The Global Battery Alliance (GBA) is a public-private collaboration of over 70 organizations. As an active partner of the Alliance, SK Tes is supporting the GBA’s vision to establish a sustainable battery value chain.
Why is the Global Battery Alliance Required?
If we seize the opportunity presented by technological advancements in the production, use, and reuse of batteries, by 2030 this could provide 30% of the CO2 reductions required to meet the Paris Agreement’s goals on transport and power. These sectors are currently responsible for 40% of all greenhouse gas emissions.
This challenge requires scaling up the battery supply chain, with the concerted effort of governments, businesses, and NGOs, brought together by the World Economic Forum’s Global Battery Alliance.
The Opportunities for Technological Advancements in Battery Production and Lifecycle
The action required to seize this opportunity is twofold:
-
Accelerate the deployment of battery technology:
Increase investment across the entire value chain, including charging infrastructure. Batteries also need to be made more affordable by lowering production costs and increasing their use.
-
Ensure batteries are produced responsibly and sustainably:
Responsible production means lower emissions and improving the repurposing and recycling of batteries.
Global Battery Alliance (GBA) - The Focus of SK Tes
The Global Battery Alliance has adopted 10 guiding principles, which SK Tes’s best-in-class experts are ideally positioned to support through a shared objective to create long-term value for employees, clients, shareholders, and society through sustainable value chains.
The GBA’s 10 Guiding Principles Agreed by 42 Global Organizations:
- Maximizing the productivity of batteries in their first life
- Enabling a productive and safe second life use
- Ensuring the circular recovery of battery materials
- Ensuring transparency of greenhouse gas emissions and their progressive reduction
- Prioritizing energy efficiency and substantially increasing the use of renewable energy
- Fostering battery-enabled renewable energy integration and access, focusing on developing countries
- Supporting high-quality job creation and skills development
- Eliminating child and forced labor, strengthening communities, and respecting human rights
- Fostering protection of public health and the environment, minimizing pollution in the value chain
- Supporting responsible trade, anti-corruption practices, local value creation, and economic diversification
Thomas Holberg, Global Vice President of Battery Operations:
“SK Tes has a clear vision: to be a global sustainability leader. Joining an alliance made up of such diverse and prestigious members is a huge step forward towards meeting this vision.
If we are to tackle climate change, the challenge of our generation, it's imperative that alliances like the Global Battery Alliance foster collaboration and shared thinking across the entire value chain.”
---
Find out more information about the GBA here.
