FREYR has developed seven pillars for our environmental and social efforts

Through FREYR’s materiality analysis we have decided to focus on 7 pillars in our sustainability work. These are further described in detail in the various chapters on our webpages. See links below.

The seven pillars represent where we will focus our efforts towards goals in 2030. We will publish our roadmaps towards these goals and every year we will report how we are delivering towards those goals.

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Through FREYR’s materiality analysis we have decided to focus on 7 pillars in our sustainability work. These are further described in detail in the various chapters on our webpages. See links below.

The seven pillars represent where we will focus our efforts towards goals in 2030. We will publish our roadmaps towards these goals and every year we will report how we are delivering towards those goals.

(put in links in the graph below so you can deep-dive into any of the subjects as you wish?)

We believe our focus areas and improvement work will fundamentally support several of the Un Sustainable Development Goals also set out for 2030.

See this illustrated in the graph below.

The UNSDGs that we find are where we will make the largest contributions are;

13. Climate Change: SDG #13: Take urgent action to combat climate change and its impacts.

Enable the transition to net zero

Right now, our planet is on course to be 2.7 degrees Celsius warmer by 2050. This scenario would have devastating consequences for human life and the environment. To disrupt this trajectory, the world must take action to minimize the rise in global temperatures to 1.5 degrees Celsius. The decarbonization of the global transportation and power sectors will be key to achieving this goal. Countries are committing to a shift to renewable sources of energy, while the transportation industry is transitioning to batteries and biofuels. According to the International Energy Agency (“IEA”), achieving our climate and sustainability goals toward a carbon-free future will require up to 10,000 installed GWh of batteries and other energy storage by 2040

SDG #7: Ensure access to affordable, reliable, sustainable, and modern energy for all.

Provide affordable and clean energy to all

The demand for energy continues to grow along with the world’s population. In the transition to net zero, we must continue to meet advancing energy needs and close the gap for nearly a billion people who are without power. Decarbonizing only that which we already consume will further impoverish those who are without access to electricity. To reach net zero, we must secure reliable, sustainable, scalable, and affordable solutions to power societies while enhancing standards of living. Wind, solar, and hydropower are growing and viable renewable energy solutions, and sustainably produced batteries will enable the backup and storage required to deliver a stable supply of energy to all.

SDG #12: Ensure sustainable consumption and production patterns.

Responsible consumption and production

Achieving economic growth and sustainable development require us to urgently reduce our footprint by changing the way we produce and consume goods and resources. Batteries are a key enabler to the decarbonization of the global transportation and power sectors, but current practices has their challenges with high energy use, the significant need for raw materials, and their impact on local communities. Throughout the battery value chain, we must promote efficient management of our shared natural resources. Facilities will be designed to improve resource efficiency and reduce waste. Choice of location, manufacturing technology, and suppliers will be based on sound management of materials, chemicals, water, and waste in production and through the product life cycle. This is key to minimize emissions into the air, water, and soil and their negative impact on people. Innovation in technology is required to enable direct recycling with less energy and chemicals and direct reuse of materials in production. We need to increase recycling so that the industry can convert towards a more circular value chain. Sustainable consumption and production is about promoting resource and energy efficiency, sustainable infrastructure, and providing access to basic services, green and decent jobs and a better quality of life for all. Its implementation helps to achieve overall development plans; reduce future economic, environmental, and social costs; strengthen economic competitiveness; and reduce poverty.

SDG #9: Build resilient infrastructure, promote inclusive and sustainable industrialization, and foster innovation.

Stimulate sustainable battery industry to meet demand

Worldwide demand for battery cell production is projected to reach nine terawatt-hours (“TWh”) in 2030, which may exceed the anticipated annual global production at that time. Currently, the world’s battery supply is not on track to meet the Intergovernmental Panel on Climate Change’s carbon scenario for limiting global warming to no more than 1.5 degrees Celsius. The gap between supply and demand will only widen in subsequent years unless the battery industry makes major strides in the next decade. Future demand will stem primarily from the EV market, as well as from the stationary storage and commercial mobility sectors. Meeting global needs on the path to net zero will require a rapid acceleration of battery production, addressing regional supply requirements through clean and sustainable sourcing and manufacturing, driven by the innovative use of technology to ensure speed and scalability