We recognise that potential adverse impacts in battery supply chains, such as environmental destruction, unsafe working conditions, and the use of child labor, are significant concerns. As a result, we have implemented a robust sustainability risk management process that involves screening for potential risks, devising ways to prevent them, and tracking our progress.
Our commitment to sustainability is shared by European governments, who are increasingly expecting transparent supply chains that uphold decent work and human rights. For instance, Norway has enacted tough requirements through the Transparency Act, which became law in 2022. In addition, new EU regulations will soon require companies to be more transparent about the origin of their materials.
Despite these forthcoming regulations, we are ahead of the game and account for our sustainability practices in our first public Transparency Act report.