Multinational professional services firm KPMG and UK-based supply chain traceability firm Circulor have announced an alliance to offer a software package known as a digital battery passport, which enables the tracing, monitoring and control of critical raw materials throughout battery value chains, from extraction to beyond a product’s first life.
The software, designed for compliance with future EU regulatory requirements, tracks the physical flow of such critical raw materials as lithium, cobalt, nickel and graphite throughout the product life cycle; captures sustainability and product data; and facilitates recovery and recycling. It can also be used by the automotive industry to verify compliance with the US Clean Vehicle Tax Credit.
“Full traceability of raw materials is the key to building sustainable and circular battery value chains, to securing scarce supplies and to winning the race to net zero,” said Tim Gore, KPMG Sweden Sustainability Advisory Director.
Source: KPMG
