Climate Change Data

NOVONIX Limited

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:2,086 tonnes of CO₂ (Scope 1) + 116,000 tonnes of CO₂e (Scope 2) annually at full capacity (Riverside facility)
Scope 1 Emissions:2,086 tonnes of CO₂ annually at full capacity (Riverside facility)
Scope 2 Emissions:116,000 tonnes of CO₂e annually at full capacity (Riverside facility)
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Approximately 60% carbon-free power generation from TVA (Riverside facility)
Total Energy Consumption:Data not explicitly provided
Water Consumption:Significantly reduced due to closed-loop cooling systems (NAM)
Waste Generated:Minimal waste generated; co-products recycled or used in other applications.
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Greenhouse Gas Emissions
  • Workforce Health & Safety
  • Business Ethics
  • Energy Management
  • Product Safety
  • Employee Engagement
  • Air Quality
  • Waste and Hazardous Waste Management
  • Environmental Impact in the Supply Chain
  • Cybersecurity /Data Protection

Environmental Achievements

  • Developed Generation 3 Continuous Induction Graphitization Furnaces, resulting in approximately 60% lower global warming potential (GWP) for synthetic graphite compared to Chinese alternatives.
  • Developed all-dry, zero-waste cathode synthesis technology, potentially reducing power consumption by 25% and practically eliminating waste byproduct generation.

Social Achievements

  • Company-wide safety training completion rate of 99% in 2023.
  • 80% workforce participation in the 2023 employee engagement survey.
  • Established the NOVONIX Diversity in Chemistry Fund at Dalhousie University.

Governance Achievements

  • Adopted a Code of Conduct, Whistleblower Policy, Clawback Policy, and Anti-Bribery and Anti-Corruption Policy.
  • Established an ESG Committee comprised of leaders from across business divisions and corporate functions.

Climate Goals & Targets

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

Environmental Challenges

  • Scaling commercial production of synthetic graphite while maintaining sustainability.
  • Developing and implementing a robust ESG program in the early stages of business.
  • Managing supply chain risks and ensuring responsible sourcing of materials.
Mitigation Strategies
  • Collaborating with partners like Phillips 66 to develop lower-carbon-intensity feedstocks.
  • Engaging a third-party ESG advisor to guide materiality assessment and program development.
  • Prioritizing North American-sourced equipment to enhance supply chain visibility and control.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Prioritizing North American-sourced equipment; collaboration with Phillips 66 on lower-carbon-intensity feedstocks.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Development of energy-efficient products and processes

Reporting Standards

Frameworks Used: GRI, SASB, UN Development Goals

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Generation 3 Continuous Induction Graphitization Furnaces
  • All-dry, zero-waste cathode synthesis technology

Awards & Recognition

  • BTS nominated for Divert NS Mobius Award