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Energy Vault Achieves Highest 2024 ESG Score Among Energy Storage Companies in its Industry to Date from S&P Global Ratings

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Energy Vault Holdings, Inc. (NYSE: NRGV) has achieved a Corporate Sustainability Assessment (CSA) score of 68 out of 100 in the 2024 S&P Global Environmental, Social, and Governance (ESG) Ratings. This represents a 36% increase from their 2023 rating, placing Energy Vault in the 98th percentile among 195 companies assessed in the Machinery and Electrical Equipment (IEQ) industry.

Energy Vault's score is the highest achieved by any energy storage company in the IEQ industry according to S&P Global's 2024 ESG Ratings to date. The company held the highest scores for Product Stewardship and Business Ethics as of September 2, 2024.

Energy Vault's sustainability roadmap aligns with the Science Based Targets Initiative (SBTi), Global Reporting Initiative (GRI), and Task Force on Climate-Related Financial Disclosures (TCFD). The company has committed to reducing absolute scope 1 and 2 GHG emissions by 50% by 2030 and achieving net-zero emissions by 2050.

Energy Vault Holdings, Inc. (NYSE: NRGV) ha ottenuto un punteggio di Valutazione della Sostenibilità Aziendale (CSA) di 68 su 100 nelle Valutazioni Ambientali, Sociali e di Governance (ESG) 2024 di S&P Global. Questo rappresenta un aumento del 36% rispetto al punteggio del 2023, posizionando Energy Vault nel 98° percentile tra 195 aziende valutate nel settore delle Macchine e Attrezzature Elettriche (IEQ).

Il punteggio di Energy Vault è il più alto ottenuto da qualsiasi azienda di stoccaggio energetico nel settore IEQ secondo i punteggi ESG 2024 di S&P Global fino ad oggi. L'azienda ha ottenuto i punteggi più alti per la Custodia dei Prodotti e l'Etica Aziendale al 2 settembre 2024.

La tabella di marcia per la sostenibilità di Energy Vault è allineata con l'Iniziativa sui Target Basati sulla Scienza (SBTi), l'Iniziativa di Reporting Globale (GRI) e il Gruppo di Lavoro sulle Dichiarazioni Finanziarie Relative al Clima (TCFD). L'azienda si è impegnata a ridurre le emissioni GHG assolute di portata 1 e 2 del 50% entro il 2030 e a raggiungere emissioni nette zero entro il 2050.

Energy Vault Holdings, Inc. (NYSE: NRGV) ha logrado una puntuación de Evaluación de Sostenibilidad Corporativa (CSA) de 68 sobre 100 en las Calificaciones Ambientales, Sociales y de Gobernanza (ESG) 2024 de S&P Global. Esto representa un aumento del 36% en comparación con su calificación de 2023, ubicando a Energy Vault en el percentil 98 entre 195 empresas evaluadas en la industria de Maquinaria y Equipos Eléctricos (IEQ).

La puntuación de Energy Vault es la más alta alcanzada por cualquier empresa de almacenamiento de energía en la industria IEQ según las Calificaciones ESG 2024 de S&P Global hasta la fecha. La empresa obtuvo las puntuaciones más altas en Gestión de Productos y Ética Empresarial hasta el 2 de septiembre de 2024.

La hoja de ruta de sostenibilidad de Energy Vault se alinea con la Iniciativa de Objetivos Basados en la Ciencia (SBTi), la Iniciativa de Reporte Global (GRI) y el Grupo de Trabajo sobre Divulgaciones Financieras Relacionadas con el Clima (TCFD). La empresa se ha comprometido a reducir las emisiones de GHG de alcance absoluto 1 y 2 en un 50% para 2030 y alcanzar emisiones netas cero para 2050.

에너지 볼트 홀딩스, Inc. (NYSE: NRGV)는 S&P 글로벌의 2024 환경, 사회 및 지배구조(ESG) 등급에서 100점 만점에 68점을 기록했습니다. 이는 2023년 등급에 비해 36% 증가한 수치로, 에너지 볼트를 기계 및 전기 장비(IEQ) 산업에서 195개 평가 기업 중 98번째 백분위수에 위치시킵니다.

에너지 볼트의 점수는 S&P 글로벌의 2024 ESG 등급에 따르면 IEQ 산업의 모든 에너지 저장 회사 중 가장 높은 점수입니다. 이 회사는 2024년 9월 2일 기준으로 제품 관리 및 비즈니스 윤리에서 가장 높은 점수를 기록했습니다.

에너지 볼트의 지속 가능성 로드맵은 과학 기반 목표 이니셔티브(SBTi), 글로벌 리포팅 이니셔티브(GRI) 및 기후 관련 재무 공개 작업 그룹(TCFD)과 일치합니다. 이 회사는 2030년까지 범위 1 및 2의 온실가스 배출을 50% 줄이고 2050년까지 탄소 중립을 달성하겠다는 목표를 세웠습니다.

