Li-Cycle Holdings Corp., an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America, has announced it has joined the United Nations Global Compact (“UNGC”) initiative, a voluntary leadership platform for the development, implementation and disclosure of responsible business practices.
Li-Cycle is proud to join thousands of other companies worldwide committed to aligning their operations and strategies with the UNGC’s Ten Principles in the areas of human rights, labour, environment, and anti-corruption, and to take action in support of the United Nations’ Sustainable Development Goals (SDGs). The Company’s participation in the UNGC is a formal expression of Li-Cycle’s commitment to uphold the highest standards relating to these principles. Aligned with Li-Cycle’s Environment, Social, and Governance (ESG) strategy, the Company aims to make a meaningful and positive impact on the SDGs through its comprehensive approach to sustainability and responsible business practices.
“I am proud to announce Li-Cycle’s commitment to join the UNGC, which reflects our adherence to the highest sustainability standards for our ESG strategy and roadmap,” said Ajay Kochhar, Li-Cycle’s CEO and co-founder. “Joining the UNGC further demonstrates Li-Cycle’s unwavering commitment to operating as a responsible and sustainable global clean technology company. Through our active participation in this initiative, Li-Cycle aims to contribute to the collective efforts in creating a more inclusive, ethical, and cleaner world. Together with other like-minded organizations, we can drive positive change and make a lasting impact.”
Li-Cycle’s patented Spoke & Hub Technologies™ enables a safe and environmentally friendly way to recycle lithium-ion batteries and recover critical battery-grade materials. The attributes of the Company’s process include an efficient environmental footprint, minimal direct greenhouse gas emissions, and minimal wastewater discharge. Li-Cycle has been recognized for its impact in building a more sustainable battery materials supply chain and accelerating the movement towards decarbonization. In line with the Ten Principles, Li-Cycle supports human rights, protect its workers and communities, and ensures that its operations adhere to the highest ethical and safety standards.
Launched in 2000, the UNGC is the largest corporate sustainability initiative in the world, with more than 15,000 companies and 3,000 non-business signatories based in over 160 countries, and more than 70 Local Networks. For more information about this initiative, please visit the Company’s profile on the UNGC website and learn more about how Li-Cycle is making a positive impact on the global business environment by promoting sustainability and ethics.