Our engagement
We engaged with Nickel Industries several times regarding its governance and disclosure. We were encouraged to see that the company published its first sustainability report in 2022, demonstrating an improving commitment to transparency and more disclosure on their initiatives to reduce carbon emissions. The sustainability report included a plausible emissions reduction pathway as well as greenhouse gas emissions disclosure which led to an upgrade in our proprietary sustainability rating for the company. The company’s main product, Nickel, is core to decarbonisation technologies such as EVs; however, it tends to have very carbon-intensive processes and its decarbonization is important for the lifecycle emissions of EVs.