Terrafame achieved gold level in its first EcoVadis sustainability assessment

The operations of the battery chemicals company Terrafame were evaluated for the first time using the assessment criteria of the internationally renowned EcoVadis. The assessment includes four main themes: environment, labour and human rights, ethics and sustainable procurement.

Terrafame's operations are regularly evaluated, and the company conducts internal audits in the spirit of continuous improvement. The company's sustainability work is externally assessed annually as part of ISO standardisation and every three years according to the Towards Sustainable Mining (TSM) Finland standard. Additionally, electric vehicle manufacturers conduct their own audits.

At the end of 2024, a significant electric vehicle customer extensively audited Terrafame's sustainability work. The audit utilised EcoVadis, which is an internationally recognised and trusted provider of business sustainability ratings.

Terrafame was evaluated for the first time using EcoVadis' extensive criteria. The assessment includes 21 indicators across four themes: environment, labour and human rights, ethics and responsible procurement. The company achieved the second highest gold level, which has been reached by five percent of companies evaluated in the previous 12 months.

"We are very proud of this result, which is a great recognition of our long-term and systematic sustainability work. The EcoVadis gold level once again confirms Terrafame's good performance in ESG matters, which we have already observed in other evaluations," says Seppo Voutilainen, CEO of Terrafame.

EcoVadis evaluates and scores companies' ESG (Environment, Social, Governance) performance. Its criteria are based on standards such as GRI, UNGC and ISO 26000. Over 150,000 companies in hundreds of different industries across more than 185 countries have used EcoVadis assessments.

Learn more:
Terrafame's results at the target level in the mining industry's sustainability standard assessment (news, published 3 April 2025)

Terrafame enhances low-carbon mobility by delivering responsibly produced battery chemicals to the global battery industry. One of the world’s largest production lines for chemicals used in electric vehicle batteries is located on Terrafame’s industrial site. The plant is capable of producing nickel sulphate for around 1 million EVs per year. The carbon footprint of the nickel sulphate produced by Terrafame is among the smallest in the industry.

Terrafame’s integrated, unique and energy-efficient production process from the mine to battery chemicals is located on a single industrial site. It provides customers with a transparent, traceable and truly European battery chemical supply chain.

Terrafame Ltd was founded in 2015. Its net sales in 2024 were EUR 544.5 million. Around 2,000 people work on its industrial site, approximately 1,200 of whom are employees of partner companies.