Aug 02, 2023

Nouveau Monde Graphite’s 2022 ESG Report Details Landmark Agreement With Caterpillar

Nouveau Monde Graphite (NMG), a company based in Quebec, Canada, is creating an environmentally-friendly source of battery anode material for the lithium-ion and fuel cell markets. The company aims to become North America's largest natural graphite producer and is committed to environmentally and ethically responsible practices.

NMG published its 2022 ESG report detailing progress in managing climate change, biodiversity, Indigenous relations, governance, and stakeholder engagement.

The report covers the company's operations, programs, advancements, case studies, and metrics at its Phase-1 operations and planned projects, including the Matawinie Mine and Bécancour Battery Material Plant.

NMG signed agreements with Caterpillar to use zero-emission technology and procure a fleet of emission-free vehicles for the company's mining operations.

According to the report, Caterpillar is set to be NMG's exclusive supplier of heavy mining equipment, supporting the progressive transition from traditional models to Cat® all‑electric machines as they become available. The agreement includes machines such as hydraulic excavators, mining trucks, wheel loaders, dozers, and motor graders; charging and energy storage infrastructure; as well as equipment maintenance services.

Moreover, NMG and Caterpillar advanced commercial discussions targeting NMG's active anode material. A full circular value chain could be established whereas NMG would supply carbon‑neutral graphite materials to Caterpillar for the development of its secure, resilient, and sustainable battery supply chain that would serve to electrify heavy vehicles, including NMG's Matawinie fleet.

Furthermore, NMG adopted a Climate Action Plan and completed an ISO-compliant lifecycle assessment to confirm the low environmental impact of its production model.

The report follows the Global Reporting Initiative, SASB Standards, TCFD, and the United Nations Global Compact disclosure frameworks to provide standardized reporting for shareholders, asset managers, and stakeholders to analyze their ESG practices.

Sources: Press Release, NMG ESG Report

Image (Matawinie mine rendering): NMG