KPMG and Circulor announce alliance to meet growing demand for digital battery passports

Circulor’s market-leading ‘digital battery passport’ solution is a key enabler of a sustainable, responsible, and circular battery value chain and designed for full compliance with forthcoming EU regulatory requirements. The software tracks the physical flow of critical raw materials throughout the product life cycle, capturing key sustainability and product data and facilitating recovery and recycling efforts. Circulor’s approach can also support the automotive industry in proving the requirements of the US Clean Vehicle Tax Credit.

The new alliance comes as global competition is sharply increasing for access to critical raw materials like lithium, cobalt, nickel and graphite. These materials, which are crucial components in digital and low carbon technologies, are linked to social and environmental concerns during extraction and processing. With global demand rising, many companies are seeking closer control over opaque supply chains and to boost recycling efforts to secure supplies and deliver on sustainability goals.

Circulor CEO Douglas Johnson-Poensgen said: “Supply chain transparency is a business imperative. Consumers and regulators increasingly want to know that products are sourced responsibly and sustainably. By harnessing the dual strengths of KPMG and Circulor, companies can accelerate progress toward their sourcing goals, mitigate risks, build trust among stakeholders, and create clear differentiation to win in the market – today and in the future.”

KPMG Sweden Sustainability Advisory Director Tim Gore said: “Full traceability of raw materials is the key to building sustainable and circular battery value chains, to securing scarce supplies and winning the race to net zero. The lessons learned in batteries can be applied to every other industrial sector facing sustainability challenges and rising competition for raw materials.”

Andreas Halvarsson, Partner at KPMG Sweden, said: “KPMG recognises the growing need and demand for traceability across the economy and offers Circulor’s solution as part of its wider sustainability and value chain advisory portfolio. KPMG will be the key point of contact for our clients, supporting them in implementing the Circulor platform and analysing their granular supply chain data to gain strategic foresight and operational value.”

Founded in 2017, Circulor offers the most mature, proven, and complete software solution to track the physical flow of materials from extraction to final product and through in-life and circular value chains. Circulor attributes to the product itself environmental, social, and governance (ESG) qualifications, Scope 1, 2, and 3 emissions, and other data inputs necessary for the EU Battery Regulation and U.S. Clean Vehicle Tax Credit.

The KPMG and Circulor alliance will expand beyond batteries to digital product passports and identifiers, supporting customers across industries to demonstrate responsible production and gain a competitive advantage.

Read the article online at: https://www.globalminingreview.com/technology-digitalisation/25052023/kpmg-and-circulor-announce-alliance-to-meet-growing-demand-for-digital-battery-passports/