NOVONIX Limited.
NVX.US | Manufacture of other general-purpose machinery
NOVONIX Limited is a battery technology and materials company. It focuses on the development and supply of high-performance materials, equipment, and services for the lithium-ion battery industry. The company's primary activities include the manufacturing and sale of battery materials such as synthe...Show More
Better Health for All
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NOVONIX's core products, battery materials, offer substantial indirect health benefits by significantly reducing environmental impact compared to conventional alternatives, including an approximate 60% lower global warming potential and 65% less wastewater.
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The company has an outstanding safety record, with zero fatalities in 2022 and 2023, and a Lost Time Incident Rate of 0 for its NAM facility in 2022, 2023, and 2024.
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Its UHPC equipment business has had no incidents of non-compliance, product recall, or product safety litigation since 2013.
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The company has not received any substantiated complaints concerning breaches of customer privacy or regulatory bodies, nor experienced material cyber incidents.
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However, residents have raised concerns about potential pollutants from new facilities.
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NOVONIX's efforts to reach vulnerable populations include partnerships with the American Job Center to recruit veterans and individuals from disadvantaged communities, hosting job fairs, and collaborating with Project Return to hire formerly incarcerated individuals.
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The company pledged $25,000 to the NOVONIX Diversity in Chemistry Fund.
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NOVONIX has a confidential ethics and compliance hotline and a Whistleblower Policy for reporting violations.
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The company has wellness rooms at its BTS locations.
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NOVONIX partners with Hamilton County Schools to create the NOVONIX Institute of Advanced Battery Technology.
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Fair Money & Economic Opportunity
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No evidence available to assess NOVONIX Limited on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
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The provided article focuses on NOVONIX's pursuit of tax incentives and associated challenges, and does not contain any specific, concrete data points related to fair pay, worker respect, or any of the defined KPIs for this value.
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Fair Trade & Ethical Sourcing
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The company does not directly audit mines, smelters, or refiners, indicating no supply-chain audits are conducted.
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NOVONIX intends to adopt a supplier code of conduct, but currently, 0% of supplier contracts include enforceable ethical-sourcing clauses.
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Less than 1% of the procurement budget is directed to local, indigenous, or minority suppliers, with a $25,000 pledge to a diversity fund over three years, which is not a procurement budget allocation.
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Honest & Fair Business
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No evidence available to assess NOVONIX Limited on Honest & Fair Business.
Kind to Animals
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No evidence available to assess NOVONIX Limited on Kind to Animals.
No War, No Weapons
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NOVONIX Limited's 2024 Conflict Minerals Report indicates that approximately 87% (369 out of 424) of identified smelters or refiners in its supply chain were deemed compliant or active by the Responsible Minerals Initiative (RMI).
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The company relies on supplier information and uses the RMI Conflict Minerals Reporting Template (CMRT) for due diligence.
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No independent private sector audit was performed to verify this information.
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Planet-Friendly Business
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NOVONIX's total Scope 1, 2, and 3 greenhouse gas emissions for 2024 were 43,010.6 tCO₂e.
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This represents a 63.58% reduction compared to the 2023 Scope 1 and 2 emissions of 118,086 tCO₂e (2023 Scope 3 was not disclosed).
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The company's all-dry cathode synthesis process is described as essentially zero waste.
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A Life Cycle Assessment (LCA) was conducted for the GX-23 synthetic graphite product in May 2022.
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NOVONIX reported no environmental compliance violations in 2023.
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Respect for Cultures & Communities
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No evidence available to assess NOVONIX Limited on Respect for Cultures & Communities.
Safe & Smart Tech
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NOVONIX has reported no material cyber incidents or data breaches to date, nor any substantiated complaints concerning breaches of customer privacy from outside parties or identified leaks, thefts, or losses of customer data.
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The company utilizes 24/7 internal and external security monitoring services and has embedded cybersecurity risk management within its enterprise risk management framework.
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Its privacy policy, last updated December 21, 2020, states compliance with GDPR and CCPA.
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Users can access, update, and request deletion of their data within account settings.
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Zero Waste & Sustainable Products
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NOVONIX has integrated circular design principles into its core processes, with its all-dry, zero-waste cathode synthesis technology aiming to eliminate waste and reduce resource consumption.
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The company also recycles a co-product of high purity, ultra-fine carbon back into anode material production and is engineering inert gas exhaust recycling systems to capture over 90% for reuse.
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Multiple waste reduction initiatives are in place, including the all-dry, zero-waste cathode synthesis process, which aims to eliminate sodium sulfate byproduct and reduce other waste streams.
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The anode production process uses no chemical purification and achieves nearly 100% yield through Generation 3 Furnaces.
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For hazardous waste, NOVONIX has a training program for employees, a program for new chemical additions, and tracks and records all hazardous waste monthly, engaging contractors for disposal.
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BTS R&D labs subscribe to various recycling programs for gloves, battery cells, and foils, and cathode washing water is handled in a closed system.
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The company believes its synthetic graphite leads to longer service life batteries, and its anode material outperforms others in cycle life.
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Annual waste audits are conducted for major facilities, and daily electricity consumption monitoring began in 2022.
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The company's Generation 3 Furnaces are approximately three times more energy efficient than traditional graphitization technology, achieving nearly 100% yield.
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NOVONIX aims for a "zero-waste" cathode synthesis process and to "practically eliminate waste byproduct generation."
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However, it has not yet adopted a supplier code of conduct, only intending to do so as part of future supply chain development.
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