- Its targets are to achieve carbon neutrality in core operations by 2025 and across its entire value chain by 2035.
- CATL said it hoped to be able to leverage CREDIT to promote awareness of sustainability in the industry.
Battery and energy storage solutions manufacturer Contemporary Amperex Technology Limited (CATL) has committed to a carbon neutrality plan, identifying five ‘key links’ in its value chain to implement emissions reduction measures. That will be no small task, considering the Chinese company sold 289GWh of batteries worldwide in 2022 – mostly into the electric vehicle (EV) sector – and will be manufacturing more than double that amount annually by 2025.
Indeed, given the relative difference in market size, CATL’s share of the stationary storage market by sales volume was 43.4%, versus an EV market share of 37% globally, according to figures from SNE Research. CATL secretary of the board Jiang Li presented the plan this week at the Auto Shanghai trade event in China, claiming it to be the biggest scale carbon neutrality plan in the lithium-ion battery industry to date.
CATL has identified what it described as five key links in its value chain where it will make emissions reductions:
- Mining
- Bulk raw materials
- Battery materials
- Cell manufacturing
- Battery systems
It has also implemented a transparency audit programme, called CREDIT, for its supply chain. That includes reporting of metrics like business code of ethics, environmental protections, labour practice and responsible procurement. CATL said it hoped to be able to leverage CREDIT to promote awareness of sustainability in the industry.