Battery passports are one of our proposed demonstrator solutions to incentivise sustainable global battery supply chains.
What is a battery passport?
A battery passport would keep a record of an individual battery’s constituent parts, aiming to increase transparency throughout the supply chain. Information about the battery’s raw material provenance, manufacturing, carbon credentials, human rights record, usages and more would be digitally recorded.
Why could battery passports be important?
Increased knowledge of battery provenance could highlight the environmental and social benefit of domestically produced batteries, helping consumers and businesses make greener decisions. The scheme could also encourage further investment in the supply chain by confirming whether any investments made are ESG compliant.
Battery passports would likely make recycling batteries easier, as the precise type of materials, age and uses of the battery would be recorded, helping to ascribe an accurate value at the end of a battery’s life.
Crucially, they would give consumers confidence about the battery in their electric vehicle.
The Global Battery Alliance, which the Green Finance Institute is proud to be a member of, has launched the world’s first battery passport proof-of-concept pilots. Their passport, in addition to reporting the technical parameters of the battery, is based on key sustainability indicators along with child labour and human rights indices and aim to prove that battery passports are a viable part of establishing a sustainable, transparent, and fair battery supply chain.
Through our membership in the Global Battery Alliance, we are pleased to be working with businesses across the global battery value chain. Radical collaboration is critical in ensuring transparency throughout supply chains and we look forward to continuing this work with the GBA to deliver battery passport.