“NOVONIX is on a journey to help provide revolutionary solutions to the battery industry to enable the adoption of clean energy. As a battery materials and technology company, we have a critical role to play in how our world’s energy is used. Our products, services, and experience enable our customers to achieve their goals of making more efficient, longer life lithium-ion batteries for a more sustainable EV and battery storage future.”
Chris Burns, Co-Founder & CEO, NOVONIX
Sustainability at NOVONIX
NOVONIX recognizes that Environmental, Social, and Governance (ESG) considerations have a material impact on our business and stakeholders. We are committed to operating a profitable, ethical, and sustainable business and are actively articulating and developing an ESG program aligned with our values. As we develop our ESG program, we are committed to transparency with respect to our performance and progress.
Environmental
NOVONIX develops innovative sustainable technologies and high-performance materials that service the automotive and energy storage industries.
Synthetic graphite
Lithium-ion batteries are increasingly prevalent and broadly utilized across the energy storage and automotive sectors. Anode material is the single largest component of lithium-ion batteries. Through our Anode Materials division, we have developed a synthetic graphite that has demonstrably lower carbon emissions compared to the largest producers of synthetic and natural anode grade graphite in the world.
We commissioned a Life Cycle Assessment (LCA) conducted by Minviro Ltd – a U.K.-based and globally recognized sustainability and life cycle assessment consultancy – to support NOVONIX’s position at the forefront of sustainable battery research and production. This LCA quantifies the environmental impact of our GX-23 synthetic graphite and illustrates how NOVONIX is in a unique position to reduce the climate change impact of anode production.
Our GX-23 synthetic graphite anode material has an approximate 60% lower global warming potential (GWP) relative to the conventional anode grade synthetic graphite produced from Inner Mongolia, China and an approximate 30% lower GWP when compared to the anode grade natural graphite in Heilongjiang Province, China.
Advanced battery technology
Lithium-ion batteries are an essential piece of technology in our transition away from non-renewable sources of energy. Our services and equipment are designed to enable faster adoption of cleaner technologies in the energy storage ecosystem. Our Ultra-High Precision Coulometry (UHPC) technology systems provide industry-leading low noise and high-accuracy electronics to make precise measurements of battery performance in a shorter amount of time that are reliable and repeatable. NOVONIX’s R&D Services can help with cell design and prototyping, cell performance testing, and analysis services for customers developing battery chemistries in various form factors. NOVONIX’s testing technology, and the services it provides to the industry, support the adoption and commercialization of advanced battery technology.
Our company initiatives
While we know that our battery materials and technology are key to enabling an electrified future, we recognize the need to reduce the impact of our operations, products, and corporate activities on the environment and earth’s natural resources. Throughout our offices and facilities, we’ve made a commitment to sustainability. As we further develop our ESG program, we will announce additional environmental initiatives as they are implemented.
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Social
The health, safety, and wellbeing of our employees and the communities we operate in are essential to NOVONIX’s success and growth.
As such we are committed to the development of meaningful and measurable policies and targets in areas of health and safety and diversity. Fostering a culture of safety and inclusion across our organization requires long-term commitment and we are shaping our organization in a way that embraces these values. Our partnership with Hamilton County Schools to create the NOVONIX Institute of Advanced Battery Technology in Chattanooga illustrates the type of investment we’re making in our communities. We have also created strong workforce development opportunities that actively recruits and hires displaced members of the fossil energy and manufacturing workforce in addition to offering opportunities for career advancement, professional training. As we develop our ESG program, we will be sharing further information on our company-wide initiatives, policies, and processes to support our employees and the communities in which we operate.
Diversity
NOVONIX has a Diversity Policy that includes a requirement for the Board to set and annually review measurable objectives for achieving diversity, and for the Nominating and Corporate Governance Committee to annually assess the Group’s progress in achieving them. The Board continues to review and monitor the Group’s diversity profile with a view to setting meaningful targets for the advancement of diversity as well as accurate reporting regarding this topic.
Health and safety
We are committed to promoting employee wellbeing and morale, and offering all employees a safe, comfortable, and healthy working environment. This includes, among other processes and poWe are committed to promoting employee wellbeing and morale, and offering all employees a safe, comfortable, and healthy working environment. This includes, among other processes and policy requirements, adherence to all applicable workplace health and safety laws, providing safety training and personal protective equipment to employees, and thorough incident reporting.licy requirements, adherence to all applicable workplace health and safety laws, providing safety training and personal protective equipment to employees, and thorough incident reporting.
Governance
NOVONIX believes corporate governance is central to its business objectives and a critical element contributing to the preservation of shareholder value. As such the Company has adopted a suite of charters and key corporate governance documents which define its policies and procedures . The Board regularly reviews the Company’s governance documents and practices to ensure that they remain appropriate in light of changes in corporate governance expectations and developments.
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