Category: Business

BusinessSustainability

SKF Achieves Top CDP Climate Ratings, Demonstrating Value Chain Leadership

SKF has secured top ‘A’ ratings in both CDP’s Supplier Engagement Assessment and Climate categories, ranking among the top 2% of companies globally. The recognition highlights SKF’s comprehensive approach to decarbonization across its entire value chain and supplier network.

SKF has demonstrated exceptional climate leadership by achieving dual ‘A’ ratings from CDP in both the Supplier Engagement Assessment and Climate categories for 2024. This prestigious recognition places the bearing and lubrication systems manufacturer among the elite 2% of companies worldwide for environmental transparency and action. The company’s performance underscores its commitment to driving meaningful climate progress throughout its operations and value chain, according to recent analysis of corporate sustainability performance.

SKF’s Comprehensive Climate Strategy Excellence

by Elisa Romero
BusinessEnergy

Vulcan Energy Signs Major Lithium Supply Deal with Glencore for European Project

Vulcan Energy has secured a significant lithium hydroxide supply agreement with mining giant Glencore for its Lionheart Project in Europe. The eight-year deal represents approximately 20% of Vulcan’s planned Phase One output and marks the final offtake agreement for project financing. This partnership strengthens Europe’s position in the global electric vehicle supply chain.

Australian lithium developer Vulcan Energy has signed a strategic supply agreement with global mining giant Glencore to provide lithium hydroxide monohydrate from its European operations, marking a significant advancement in the continent’s electric vehicle battery supply chain. The eight-year deal represents approximately 20% of Vulcan’s planned Phase One production capacity and solidifies the company’s position as a key player in Europe’s green energy transition.

Strategic Partnership Details and Volume Commitments

by Elisa Romero