BlackEarth continues to enhance its ESG credentials with a strategic partnership to measure and manage its supply chain visibility across its Maniry graphite project operations.
The company will use Circulor’s system to allow comprehensive data collection and ensure complete and thorough traceability that will position it as a global supplier of choice for graphite into the electric vehicle industry.
BlackEarth Minerals (ASX:BEM) added that its work with Circulor is a world-first in establishing best practices at the setup, commissioning and operation of a graphite concentrate mine.
It follows the company receiving a BB rating for both its corporate activities and its Maniry graphite project in southern Madagascar from Digbee ESG, which is renowned for being ruthlessly independent and green-leaning.
“We’re delighted to enter an agreement with Circulor and believe the systems we will establish with them will add enormous value to our business and practices,” managing director Tom Revy said.
“Whole of business traceability is an important part of our commitment to ESG principles and we believe the work we are about to commence with Circulor will set world standards in the establishment and all activity related to graphite mine operations.
“Our partnership with Circulor will help us deliver on our commitment to not only supply chain transparency but also will demonstrate our complete commitment to world best practices in risk and environmental management.
“It is our intention to also actively monitor and manage our contribution towards achieving a low carbon operation.”
Circulor – a provider of solutions for companies looking to gain visibility into their supply chains and demonstrate responsible sourcing – said that BlackEarth joining its platform strengthened its network of battery raw material suppliers and customers, bringing the industry’s goal of greater sustainability closer within reach.
Benefits
BlackEarth will benefit from full visibility of its supply chain, tracking of its Scope 1, 2 and 3 emissions, and regulatory compliance.
This will enable it to make data-driven decisions, benefit from ‘green’ premium pricing and deliver on its ESG commitments.
Using Circulor’s system will ultimately allow the company to provide customers with a live traceability service.
This is important as the World Economic Forum recently identified 10 actions to develop a circular battery value chain, accelerate sustainable business and technology development, and improve responsibility in the value chain.
One such action is “to ensure consistent performance and transparency based on established sustainability norms and principles along the value chain to improve the social, environmental and economic performance of batteries”.
This article was developed in collaboration with BlackEarth Minerals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.