A crucial part of our new energy transition is the usage of batteries to store energy, either as backup power for when the grid goes down or to reduce energy costs, to stabilize the grid or in EV’s. This transition will involve trade-offs and by adhering to ESG principles companies can make sure their governance covers factors that make sure that the net result of this transition is positive from the environment and social angles.
Many battery manufacturing companies claim their batteries will be good for the environment, however they fail many of the ESG markers.
One way to ensure batteries or indeed any other product will be good for the environment overall is to make sure that all parts of a products life from a cradle to grave or life cycle assessment perspective are taken into account.
This includes taking into account;
- Raw Material Extraction
- Manufacturing
- Internal and external production processes
- Transportation
- Life usage
- End-of-Life disposal
- System Boundary to ensure all relevant stages of the lifecycle are included
