Terrafame has signed the UN Global Compact initiative

Terrafame has been approved as a participant to the UN Global Compact initiative in October 2020.

By signing the initiative Terrafame commits to support and apply the ten principles of the UN Global Compact initiative in the fields of human rights, labour, environment and anti-corruption in its operations and strategies.

More than 11,000 companies from over 150 countries have signed the initiative. Global Compact is the world’s largest corporate responsibility initiative.

CEO Joni Lukkaroinen: “At Terrafame we have sustainability at the core of our strategy. We participate in the fight against climate change by enhancing low-carbon mobility with responsibly produced battery chemicals. In addition to this we acknowledge the comprehensive value of good corporate citizenship and by joining Global Compact we want to demonstrate our commitment to sustainable business practises.”

Terrafame reports on its progress in the implementation of the ten principles of the Global Compact in its yearly Sustainability Review.

Further information:

Joni Lukkaroinen, CEO, Terrafame Ltd, +358 20 7130 800 (switchboard), joni.lukkaroinen(at)terrafame.fi

Terrafame’s purpose is to enhance low-carbon mobility with responsible battery chemicals. Terrafame's integrated production process – which begins in its own mine and ends with battery chemicals on one industrial site – is a unique and energy-efficient entity that provides customers with a transparent, traceable, and truly European battery chemicals production chain. Terrafame will start producing battery chemicals in early 2021 and the new production plant is one of the world's largest production lines for battery chemicals used in EV batteries. The carbon footprint of the nickel sulphate produced by the plant is more than 60% lower than the industry average.

Terrafame Ltd was founded in 2015 and its production facilities are located in Sotkamo, Finland. In 2019, Terrafame’s net sales amounted to EUR 310 million, and the company's industrial site employed approximately 1,500 people, of which around half were employees of its partner companies. www.terrafame.com