Energy Vault Holdings, Inc. (NYSE: NRGV) a obtenu un score de 68 sur 100 dans le cadre de l'Évaluation de Durabilité d'Entreprise (CSA) pour les Évaluations Environnementales, Sociales et de Gouvernance (ESG) 2024 de S&P Global. Cela représente une augmentation de 36 % par rapport à leur note de 2023, plaçant Energy Vault dans le 98ème percentile parmi 195 entreprises évaluées dans l'industrie des Machines et Équipements Électriques (IEQ).

Le score d'Energy Vault est le plus élevé atteint par une entreprise de stockage d'énergie dans l'industrie IEQ selon les évaluations ESG de S&P Global 2024 à ce jour. L'entreprise a obtenu les meilleurs scores en matière de Gestion des Produits et d'Éthique des Affaires au 2 septembre 2024.

La feuille de route de durabilité d'Energy Vault s'aligne sur l'Initiative des Objectifs Scientifiques (SBTi), l'Initiative de Reporting Mondial (GRI), et le Groupe de Travail sur les Informations Financières Liées au Climat (TCFD). L'entreprise s'est engagée à réduire les émissions de GES de portée absolue 1 et 2 de 50 % d'ici 2030 et à atteindre des émissions nettes nulles d'ici 2050.

Energy Vault Holdings, Inc. (NYSE: NRGV) hat im Jahr 2024 eine Bewertung von 68 von 100 Punkten im Corporate Sustainability Assessment (CSA) für die Umwelt-, Sozial- und Unternehmensführung (ESG)-Bewertungen von S&P Global erreicht. Dies stellt einen Anstieg von 36% im Vergleich zu ihrer Bewertung 2023 dar und platziert Energy Vault im 98. Perzentil unter 195 bewerteten Unternehmen in der Maschinen- und Elektrogeräteindustrie (IEQ).

Der Punktestand von Energy Vault ist der höchste, der von einem Energiespeicherunternehmen in der IEQ-Industrie laut den bisherigen ESG-Bewertungen von S&P Global 2024 erreicht wurde. Das Unternehmen erzielte die höchsten Punktzahlen im Bereich Produktverantwortung und Unternehmensethik bis zum 2. September 2024.

Der Nachhaltigkeitsfahrplan von Energy Vault steht im Einklang mit der Science Based Targets Initiative (SBTi), der Global Reporting Initiative (GRI) und der Task Force on Climate-Related Financial Disclosures (TCFD). Das Unternehmen hat sich verpflichtet, die absoluten Treibhausgasemissionen der Bereiche 1 und 2 bis 2030 um 50 % zu reduzieren und bis 2050 Netto-Null-Emissionen zu erreichen.

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Energy Vault achieves a Corporate Sustainability Assessment (CSA) score of 68 (out of 100) according to S&P Global ESG Ratings, ranking in the 98th percentile of Machinery and Electrical Equipment (IEQ) industry companies to date

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, announced today it received a Corporate Sustainability Assessment (CSA) score of 68 (out of 100) as reported in the 2024 S&P Global Environmental, Social, and Governance (ESG) Ratings. This is the third time that the company has been evaluated by S&P, and represents a 36% (or 18-point) increase over the Company’s 2023 rating.

(Graphic: Business Wire)

(Graphic: Business Wire)

Among the 195 companies assessed to date in the IEQ industry, Energy Vault’s score ranks in the 98th percentile. Energy Vault’s score is the highest score achieved by any energy storage company in the IEQ industry according to S&P Global’s 2024 ESG Ratings to date. As of September 2, 2024, Energy Vault held the highest score for Product Stewardship and Business Ethics in the industry.

“We are proud to have been recognized by S&P Global for our commitment to ESG, which is woven into the fabric of everything we do at Energy Vault,” said Robert Piconi, CEO and Founder, Energy Vault. “This assessment affirms the leadership role that Energy Vault holds in the energy sector as it pertains to ESG, and we will continue to prioritize and expand our efforts to further improve. As a company, we remain dedicated to keeping sustainability at the heart of our day-to-day work as we continue to expand our global footprint in delivering turn-key energy storage systems and software to our customers around the world.”

“Our work is rooted in sustainable values, leveraging our products, solutions, and people to create a positive lasting impact on the world. We are pleased to see those efforts recognized today,” said Michael Van Parys, Director of Sustainability, Energy Vault. “We are building upon this result, pushing the limits of sustainability in the energy storage space and continuing our corporate mission to accelerate the transition to renewable energy.”

Energy Vault’s sustainability roadmap, which is influenced by analysis performed in alignment with the Science Based Targets Initiative (SBTi), the Global Reporting Initiative (GRI) and the Task Force on Climate-Related Financial Disclosures (TCFD), is centered on informing all levels of decision-making related to advancing low carbon economies and evaluating climate-related physical risks. In its first year as a public company, Energy Vault established a Sustainability Task Force (STF) to encourage the interdepartmental collaboration and cross-functional support required to embed sustainability into the nucleus of employee behavior. At the department level, Sustainability Task Force members are responsible for identifying functional sustainability metrics, setting sustainability goals, tracking ESG performance, and contributing to sustainability-related reporting.

