Climate Change Data

Enovix Corporation

Climate Impact & Sustainability Data (2023, Q2 2024)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:2783 tCO2e/year
Scope 1 Emissions:609 tCO2e/year
Scope 2 Emissions:2717 tCO2e/year
Total Energy Consumption:11343 MWh/year

ESG Focus Areas

  • Environmental Management
  • Energy Management in Operations
  • Product Energy Efficiency
  • Product Lifecycle Management
  • Materials Sourcing & Efficiency
  • Product Safety
  • Product Quality
  • Workforce Health & Safety
  • Employment Benefits
  • Talent Development
  • Diversity, Equity & Inclusion
  • Human Rights
  • Ethical Business Conduct

Environmental Achievements

  • Published first CDP Climate Change report, receiving a “B” rating.
  • Commissioned a Climate Scenario Analysis to identify climate risks and opportunities.
  • Published a TCFD Index.
  • Signed an agreement to formalize recycling and recovery programs.
  • Aligned with the Responsible Business Alliance (RBA) Code of Conduct.
  • Tracked energy use data at Fab1 and initiated data collection at Korean and Malaysian operations.

Social Achievements

  • Implemented Inclusive Workplace program and supported Employee Resource Groups (ERGs).
  • Provided talent development opportunities including training, career ladder protocols, and an online learning platform.
  • Hosted Women in Leadership events and implemented DEI training for managers.
  • Volunteered with Second Harvest Food Bank and participated in the Walk to End Alzheimer’s.
  • Aligned with RBA Code of Conduct principles on human rights, including prohibition of forced labor and child labor.

Governance Achievements

  • Appointed an ESG Steering Committee to advance ESG goals.
  • Received ISO 9001:2015 certification for Fab1 manufacturing facility and lab.
  • Established a conflict minerals management policy to comply with laws and social responsibilities.
  • Implemented a Code of Conduct and compliance training program.

Climate Goals & Targets

Medium-term Goals:
  • By 2030, aim to be at the forefront of sustainable change, leveraging advancements in battery technology to revolutionize energy storage.
Short-term Goals:
  • Prepare Fab2 for high-volume manufacturing and deliver first samples to customers.
  • Grow Routejade battery business and integrate it into Enovix.
  • Foster a culture of inclusion within the organization.

Environmental Challenges

  • Potential supply chain disruptions due to climate-related events (hurricanes, floods).
  • Economic uncertainty in operating regions impacting cash flow.
  • Import/export delays due to events at ports or operating locations.
  • Increased operating costs and business interruption due to climate change.
  • Water shortages at Hyderabad R&D site.
Mitigation Strategies
  • Climate Scenario Analysis to identify and manage climate-related risks.
  • Implementation of energy and water conservation projects (LED lighting, efficient HVAC).
  • Engagement with suppliers to align with Supplier Code of Conduct.
  • Resilience strategy to mitigate climate-related risks.
  • Development of recycling programs and collection infrastructure.

Supply Chain Management

Responsible Procurement
  • Supplier Code of Conduct requiring compliance with laws on conflict minerals, human rights, labor, environment, health, safety, and business continuity.

Climate-Related Risks & Opportunities

Physical Risks
  • High heat days increasing operating costs and reducing productivity.
  • Flooding causing business interruption and asset damage.
  • Water shortages impacting operations.
Transition Risks
  • Increased pricing of GHG emissions.
  • Enhanced reporting obligations.
  • Exposure to litigation.
Opportunities
  • Development of energy-efficient products.

Reporting Standards

Frameworks Used: TCFD, CDP, GRI (future iterations), SASB (future iterations), UN Sustainable Development Goals (future iterations), UN Global Compact (future iterations)

Certifications: ISO 14001 (Routejade), ISO 9001 (Fab1, Routejade), UN38.3, IEC-62133-2:2017, UL1642, UL 2054 (Routejade), IEC-62133 (Routejade), BSMI (Routejade), KC (Routejade), RoHs (Routejade), PSE (Routejade), TISI (Routejade), BIS (Routejade)

Sustainable Products & Innovation

  • Next-generation lithium-ion battery with higher energy density and longer cycle life.

Reporting Period: Q2 2024

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Not disclosed

Environmental Achievements

  • Not disclosed

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed