NOVONIX Releases Inaugural Sustainability Report

BRISBANE, Australia, March 08, 2024 (GLOBE NEWSWIRE) -- NOVONIX Limited (NASDAQ: NVX, ASX: NVX) (“NOVONIX” or “the Company”), a leading battery materials and technology company, today announced that it has released its inaugural Sustainability Report.

NOVONIX’s Sustainability Report underscores the Company’s dedication to running a profitable, ethical, and sustainable business. It emphasizes the steps taken to develop its ESG (Environmental, Social, and Governance) program, including the formation of an ESG Committee, and the establishment of ESG priorities consistent with the Company’s values, business strategy, and commitment to sustainability. The report also outlines NOVONIX’s strategies and initiatives for advancing its ESG program further, taking into account the interests of key stakeholders such as shareholders, customers, employees, regulators, suppliers, and local communities.

Dr. Chris Burns, CEO of NOVONIX, said, “We are 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 mission is to develop innovative, sustainable technologies and high-performance materials to service the electric vehicle and energy storage industries, so we view our commitment to sustainability as an inherent part of our mission. We are proud to publish our inaugural Sustainability Report to share our progress in promoting clean energy.”

The Sustainability Report presents the Company’s achievements to date, its plans moving forward, and the framework established to facilitate continuing progress. The report highlights the Company’s:

• environmentally conscious foundation that aligns with its mission to provide revolutionary clean-energy solutions to the battery industry;
• the commitment to meaningful policies and measurable targets in the areas of workforce health and safety, employee engagement and diversity, equity, and inclusion; and
• corporate governance structure designed to facilitate effective internal oversight of and accountability for our ESG initiatives.
  

As NOVONIX advances its ESG program, it intends to continue its transparency regarding its performance, progress, and engagement with its key stakeholders. To access NOVONIX’s inaugural Sustainability Report, please visit NOVONIX’s 2023 Sustainability Report on the Sustainability page of our website.