Energy Vault remains steadfastly committed to reducing absolute scope 1 and 2 GHG emissions by 50% by 2030, and to achieve net-zero emissions by 2050, in keeping with the Paris Agreement. Energy Vault’s second annual Corporate Sustainability Report highlights early-stage data and 2023 activations of newly established sustainability infrastructure, systems, protocols, standards, and metrics from which the organization measures current and future success. That report can be accessed here.

About Energy Vault

Energy Vault® develops and deploys utility-scale energy storage solutions designed to transform the world's approach to sustainable energy storage. The Company's comprehensive offerings include proprietary gravity-based storage, battery storage, and green hydrogen energy storage technologies. Each storage solution is supported by the Company’s hardware technology-agnostic energy management system software and integration platform. Unique to the industry, Energy Vault’s innovative technology portfolio delivers customized short-and-long-duration energy storage solutions to help utilities, independent power producers, and large industrial energy users significantly reduce levelized energy costs while maintaining power reliability. Utilizing eco-friendly materials with the ability to integrate waste materials for beneficial reuse, Energy Vault’s G-Vault™ gravity-based energy storage technology is facilitating the shift to a circular economy while accelerating the global clean energy transition for its customers. Please visit www.energyvault.com for more information.

Forward-Looking Statements

This press release includes forward-looking statements that reflect the Company’s current views with respect to, among other things, the Company’s operations and financial performance. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies. These statements often include words such as “anticipate,” “expect,” “suggest,” “plan,” “believe,” “intend,” “project,” “forecast,” “estimates,” “targets,” “projections,” “should,” “could,” “would,” “may,” “might,” “will” and other similar expressions. We base these forward-looking statements or projections on our current expectations, plans, and assumptions, which we have made in light of our experience in our industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances at the time. These forward-looking statements are based on our beliefs, assumptions, and expectations of future performance, taking into account the information currently available to us. These forward-looking statements are only predictions based upon our current expectations and projections about future events. These forward-looking statements involve significant risks and uncertainties that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements, including changes in our strategy, expansion plans, customer opportunities, future operations, future financial position, estimated revenues and losses, projected costs, prospects and plans; the uncertainly of our awards, bookings and backlogs equating to future revenue; the lack of assurance that non-binding letters of intent and other indication of interest can result in binding orders or sales; the possibility of our products to be or alleged to be defective or experience other failures; the implementation, market acceptance and success of our business model and growth strategy; our ability to develop and maintain our brand and reputation; developments and projections relating to our business, our competitors, and industry; the ability of our suppliers to deliver necessary components or raw materials for construction of our energy storage systems in a timely manner; the impact of health epidemics, on our business and the actions we may take in response thereto; our expectations regarding our ability to obtain and maintain intellectual property protection and not infringe on the rights of others; expectations regarding the time during which we will be an emerging growth company under the JOBS Act; our future capital requirements and sources and uses of cash; the international nature of our operations and the impact of war or other hostilities on our business and global markets; our ability to obtain funding for our operations and future growth; our business, expansion plans and opportunities and other important factors discussed under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on March 13, 2024, as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC’s website at www.sec.gov. New risks emerge from time to time, and it is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. Any forward-looking statement made by us in this press release speaks only as of the date of this press release and is expressly qualified in its entirety by the cautionary statements included in this press release. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable laws. You should not place undue reliance on our forward-looking statements.

Energy Vault

Investors

energyvaultIR@icrinc.com

Media

media@energyvault.com

Source: Energy Vault Holdings, Inc.

FAQ

What ESG score did Energy Vault (NRGV) receive in the 2024 S&P Global ESG Ratings?

Energy Vault (NRGV) received a Corporate Sustainability Assessment (CSA) score of 68 out of 100 in the 2024 S&P Global ESG Ratings.

How does Energy Vault's 2024 ESG score compare to its previous rating?

Energy Vault's 2024 ESG score represents a 36% (or 18-point) increase over the company's 2023 rating.

What percentile does Energy Vault (NRGV) rank in its industry for the 2024 S&P Global ESG Ratings?

Energy Vault (NRGV) ranks in the 98th percentile among 195 companies assessed in the Machinery and Electrical Equipment (IEQ) industry.

What specific areas did Energy Vault (NRGV) score highest in for the 2024 S&P Global ESG Ratings?

As of September 2, 2024, Energy Vault (NRGV) held the highest scores for Product Stewardship and Business Ethics in its industry.

What are Energy Vault's (NRGV) emissions reduction targets?

Energy Vault (NRGV) has committed to reducing absolute scope 1 and 2 GHG emissions by 50% by 2030 and achieving net-zero emissions by 2050.

Energy Vault Holdings, Inc.

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