In 2024, NextStar Energy announced its commitment to achieving net-zero greenhouse gas (GHG) emissions by 2050 by joining the Environment and Climate Change Canada’s (ECCC) Net-Zero Challenge.
Building on that commitment, we have established our first interim greenhouse gas emissions reduction target for 2030. As Canada’s first large-scale lithium-ion battery manufacturer, we recognize the important role we play in supporting the transition to a low-carbon economy while minimizing the environmental impact of our operations.
By adopting an absolute greenhouse gas emissions reduction target, we are committed to reducing the total emissions generated by our operations while remaining focused on achieving net zero by 2050.
Our 2030 Interim Target
The table below outlines our greenhouse gas emissions reduction pathway, beginning with our 2028 baseline, followed by our 2030 interim target and our long-term commitment to achieving net zero by 2050.
| Target Year | Scope 1 (tCO₂e) | Scope 2 (tCO₂e) | Total Scope 1 & 2 (tCO₂e) | Reduction from 2028 Baseline |
| 2028 Baseline | 61,253 | 10,488 | 71,741 | — |
| 2030 Target | 57,912 | 9,916 | 67,827 | 5.46% |
| 2050 Net Zero | 0 | 0 | 0 | 100% |
Note: NextStar Energy has adopted an absolute greenhouse gas emissions reduction target. The targets shown above apply to Scope 1 and Scope 2 emissions, using a 2028 baseline, and support our pathway to achieving net zero by 2050. We have evaluated all applicable greenhouse gas emission sources in developing our net-zero strategy.
Continuing Our Net Zero Journey
Establishing our 2030 interim target marks an important milestone in our journey to net zero. It provides a measurable benchmark that will guide our emissions reduction efforts and help us track progress toward our 2050 goal.
As we continue to grow, we will monitor and report on our progress while pursuing practical solutions to reduce emissions, improve operational efficiency, and build a more sustainable future.
