Lithium Australia strengthens ESG strategy with admission to Global Battery Alliance

Lithium Australia NL (ASX:LIT) (OTCMKTS:LMMFF) (FRA:3MW) has been admitted to the Global Battery Alliance (GBA), which aims to accelerate the deployment of batteries worldwide and lower barriers to a circular battery economy – including the recycling of end-of-life batteries.

The GBA brings together leading entities involved in the battery value chain, including manufacturers, governments, international organisations, NGOs and academics, all of them committed to actively reshaping the battery value chain and empowering sustainable development.

Membership of the GBA will assist Lithium Australia in achieving its own ESG objectives, which are designed to ensure an ethical and sustainable supply of energy metals to the battery industry.

Testament to ESG values

Speaking to the admission, managing director Adrian Griffin said: “This is testament to the ESG values upon which it has built its business model.

“Both the company and the GBA have a core objective: that of creating an ethical, sustainable and circular battery economy.

“Envirostream Australia Pty Ltd, a 90% company-owned subsidiary, is Australia’s only mixed-battery recycler and will benefit directly from the membership of the GBA through harmonisation of transboundary regulations and access to experts and major industry participants in battery recycling globally.

“VSPC Ltd, also a 100% company-owned subsidiary, is a producer of advanced cathode powders for lithium-ion batteries and will benefit from the efforts of the GBA and its members in this area.”

Membership to benefit overarching aim

Admission to the GBA as a start-up member, allows Lithium Australia to participate in GBA meetings and engage in specific GBA workstreams.

This will directly benefit the company’s advancement towards its stated aim: that is, the vertical integration of lithium extraction, production of battery materials and the recycling of end-of-life batteries; in particular, spent lithium-ion batteries.

Story by ProactiveInvestors