Our electrification plan leverages clean and renewable hydropower paired with our distinctive transformation processes, to support the production of anode material with a greenhouse gas (GHG) footprint up to 50 times smaller than that of common spherical graphite.
In addition to reducing our emissions at the source, Nouveau Monde is committed to maintaining past, present and future carbon neutrality for both direct (scope 1) and indirect emissions (scope 2) through the purchase of verified and certified carbon credits and investment in carbon sequestration projects.
In an effort to be transparent and to achieve Net Zero by 2030, Nouveau Monde calculates and discloses its GHG emissions and offsets annually.
Our historical emissions are detailed in the table below. They represent emissions associated with the combustion of hydrocarbons and our industrial processes (scope 1), the use of hydroelectricity for all of our sites (scope 2) and emissions associated with the internal transportation of goods, the direct emissions of our subcontractors for our projects construction, exploration activities and business travel of our employees.
To offset its 2021 emissions, Nouveau Monde has purchased 1,600 credits from the Abatolamby Project in Madagascar (Verra Registry), a solar energy conversion project. These credits are certified under the Verified Carbon Standard, one of the most rigorous protocols in the world.
To offset its historical emissions from its inception in 2012 to 2020, Nouveau Monde has purchased 2,151 verified emission reduction credits from certified Québec projects that meet leading offset practices.