The Sustainability Index developed by Benchmark's team of expert ESG analysts aims to inform battery and electric vehicle ('EV') manufacturers on the environmental, ethical, and sound management practices of producers in a push toward responsible and transparent production. NMG is the only company to have been qualified in the 'Industry Leading' category according to Benchmark's comprehensive examination of ESG practices, transparency, and engagement.
Arne H Frandsen, Chair of NMG, declared: 'Legislation, consumer preferences, geopolitics, and industry standards are all converging toward trusted and ESG-compliant sources of critical minerals and advanced materials. Benchmark's Sustainability Index sheds a new light on these important questions, studying the multiple facets of ESG performance. NMG's top position, with a significant advance over peers, demonstrates the commitment and depth of our sustainability promise to customers, regulators, and stakeholders. Congratulations to the team for such a recognition!'
Benchmark's Sustainability Index has qualified only one 'Industry Leading' company in the flake graphite industry:
ESG Performance and Beyond
Steered by Benchmark's team of expert ESG analysts and LCA practitioners, the ESG assessment of the natural graphite industry examines the sustainability credentials of over 60 flake graphite companies. The Sustainability Index is a composite index measuring the ESG transparency of natural graphite industry players and their commitments to best practices. Companies are assessed against 79 ESG indicators across 26 ESG topics of concern, and classified into 4 tiers: Industry Leading, Good Practice, Moderate Visibility and Limited Visibility. Among all Chinese, African, and Western flake graphite producers, NMG is the only company to have obtained the 'Industry Leading' rank.
Benchmark also released a Graphite Global LCA to calculate the environmental impacts of graphite anode material based on natural and synthetic sources, production regions and end-users markets.
In 2022, NMG published the results of an ISO-compliant life cycle assessment of the Company's planned operations demonstrating that NMG's active anode material production is among the cleanest in the world, an expected Global Warming Potential of 1.23 kg CO2 equivalent per kg, an impact up to 11 times smaller than that of benchmarked production.
These results provide a competitive advantage for NMG as potential customers seek to secure sources of low-carbon supply to reduce their Scope 3 emissions and comply with increasingly stringent environmental regulations.
In partnership with First Nations, communities, and key stakeholders, NMG strives to be a model in the development of its ore-to-battery-material operations to drive greater sustainability into its sector and the industries it serves. The Company prioritizes the wellbeing of employees, business partners, and communities as well as environmental stewardship. The Company regards diversity and robust governance as important drivers of strategy, creative thinking, and business performance.
Responsible mining practices, such as dry-stacking and co-disposal of tailings, backfilling, progressive restoration and water stewardship, greener manufacturing technologies and innovation are embedded into the Company's business model. Leveraging
Geopolitics Reinforce Responsible Sourcing of Graphite
The release of Benchmark's Graphite Sustainability Index comes as
On the same day, the
These recent political developments reaffirm the importance of establishing of a local, resilient, and ESG-compliant supply chain of graphite to support battery and EV production. NMG is targeted to become the largest natural graphite producer in
About Benchmark Mineral Intelligence
Benchmark enables the energy transition through a world-class, independent offering of lithium and critical minerals prices, battery, and EV supply chain data forecast subscriptions, advisory services, and industry-specific events. Benchmark's clients are major decision makers across critical minerals, battery materials, lithium-ion batteries, and automotive OEMs.
Benchmark is the world's only
All statements, other than statements of historical fact, contained in this press release including, but not limited to those describing the intended production of high-performing active anode material with carbon-neutral footprint, NMG's competitive advantage in relation to market trends and environmental regulations, NMG's intended ESG-centered business model, trends in legislation, consumer preferences, and industry standards, NMG's expected Global Warming Potential, NMG's intended all-electric mining operations and its collaboration with
Forward-looking statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Risk factors that could cause actual results or events to differ materially from current expectations include, among others, those risks, delays in the scheduled delivery times of the equipment, the ability of the Company to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, the availability of financing or financing on favorable terms for the Company, the dependence on commodity prices, the impact of inflation on costs, the risks of obtaining the necessary permits, the operating performance of the Company's assets and businesses, competitive factors in the graphite mining and production industry, changes in laws and regulations affecting the Company's businesses, including the changes in
Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.
The market and industry data contained in this press release is based upon information from independent industry publications, market research, analyst reports and surveys and other publicly available sources. Although the Company believes these sources to be generally reliable, market and industry data is subject to interpretation and cannot be verified with complete certainty due to limits on the availability and reliability of raw data, the voluntary nature of the data-gathering process and other limitations and uncertainties inherent in any survey. The Company has not independently verified any of the data from third-party sources referred to in this press release and accordingly, the accuracy and completeness of such data is not guaranteed.
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