":599,"textAlign":49},[666],{"text":667,"type":575},"Benchmark’s ESG services",{"type":570,"attrs":669,"content":670},{"textAlign":49},[671,673,679,681,687],{"text":672,"type":575},"For more information on Benchmark ESG strategy and consultancy in the lithium ion battery supply chain, please reach out directly via ",{"text":674,"type":575,"marks":675},"esg@benchmarkminerals.com",[676],{"type":637,"attrs":677},{"href":678,"uuid":49,"anchor":49,"target":49,"linktype":640},"mailto:esg@benchmarkminerals.com",{"text":680,"type":575}," or fill in the ",{"text":682,"type":575,"marks":683},"contact form",[684],{"type":637,"attrs":685},{"href":686,"uuid":49,"anchor":49,"target":49,"linktype":640},"/contact",{"text":642,"type":575},"The demand for verifiable and comparable ESG data from investors and the growing impetus to end greenwashing is fueling the development of new disclosure standards. Last month the International Sustainability Standards Board (ISSB), which was launched at the COP26 climate conference last November, published general sustainability-related disclosure requirements and another draft that is specific to […]",[690],{"slug":558,"name":559,"content":691},{"job_title":561,"image":692,"bio":564,"linkedin":565},{"filename":563},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"c5476044-79b3-4447-902b-93d83390141d\", \"id\": \"\"}-->","article",[696],{"slug":697,"name":698},"sustainability","Sustainability","private",{"id":49,"alt":701,"name":701,"focus":701,"title":701,"source":701,"filename":702,"copyright":701,"fieldtype":703,"meta_data":704,"is_external_url":51},"","https://a.storyblok.com/f/287943243085208/6ed6827695/bm-sec-e1650384434380.jpg","asset",{"alt":701,"title":701,"source":701,"copyright":701},"Apr 20, 2022","20th April 2022",[],[],1785165570208]