Essilor named number five in Newsweek's Green Rankings
The world's leading producer of ophthalmic lenses, Essilor, has been awarded the number five spot in Newsweek's 2016 Green Rankings.
Newsweek assesses the 500 largest publically-traded companies in the world, and gives them an environmental ranking.
Essilor's footprint is increasingly diverse, with 540 production sites across five continents, and 61,000 employees in 63 countries. The company has raised the bar for sustainability in the wake of its massive recent growth.
Jayanth Bhuvaraghan, Chief Mission Officer at Essilor International, said: “For nearly 170 years, Essilor has demonstrated that a commitment to sustainable development is part of our DNA. We are honored to be recognised by the Newsweek Green Rankings for our accomplishments. These clearly support what we believe to be our fundamental contribution to achieving the UN’s Sustainable Development Goals, namely our mission to improve lives by improving sight.”
Essilor is dedicated to continuous improvement, contributing at its own level to the main drivers of the company’s sustainable and responsible development: reducing water and energy consumption; innovating; promoting diversity; ensuring quality working conditions; and connecting suppliers and customers to its mission. The company has reduced water consumption by 40 percent and energy consumption by 22 percent in its mass production plants over the last seven years.
In 2015, the company was ranked - for the fourth consecutive year - among the Global 100 Most Sustainable Corporations in the World (Global 100) Index by Corporate Knights. US magazine Forbes also ranked Essilor amongst the World’s Most Innovative Companies for the fifth year running. Lastly, Essilor was selected as one of 50 companies that are changing the world in the first edition of Fortune magazine’s 'Change the World' list.
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Ultium Cells LLC/Li-Cycle: Sustainable Battery Manufacturing
Ultium Cells LLC - a joint venture between General Motors and LG Energy Solutions - has announced its latest collaboration with Li-Cycle. Joining forces the two have set ambitions to expand recycling in North America, recycling up to 100% of the scrap materials in battery cell manufacturing
What is Ultium Cells LLC?
Announcing their partnership in December 2019, General Motors (GM) and LG Energy Solutions established Ultium Cells LLC with a mission to “ensure excellence of Battery Cell Manufacturing through implementation of best practices from each company to contribute [to the] expansion of a Zero Emission propulsion on a global scale.”
Who is Li-Cycle?
Founded in 2016, Li-Cycle leverages innovative solutions to address emerging and urgent challenges around the world.
As the use of Lithium-ion rechargeable batteries in automotive, industrial energy storage, and consumer electronic applications rises, Li-Cycle believes that “the world needs improved technology and supply chain innovations to better recycle these batteries, while also meeting the rapidly growing demand for critical and scarce battery-grade materials.”
Why are Ultium Cells LLC and Li-Cycle join forces?
By joining forces to expand the recycling of scrap materials in battery cell manufacturing in North America, the new recycling process will allow Ultium Cells LLC to recycle cobalt, nickel, lithium, graphite, copper, manganese and aluminum.
“95% of these materials can be used in the production of new batteries or for adjacent industries,” says GM, who explains that the new hydrometallurgical process emits 30% less greenhouse gases (GHGs) than traditional processes, minimising the environmental impact. Use of this process will begin later in the year (2021).
"Our combined efforts with Ultium Cells will be instrumental in redirecting battery manufacturing scrap from landfills and returning a substantial amount of valuable battery-grade materials back into the battery supply chain. This partnership is a critical step forward in advancing our proven lithium-ion resource recovery technology as a more sustainable alternative to mining, " said Ajay Kochhar, President, CEO and co-founder of Li-Cycle.
"GM's zero-waste initiative aims to divert more than 90% of its manufacturing waste from landfills and incineration globally by 2025. Now, we're going to work closely with Ultium Cells and Li-Cycle to help the industry get even better use out of the materials,” added Ken Morris, Vice President of Electric and Autonomous Vehicles, GM.
Since 2013, GM has recycled or reused 100% of the battery packs it has received from customers, with most current GM EVs repaired with refurbished packs.
"We strive to make more with less waste and energy expended. This is a crucial step in improving the sustainability of our components and manufacturing processes,” concluded Thomas Gallagher, Chief Operating Officer, Ultium Cells LLC.