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Company Directory - Albemarle Corporation

Company Details - Albemarle Corporation

Albemarle Corporation Logo

Albemarle Corporation

Website

NYSE: ALB 

Albemarle is one of the world's largest lithium producers, fully integrated in lithium production, with operations in lithium refining, bromine production, and catalysts for oil refining. The company plays a key role in supplying critical materials for advanced battery and specialty chemical applications.

CCI Score

CCI Score: Albemarle Corporation

16.42

-0.01%

Latest Event

Albemarle Political Contribution Policy Summary

The document outlines Albemarle Corporation's political contribution policy, emphasizing participation in the political process via a PAC comprised of voluntary employee contributions and overseen by senior corporate leadership. The policy is designed to support legislative actions that favor the company’s business interests, reflecting a focused engagement in political activities.

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SABOTEUR

Albemarle Corporation is currently rated as a Saboteur.

+10 to +24 CCI Score
Companies in this bracket take more subtle actions to undermine authoritarian practices. They might implement internal policies or support reforms that quietly weaken oppressive systems, contributing to change in less overt ways.

Latest Events

  • Albemarle Political Contribution Policy Summary Logo
    JUN
    01
    2024

    The document outlines Albemarle Corporation's political contribution policy, emphasizing participation in the political process via a PAC comprised of voluntary employee contributions and overseen by senior corporate leadership. The policy is designed to support legislative actions that favor the company’s business interests, reflecting a focused engagement in political activities.

  • -20

    Political Contributions and Lobbying Efforts

    March 25

    The policy details Albemarle's method of leveraging a Political Action Committee to support candidates that align with its business objectives. Although the contributions are employee-funded and subject to oversight, this structured political involvement can be seen from an anti-fascist perspective as a form of corporate influence aimed at shaping regulatory and legislative outcomes in favor of the company. Such political engagement may indirectly bolster authoritarian tendencies by prioritizing corporate interests over democratic accountability.

    PDF Political Contribution Policy Summary - Albemarle Corporation

  • Albemarle Ethics & Compliance Commitment Logo
    MAY
    23
    2024

    Albemarle Corporation outlines its commitment to ethical business practices and adherence to human rights through its comprehensive ethics & compliance program. The policy emphasizes integrity, transparent reporting procedures, and non-retaliation for reporting ethical concerns.

  • DOD and Albemarle Expand Domestic Lithium Production Partnership Logo
    SEP
    13
    2023

    Albemarle Corporation and the U.S. Department of Defense have inked a $90 million agreement to expand domestic lithium mining and production, bolstering the battery supply chain. Critics argue that this partnership deepens corporate entanglement with the state’s militarization efforts, which can contribute to a power structure supportive of authoritarian policies.

  • -25

    Public and Political Behavior

    March 25

    By partnering with the Department of Defense, Albemarle is aligning itself with state-led militarization. This move is seen as complicit in reinforcing mechanisms of state power that can pave the way for authoritarian practices.

    DOD, Albemarle Partner to Expand Domestic Lithium Production for Battery Supply Chain; Anthony Di Stasio Quoted

  • -20

    Economic and Structural Influence

    March 25

    The significant contract and subsequent production expansion increase Albemarle's economic clout and solidify its role within the military-industrial complex, a structure criticized for bolstering authoritarian practices through state and corporate collusion.

    DOD, Albemarle Partner to Expand Domestic Lithium Production for Battery Supply Chain; Anthony Di Stasio Quoted

  • Albemarle Receives $90 Million Critical Materials Award Logo
    SEP
    12
    2023

    Albemarle Corporation has secured a $90 million grant from the U.S. Department of Defense under the Defense Production Act to support the expansion and restart of its Kings Mountain lithium mine in North Carolina. While the funding supports domestic critical materials production and is paired with IRMA-ready standards promoting environmental stewardship, the close ties with a defense agency raise concerns about the company’s integration with militarized state power, potentially reinforcing authoritarian tendencies.

