Li-Cycle joins United Nations Global Compact

Lithium-ion battery recycler Li-Cycle Holdings Corp., Toronto, has joined the United Nations Global Compact (UNGC) initiative, a voluntary leadership platform for the development, implementation and disclosure of responsible business practices.

Li-Cycle says it is proud to join thousands of other companies worldwide committed to aligning their operations and strategies with the UNGC’s Ten Principles in the areas of human rights, labor, environment and anticorruption, and to take action in support of the United Nations’ Sustainable Development Goals (SDGs).

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The company adds that its participation in the UNGC is a formal expression of its commitment to uphold the highest standards relating to these principles. Aligned with Li-Cycle’s environment, social and governance (ESG) strategy, the company says it aims to make a meaningful and positive impact on the SDGs through its comprehensive approach to sustainability and responsible business practices.

“I am proud to announce Li-Cycle’s commitment to join the UNGC, which reflects our adherence to the highest sustainability standards for our ESG strategy and roadmap,” Li-Cycle co-founder and CEO Ajay Kochhar says. “Joining the UNGC further demonstrates Li-Cycle’s unwavering commitment to operating as a responsible and sustainable global clean technology company. Through our active participation in this initiative, Li-Cycle aims to contribute to the collective efforts in creating a more inclusive, ethical and cleaner world. Together with other like-minded organizations, we can drive positive change and make a lasting impact.”

According to Li-Cycle, its patented Spoke & Hub Technologies enables a safe and environmentally friendly way to recycle lithium-ion batteries and recover critical battery-grade materials. The company’s process includes an efficient environmental footprint, minimal direct greenhouse gas emissions and minimal wastewater discharge. In line with the UNGC’s Ten Principles, Li-Cycle says it supports human rights, protects its workers and communities and ensures its operations adhere to the highest ethical and safety standards.

Launched in 2000, the UNGC is the largest corporate sustainability initiative in the world, with more than 15,000 companies and 3,000 nonbusiness signatories based in over 160 countries and more than 70 local networks.