+ NMG will maintain a carbon-neutral status and fully transition
to a Net Zero profile by no later than 2030 through emission
reduction and an innovative offsetting strategy
+ Proprietary technologies, clean hydroelectricity, responsible
mining, R&D and continuous improvement are set to drive
meaningful GHG reductions for NMG
+ NMG will develop a portfolio of compensation projects that
support sequestration, nature-based solutions and partnerships with
local communities
+ NMG is committed to providing the marketplace with sustainably
sourced and manufactured graphite-based solutions with a traceable
and carbon-neutral footprint to power global decarbonization
In line with its prior commitments, Nouveau Monde Graphite Inc.
(“NMG”, “Nouveau Monde” or the “Company”) (NYSE: NMG, TSXV: NOU)
releases its Climate Action Plan that maps its transition from a
carbon-neutral production to a Net-Zero business model, from ore to
battery materials. From the Company’s founding to today, NMG is
working towards building a mining and advanced manufacturing
operation anchored in sustainable development principles, a
zero-harm philosophy and business practices aligned with global
decarbonization efforts. NMG is establishing an ambitious and
transparent Climate Action Plan that reflects expectations and
dialogue with its stakeholders ahead of its full-scale commercial
activities.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20220224005391/en/
NMG’S projected emissions curve with the
deployment of its operations (Photo: Business Wire)
NMG is diligently pursuing its development to serve the growing
electric vehicle (“EV”) and cleantech markets with carbon-neutral
battery materials. The Company firmly believes that its operations
and corporate activities can contribute to the joint effort to
limit global warming to 1.5 °C by 2050, as agreed to in the Paris
Agreement.
Arne H Frandsen, Chair of NMG, commented: “As part of our
sustainability and zero harm policy and commitment, Nouveau Monde
strives to remain at the forefront of our industry. As one of the
first, we will achieve a Net-Zero carbon footprint. While most
companies are working overtime to review and reshape their business
models to meet Net-Zero targets by 2050, we are set to achieve this
two decades earlier. Nouveau Monde has an advantage because we have
incorporated these principles into the design of our operations,
the technological development of the company’s proprietary
processes, and our choice of equipment. This final step, from
carbon neutrality to Net Zero, will enable us to deliver on our
environmental stewardship promise to our employees, communities,
business partners, customers, shareholders, and governments.”
From Zero to Net Zero
NMG’s commitments aim fundamentally at reducing the Company’s
embedded emissions as quickly as possible and internalizing the
costs for each past, present, and future tonne of CO2 emitted into
the atmosphere. NMG has mapped its climate strategy around
transparent reporting, reduction of its climate impact, transition
to Net Zero, research and development for low-carbon materials and
activities, as well as industry leadership. NMG’s targets are based
on, but not limited to, all Scope 1, Scope 2, and some Scope 3
emissions, including business travel, direct emissions associated
with the facilities construction, deforestation related to the
Company’s direct operations, and the transportation of goods
between sites.
In light of the progressive development and commissioning of its
Phase-1 and Phase-2 operations, NMG projects that its greenhouse
gas (“GHG”) emissions will increase over the next five years before
reaching operational stabilization. Reduction and mitigation
measures are already in place for Phase-1 operations and are
planned for Phase-2 in addition to exploratory initiatives that
show reduction potential.
Irrespective of its growth and the commissioning of new
facilities, NMG is committed to reducing and controlling its
emissions while increasing its effectiveness and efficiency. The
Company’s Climate Action Plan aims to transition to a Net-Zero
target and reduce the use of and financial risk associated with
emissions offsets through source reduction strategies and the
development of compensation projects.
By 2030, NMG plans to offset its carbon exclusively through
verified carbon sequestration credits, the recommended model to
limit global warming. NMG is committed to using a scientific
approach targeting nature-based credits that increase global carbon
sinks and reservoirs. The Company will also investigate
technological opportunities to sequester carbon at its facilities
or through partnerships.
As NMG aspires to create opportunities and shared value in its
communities, it will incorporate credits from local projects in its
compensation strategy. The Company also recognizes that the climate
crisis affects the entire planet and that sequestration initiatives
have a global impact. As it operates in an international market,
NMG believes it is its corporate responsibility to support
developing countries by investing in local climate solutions.
Eric Desaulniers, Founder, President, and CEO of NMG, added: “We
are taking swift action to become a change agent and a leader in
providing the market with high-quality products with a
carbon-neutral footprint while meeting our customers’ needs. We
have incredible opportunities on the road to becoming Net-Zero. By
proactively managing the carbon footprint of our operations and
products, designing infrastructure with carbon sequestration
potential, developing our offsets portfolio, and making long-term
efforts within our industry, I am confident that we will further
differentiate ourselves in the market.”
