Trading day running commentary, page-4620

The EU 2023 Green Passport legislation (requiring the publication of the ESG background & CO2 production rating of all metals used in EV's & batteries, & stationary storage batteries etc.) has taken another step, with the appointment of Glassdome (The US & UK have similar "green" legislation).

These ESG details are legally required to be published for all EV's & stationary batteries etc. sold in the EU (whether they are made in the EU , or outside the EU) by Feb. 2027. Ditto, Critical Minerals' mining companies, & downstream processing of their own minerals.

Western EV makers etc. hope such legislation will place their EV's etc. on a more level playing field (including cost of production), cf those EV makers (eg "dirty", high CO2, environmentally destructive China & Indonesia) who do not adopt similar ESG principles.

I assume those Chinese etc. "cheaper" makers who do not comply, for their EV's etc. sold into western markets, will have severe financial penalties imposed ( My logical conclusion- but this has not yet been legislated).

This will aid CTM, with its hydro powered, very low CO2 mining (& processing the nickel into battery precursor chemicals?).

Glassdome J. Wright 3.6.24 said

Glassdome, a leading sustainability platform for manufacturers, was selected by the Global Battery Alliance (GBA) to organize a new Digital Battery Passport pilot project. The choice was revealed in an announcement on May 21, 2024. Glassdome has formed a consortium of 13 companies, including Samsung SDI, SK IE Technology (SKIET), EcoPro, and Lotte Infracell, and will lead a pilot program designed to preemptively respond to upcoming EU Battery Directive Digital Battery Passport requirements.

The Digital Battery Passport is a system that tracks, manages, and provides access to full lifecycle and sustainability data for EV and industrial batteries over 2kWh distributed in the EU. The EU Battery Directive requires its implementation by February 2027. To comply, battery manufacturers and suppliers need to collect and manage key data like their product carbon footprint (PCF), percentage of recycled materials, and country of origin.

The Glassdome platform helps companies report their PCF using real data. Carbon compliance and global environmental regulatory reporting are often a complex, time consuming process. Glassdome makes sustainability simple for manufacturers by guiding them from data collection to monitoring to ongoing reporting...

The GBA was established at the World Economic Forum in 2017 through cooperation between battery producers, MINING (my emphases) and energy companies, and government agencies. The Digital Battery Passport initiative helps it achieve its goal of a carbon neutral battery value chain by 2050.

Glassdome selected as organizer of the Global Battery Alliance Digital Battery Passport Pilot