Ascend Elements, a Massachusetts-based battery materials company, has committed to setting ambitious emissions reduction targets in line with climate science and the Paris Agreement goals. The company’s commitment has been recognized by the Science Based Targets Initiative (SBTi), marking the first step in Ascend Elements’ decarbonization journey with the organization.
Science-based targets provide companies and financial institutions with clear guidance on the extent and speed of greenhouse gas (GHG) emissions reductions required to prevent the worst effects of climate change. Ascend Elements is currently developing science-based targets for review and validation by SBTi’s technical experts.
“We’re working to make EV battery materials more sustainable, which helps EV OEMs accelerate their net zero goals,” said CEO Mike O’Kronley of Ascend Elements. “At the same time, we’re taking aggressive steps to achieve net zero in our own operations. Part of that involves setting science-based net zero targets that exceed the minimum requirements. The latest climate science sends a clear warning that we must dramatically curb temperature rise now to avoid catastrophic impacts for our children and grandchildren.”
By committing to set a science-based net-zero target aligned with SBTi requirements, Ascend Elements also joins the United Nations’ Race to Zero campaign.
SBTi is a leading corporate climate action organization dedicated to enabling companies and financial institutions to combat the climate crisis. The organization develops standards, tools, and guidance to help companies set GHG emissions reduction targets aligned with the Paris Agreement, aiming to keep global warming below catastrophic levels and achieve net-zero emissions by 2050. SBTi is a registered charity with partners including CDP, the United Nations Global Compact, the We Mean Business Coalition, the World Resources Institute (WRI), and the WWF.
Based in Westborough, Massachusetts, Ascend Elements is a leader in sustainable, closed-loop battery material solutions. From EV battery recycling to commercial-scale production of lithium carbonate, NMC precursor (pCAM), and cathode active materials (CAM), Ascend Elements is revolutionizing the production of sustainable lithium-ion battery materials. Its Hydro-to-Cathode® direct precursor synthesis technology enables the efficient production of new CAM from spent lithium-ion cells, surpassing traditional methods in terms of economics and GHG emissions reduction. By minimizing battery waste and employing a cleaner manufacturing process, Ascend Elements is elevating the lithium-ion battery industry to a higher level of sustainability.