  • -10

    Public and Political Behavior

    March 25

    By accepting grant funds from the Department of Defense, Albemarle is aligning itself with national defense priorities. From a left-leaning perspective, such integration with state militarization can inadvertently support authoritarian practices by reinforcing the military-industrial complex.

    Albemarle Receives $90 Million Critical Materials Award from the Department of Defense

  • +20

    Business Practices and Ethical Responsibility

    March 25

    The announcement emphasizes Albemarle's commitment to responsible mining practices through the adoption of IRMA-Ready standards, which focus on environmental stewardship and community engagement. This proactive approach to sustainable operations provides a positive counterpoint to the negative implications of its ties with defense funding.

    Albemarle Receives $90 Million Critical Materials Award

  • -20

    Economic and Structural Influence

    March 25

    The $90 million grant, granted under the Defense Production Act, deepens Albemarle’s structural ties with state power by embedding the company within a defense-supported supply chain. Such collaborations can bolster military-industrial networks, which from an anti-fascist viewpoint, may contribute to the persistence of authoritarian state practices.

    Albemarle Receives $90 Million Critical Materials Award from the Department of Defense

  • Albemarle Corporate Human Rights and Labor Policy Announcement Logo
    DEC
    15
    2022

    Albemarle Corporation released its updated Human Rights Policy outlining robust commitments to labor rights, safe working conditions, non-discrimination, and responsible supply chain management, effective December 15, 2022.

  • +80

    Labor Relations and Human Rights Practices

    March 25

    The document clearly details Albemarle's commitment to upholding strong labor standards, ensuring workplace safety, prohibiting discrimination and harassment, and respecting workers' rights including freedom of association. These measures, rooted in internationally recognized human rights principles, demonstrate a proactive stance in protecting employee welfare.

    Policy Human Rights

  • +70

    Supply Chain Ethics

    March 25

    The policy emphasizes responsible sourcing by mandating due diligence in supplier selection and requiring adherence to strict human rights standards. The commitment to terminate relationships with suppliers who fail to meet these expectations reflects a positive approach to supply chain ethics.

    Policy Human Rights

  • Albemarle Corporate Political Contribution Policy Disclosure Logo
    JAN
    01
    2014

    Albemarle Corporation has disclosed its internal political contribution policy that emphasizes transparency and the use of employee-funded mechanisms to support political engagement, ensuring that corporate funds are not directly used for political contributions.

  • +20

    Political Contributions and Lobbying Efforts

    March 25

    The company has implemented a transparent process for political contributions through the Albemarle PAC, ensuring that contributions are solely funded by voluntary employee inputs and overseen by senior executives and a dedicated Government Relations Office. This approach reduces the risk of undue corporate influence in political affairs, reflecting a measured, though still corporate, engagement in the political process.

    Political Contribution Policy

  • +15

    Executive Political Engagement

    March 25

    Senior executives play a key role in overseeing the PAC and ensuring that political contributions abide by strict guidelines and regulatory requirements. While this structure promotes accountability, the active involvement of top management in political oversight still underscores the company's direct engagement in the political process.

    Political Contribution Policy

  • Albemarle Enhances Supply Chain Ethics to Combat Forced Labor Logo
    JAN
    01
    2010

    Albemarle Corporation has outlined its commitment to maintaining ethical standards in its supply chain by strictly prohibiting forced labor, human trafficking, and slavery. The firm has adopted a Supplier Code of Conduct and mandates training for all employees on these issues, demonstrating its dedication to human rights, although its reliance on internal procurement staff for supplier evaluation may leave room for improvement.

  • +70

    Supply Chain Ethics

    March 25

    Albemarle’s published Supplier Code of Conduct and its clear commitment to ethical sourcing—as evidenced by strict policies against forced labor, human trafficking, and slavery—reflect strong adherence to supply chain ethics. This proactive measure supports human rights and reduces complicity in exploitation. However, the lack of a stringent, third-party supplier verification process is a slight weakness that prevents a higher score.

    California Transparency in Supply Chains Act of 2010

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