2021 Carbon Footprint
In 2021, NMG reported GHG emissions of 1,546 tonnes of CO2
equivalent in connection with carrying out its operations at its
Phase-1 plants and corporate offices. This calculation entails
scope 1, scope 2 and a portion of scope 3 on which the Company has
financial control, namely construction at its sites, business
travel, and transport between sites.
The Company has purchased verified carbon credits to offset this
balance. Supporting the transition to renewable energy, the credits
are associated with constructing and operating a greenfield 20 MW
solar photovoltaic power plant in Madagascar. Electricity in this
developing country is currently heavily reliant on imported fossil
fuels. Representing the island's first large-scale solar
photovoltaic power plant, the project will substitute grid
electricity by clean energy, leading to considerable reductions in
GHG emissions.
About Nouveau Monde
Nouveau Monde is striving to become a key contributor to the
sustainable energy revolution. The Company is working towards
developing a fully integrated source of carbon-neutral battery
anode material in Québec, Canada for the growing lithium-ion and
fuel cell markets. With low-cost operations and enviable ESG
standards, Nouveau Monde aspires to become a strategic supplier to
the world’s leading battery and automobile manufacturers, providing
high-performing and reliable advanced materials while promoting
sustainability and supply chain traceability. www.NMG.com
Subscribe to our news feed: https://NMG.com/investors/#news
Cautionary Note Regarding Forward-Looking Information
All statements, other than statements of historical fact,
contained in this press release including, but not limited to those
describing the Company’s climate strategy, NMG's carbon neutral
status and the successful transition towards a Net-Zero business
model, the Company’s initiatives outlined in the Climate Action
Plan and the timeline of same, the Company’s contribution to the
objectives set out in the Paris Agreement, the Company’s
commitments, plans and strategies for the establishment and
achievement of certain environmental and sustainability targets for
reductions in and compensation of GHG emissions, any projections of
the Company’s GHG emissions, the developpement of a portfolio of
compensation projects and the completion of these projects, the
Company’s plans and committements in connection with carbon
sequestration and nature-based credits, the growth of EV and
cleantech markets, the differentiation of the Company in the
market, and those statements which are discussed under the “About
Nouveau Monde” paragraph and elsewhere in the press release which
essentially describe the Company’s outlook and objectives,
constitute “forward-looking information” or “forward-looking
statements” within the meaning of certain securities laws, and are
based on expectations, estimates and projections as of the time of
this press release. Forward-looking statements are necessarily
based upon a number of estimates and assumptions that, while
considered reasonable by the Company as of the time of such
statements, are inherently subject to significant business,
economic and competitive uncertainties and contingencies. These
estimates and assumptions may prove to be incorrect. Moreover,
these forward-looking statements were based upon various underlying
factors and assumptions, including the current technological
trends, the business relationship between the Company and its
stakeholders, the ability to operate in a safe and effective
manner, the timely delivery and installation of the equipment
supporting the production, the Company’s business prospects and
opportunities and estimates of the operational performance of the
equipment, and are not guarantees of future performance.
Forward-looking information and statements are subject to known
or unknown risks and uncertainties that may cause actual results to
differ materially from those anticipated or implied in the
forward-looking information and statements. Risk factors that could
cause actual results or events to differ materially from current
expectations include, among others, delays in the scheduled
delivery times of the equipment, the ability of the Company to
successfully implement its strategic initiatives and whether such
strategic initiatives will yield the expected benefits, the
availability of financing or financing on favorable terms for the
Company, the dependence on commodity prices, the impact of
inflation on costs, the risks of obtaining the necessary permits,
the operating performance of the Company’s assets and businesses,
competitive factors in the graphite mining and production industry,
changes in laws and regulations affecting the Company’s businesses,
political and social acceptability risk, environmental regulation
risk, currency and exchange rate risk, technological developments,
the impacts of the global COVID-19 pandemic and the governments’
responses thereto, and general economic conditions, as well as
earnings, capital expenditure, cash flow and capital structure
risks and general business risks. Unpredictable or unknown factors
not discussed in this Cautionary Note could also have material
adverse effects on forward-looking statements.
Many of these uncertainties and contingencies can directly or
indirectly affect, and could cause, actual results to differ
materially from those expressed or implied in any forward-looking
statements. There can be no assurance that forward-looking
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Forward-looking statements are provided for the purpose
of providing information about management’s expectations and plans
relating to the future. The Company disclaims any intention or
obligation to update or revise any forward-looking statements or to
explain any material difference between subsequent actual events
and such forward-looking statements, except to the extent required
by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Further information regarding the Company is available in the
SEDAR database (www.sedar.com), and
for United States readers on EDGAR (www.sec.gov), and on the Company’s website at:
www.NMG.com
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220224005391/en/
Julie Paquet VP Communications & ESG Strategy
+1-450-757-8905 #140 jpaquet@nmg.com
Neiman Marcus (NYSE:NMG.A)
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