Sustainability at Vulcan

For a better tomorrow Sustainability.

Vulcan is on the Sustainalytics’ 2024 Top-Rated ESG Companies List. Sustainalytics’ ESG Risk Ratings covers more than 14,000 companies across 42 industries and identifies the top companies in their industry. See details below.

At Vulcan we enable a Net zero carbon future.

Sustainability is the cornerstone upon which Vulcan was founded and we are committed to being a leader in Environmental, Social and Governance (ESG) initiatives and reporting. Proudly disruptive, Vulcan’s diverse team comes from all over the globe, united by a passion for environmentalism and science. We aim to help decarbonise the electric vehicle industry and below are just some of the things we are proud to share with you.

Vulcan is a true ESG Champion.  

Vulcan is on the Sustainalytics’ 2024 Top-Rated ESG Companies List! Sustainalytics’ ESG Risk Ratings covers more than 14,000 companies across 42 industries and identifies the top companies in their industry.

Another step as we move towards securing a domestic, European supply chain for lithium and providing affordable, baseload renewable energy for local communities.

World-leading Environmental metrics.

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Conventional methods for lithium extraction are a burden on the environment. Depending on the process, the CO₂ footprint and water consumption are immense. The large amount of land required is also a burden on the environment and raises social issues in the mining countries.

Unlike conventional lithium mining, Vulcan’s ZERO CARBON LITHIUM™ Project aims to not burn fossil fuels in the lithium production and processing exercise and is environmentally and socially responsible due to very low water consumption and land use.

Vulcan empowers a Sustainable tomorrow.

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We are driven by The Vulcan Compass.

The Vulcan Compass guides our sustainable decision making – binding our purpose, mission, strategy, and values together. The Vulcan Compass incorporates our 3 sustainability themes: Quality of Life – improving the quality of life for people, land, and sea Balance – maximising shareholder returns without compromising the needs of future generations Positive disruption – sustainable innovation and excellence in execution
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Vulcan is committed to Sustainable materiality.

In line with international good practice, we completed a materiality assessment in 2022 which focused on identifying the issue that has the biggest impact on our business, communities, and the environment. The materiality assessment process was conducted in accordance with GRI Standards and involved reviewing global industry trends, benchmarking peers and leaders, as well as several interviews with our key external and internal stakeholders. 17 material topics were identified, with climate change and energy, environmental impact, community engagement, and governance scoring highest for importance to both stakeholders and Vulcan. We will continue to utilise feedback from materiality assessments, prioritise what we focus and report on, and see our Vulcan Compass as helping our strategy for sustainable success.

We are all in agreement that Sustainability is our purpose.

We believe that our purpose, to empower a carbon neutral future, clearly and succinctly represents Vulcan’s identity. It showcases why we exist, what problems we are working to solve and what we aspire to do. Our mission is how we will help, we are aiming to become Europe’s leading ZERO CARBON LITHIUM™ Business while also enabling energy security through geothermal energy and heat production.

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What do we mean by “Zero Carbon”?

Vulcan uses ‘zero carbon’ in its trademark to refer to the climate change impact of the lithium hydroxide monohydrate (LHM) product extraction and processing. Vulcan is currently expecting zero burning of fossil fuels in its process to produce LHM once fully operational. Since 2020, Vulcan has commissioned Minviro to undertake a series of International Organisation for Standardisation (ISO) compliant Life Cycle Assessments (LCAs). These are cradle-to-gate studies which include the extraction of the raw lithium product, the geothermal plant, the brine handling, the purification, electrolysis and crystallisation, and the transport of the product from well sites through to the final processing plant. The LCA does not include emissions associated with construction of the ZERO CARBON LITHIUM™ production plant, or the Vulcan Group’s corporate office emissions.

The latest update of the LCA, undertaken in 2024, found that Vulcan’s integrated renewable energy and ZERO CARBON LITHIUM™ Project has an overall net climate change impact contribution of –2.0 kg CO₂ eq. per kg LiOH.H₂O. This included the estimated emissions from lithium production and transport including import of energy from the grid, and estimated emissions avoided due to export of geothermal electricity and heat into the grid and district heating respectively. For full information on the LCA calculation, please see the 2023 Sustainability Report. The Company is committed to continuing to update the LCA and any associated messaging as the project moves into execution and construction.

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“The Vulcan team’s enthusiasm for making a global impact through decarbonisation across borders makes my role incredibly fulfilling”.

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Dr. Norbert Pralle
Vice President Innovation and Public Affairs

Join our OneVulcan culture Vulcan Values. 

We know our purpose and will make this a fun journey and one to be proud of!

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Climate champion

WE will pioneer a carbon-free future. WE stand up for what truly matters.
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Determined

WE are hungry for success and determined to shape tomorrow. WE tackle any challenge in front of us.
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Inspiring

WE are united in our passion for a better world. WE rise and inspire ourselves and others.

Third party "green" validated Environmental and Social Impact Assessment (ESIA).

The Environmental and Social Impact Assessment (ESIA) is a prerequisite to the raising of sustainable or “green” debt finance and is an important third-party validation of the Project’s sustainability credentials. Vulcan’s ESIA for Phase One of the ZERO CARBON LITHIUM™ Project has been successfully completed.

Downloads.

Vulcan uses prospective life cycle assessments (LCA) as part of our geothermal lithium process development in oder to reduce environmental impacts of our process for making lithium hydroxide monohydrate (LiOH•H2O) before capital expenditures are incurred. This allows us to quantify our environmental impacts, understand drivers of our impacts, and make decisions about our supply chains an energy use to minimise those impacts.

Please click on the button below to access our LCA announcement

LCA Announcement (PDF)

Please click the link below to access Vulcan’s latest communication on progress

United Nations Global Compact

Please click the link below to access Vulcans 2022 Taskforce for Climate Related Financial Disclosures (TCFD) Report

31 Dec 22 Tcfd Report (PDF)

Please click the link below to access our Sustainability and ESG Framework presentation
Sustainability & ESG Framework (PDF)

Please click the link below to access Sustainalytics latest ESG risk rating for Vulcan
Sustainalytics ESG Risk Rating

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