<p> </p> <p><img src="https://astra.grandviewresearch.com/research/Solid%20State%20Battery%20Industry/Solid-State-Battery-Industry-Environmental%20-Benchmarking.png" alt="Solid State Battery Industry ESG" width="755" height="378" /></p> <p> </p> <p> </p> <p> </p> <p>The average ESG disclosure score for the solid state battery industry is between 60% and 70%. Our proprietary Environment, Social, & Corporate Governance (ESG) scoring framework analyzed 65 parameters across ESG, as represented in the methodology section of this document.</p> <p> </p> <p>Toyota Motor Corporation, Solvay SA, and two more market leaders were part of our research. Three out of four companies we researched scored above the average industry score. However, one of the market leaders needs to focus more on ESG reporting and transparency as it scored well below 60%.</p> <p><strong> </strong></p> <p><strong>For More Details: </strong><a href="https://astra.grandviewresearch.com/solid-state-battery-industry-esg-outlook" target="_blank"><strong>https://astra.grandviewresearch.com/solid-state-battery-industry-esg-outlook</strong></a></p> <p><strong> </strong></p> <p><strong>Environmental insights</strong></p> <p>Batteries play an important role in our lives, from providing the initial power needed to start engines of cars to act as a backup source of electricity in telecommunications, public transportation, and medical procedures. Improperly disposed batteries negatively affect human health and also contribute to water and air pollution, affecting the environment, as they contain strong corrosive acids & chemicals. A solid-state battery, as the name suggests, uses solid electrodes and a solid electrolyte instead of liquid or polymer gel electrolytes found in lithium-ion or lithium polymer batteries. They have many advantages over other battery types. Energy efficiency, compactness, lightweight, and higher running range are some of the key advantages compared to the current lithium-ion batteries. In addition, they also do not pose the risk of explosion or there is a lower risk of battery fire; hence, there is no need to have safety components, which saves more space.</p> <p> </p> <p><strong>Social insights</strong></p> <p>Social metrics are an assessment of the risks that a firm may face from both human capital and the community. The variables that are accounted for in this classification include how an organization manages its relations with its workers, financial investors, the communities in which it operates, and the political environment. Within this category, for the solid state battery industry, Samsung SDI has topped among its peers with a score of∼70%. They have a standardized Supplier Code of Conduct which has various rules and regulations inclusive of human rights and diversity. The company has also obtained ISO 45001 certification for Industrial Safety and Health Management System as compared to Toyota Motor Corporation, which has only eight global plants that have acquiredISO 45001 certifications.</p> <p> </p> <p><strong>Governance insights</strong></p> <p>The governance component within ESG evaluation measures factors involved in policy-making, such as board structure, distribution of rules & regulations along with details of the responsibilities among stakeholders, employees, suppliers, and top executives. As per Grand View Research’s ESG scoring model, Solvay SA ranks the highest in corporate governance among its competitors, with a score of ∼70%, functioning within the solid state battery industry. The organization has the highest number of independent directors (more than 70% of the board includes independent directors), while the female representation on the board is also seen to be highest with a score of 26.67%. Furthermore, Solvay SA also has a clawback policy in place, which enables it to reclaim Performance Share Units (PSU) for a period of 3 years from the date of the payment with regards to its executives.</p> <p>With an increase in the cases of cyberattacks, Toyota Motor Corporation established the All Toyota Security Guidelines (ATSG), based on ISO 27001/27002; US National Institute of Standards and Technology (NIST) - Cybersecurity Framework; and Cybersecurity Management Guidelines by the Ministry of Economy, Trade, and Industry, which ensure information security through a multifaceted approach: through organization, human resources, technical security, physical security, and incident/accident response. The organization also has external and internal hotlines integrated into the “Speak up” Hotline, which allows anonymous reporting and is open to third parties, including family members of an interested party.</p> <p><strong> </strong></p> <p><strong>Request for Free Demo: </strong><a href="https://astra.grandviewresearch.com/solid-state-battery-industry-esg-outlook/request/rs1" target="_blank"><strong>https://astra.grandviewresearch.com/solid-state-battery-industry-esg-outlook/request/rs1</strong></a></p> <p> </p>
Topics
