Investing in Circulor: the Future of Industrial Supply Chain Traceability

Managing ESG for Supply Chains

  1. The increasing pressure on manufacturers and recyclers to account for their ESG impact
    Regulatory, financial and consumer pressure is amplifying reputational risks and the need to account for ESG data across a company’s supply chain. New regulation in Europe, like the EU’s Battery Passport Directive, requires companies to report on the ESG provenance and impact of battery metals. Global companies, representing $6 trillion of revenue, have made net-zero commitments and need to capture more accurate information on the GHG emissions in their supply chain. The EU has introduced regulation that requires ESG disclosures from financial institutions, and in the US, the SEC is expected to follow suit, requiring banks to report on how risky their investments are from a sustainability standpoint.
  2. The growing demand for metals to power electric vehicles (and other clean energy technologies)
    Bloomberg estimates that EV sales will increase from 1.7M in 2020 to 26M by 2030. The primary metals in electric vehicles are cobalt, nickel, copper, and lithium, and demand for these metals will increase to >4M metric tons by 2030. Cobalt and lithium, among other raw materials, have been associated with human rights and environmental issues. Intermediate suppliers and industrial brands need these materials but are coming under pressure to ensure they are more sustainably produced. Circulor has established itself as the leading provider of traceability for lithium, cobalt, nickel, copper, and more, offering the only solution for automotive companies to get full visibility into their EV supply chains for responsible sourcing, in-life, and end-of-life recycling. Their solution also extends to metals in other clean energy technologies, like wind turbines and transmission lines, where companies increasingly need to demonstrate that their sustainable products are ‘clean.’
  3. The accelerated digitization of supply chains
    The COVID-19 pandemic revealed weaknesses in corporate supply chain management. This has become more evident with the continued delay of goods and supplies over the last several months. Companies are urgently focused on accelerating the digitization of their supply chains to improve performance.

Circulor’s Solution

The Westly Group Invests in Circulor

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