Energy Vault Issues 2024 Sustainability Report, Achieving the Highest S&P Global Rating in the Energy Storage Industry
Energy Vault (NYSE: NRGV) has released its 2024 Sustainability Report, achieving a significant milestone by securing the highest ESG ranking among energy storage companies from S&P Global Ratings. The company's ESG score increased by 37% from 2023, placing it in the 98th percentile of its reporting industry.
The report highlights Energy Vault's new Double Materiality Assessment, sustainability updates on projects and partnerships, and progress on sustainability infrastructure. The company received the 'Industry Mover' designation in S&P Global's Sustainability Yearbook for showing the strongest year-over-year improvement.
Energy Vault implements a Triple Bottom Line framework for product lifecycle strategies, focusing on financial, social, and environmental value. The company plans to update its science-based targets (SBTs) with the Science Based Targets Initiative (SBTi), addressing growing power demands from AI, data centers, and industrial electrification through its diverse technology portfolio.
Energy Vault (NYSE: NRGV) ha pubblicato il suo Rapporto di Sostenibilità 2024, raggiungendo un traguardo importante ottenendo il più alto punteggio ESG tra le aziende di stoccaggio energetico secondo S&P Global Ratings. Il punteggio ESG dell'azienda è aumentato del 37% rispetto al 2023, posizionandola nel 98° percentile del suo settore di riferimento.
Il rapporto evidenzia la nuova Valutazione di Doppia Materialità di Energy Vault, aggiornamenti sulla sostenibilità relativi a progetti e partnership, e i progressi nell'infrastruttura sostenibile. L'azienda ha ricevuto la designazione 'Industry Mover' nel Sustainability Yearbook di S&P Global per aver mostrato il miglioramento più significativo anno su anno.
Energy Vault applica un modello Triple Bottom Line per le strategie del ciclo di vita del prodotto, concentrandosi sul valore finanziario, sociale e ambientale. L'azienda prevede di aggiornare i suoi obiettivi basati sulla scienza (SBTs) con la Science Based Targets Initiative (SBTi), affrontando la crescente domanda energetica derivante da AI, data center ed elettrificazione industriale attraverso il suo portafoglio tecnologico diversificato.
Energy Vault (NYSE: NRGV) ha publicado su Informe de Sostenibilidad 2024, logrando un hito importante al obtener la calificación ESG más alta entre las empresas de almacenamiento energético según S&P Global Ratings. La puntuación ESG de la compañía aumentó un 37% respecto a 2023, situándola en el percentil 98 de su sector.
El informe destaca la nueva Evaluación de Doble Materialidad de Energy Vault, actualizaciones de sostenibilidad en proyectos y asociaciones, y avances en infraestructura sostenible. La empresa recibió la designación de 'Industry Mover' en el Sustainability Yearbook de S&P Global por mostrar la mayor mejora interanual.
Energy Vault implementa un marco Triple Bottom Line para las estrategias del ciclo de vida del producto, enfocándose en el valor financiero, social y ambiental. La empresa planea actualizar sus objetivos basados en la ciencia (SBTs) con la Science Based Targets Initiative (SBTi), abordando la creciente demanda energética proveniente de IA, centros de datos y electrificación industrial mediante su diverso portafolio tecnológico.
Energy Vault (NYSE: NRGV)는 2024년 지속 가능성 보고서를 발표하며 에너지 저장 기업 중 S&P Global Ratings에서 최고 ESG 등급을 획득하는 중요한 성과를 달성했습니다. 회사의 ESG 점수는 2023년 대비 37% 상승하여 해당 산업 내 98번째 백분위수에 위치했습니다.
보고서에는 Energy Vault의 새로운 이중 중요성 평가, 프로젝트 및 파트너십에 관한 지속 가능성 업데이트, 그리고 지속 가능성 인프라 진전 사항이 강조되어 있습니다. 회사는 연간 가장 큰 개선을 보인 점을 인정받아 S&P Global의 지속 가능성 연감(Sustainability Yearbook)에서 'Industry Mover'로 선정되었습니다.
Energy Vault는 제품 수명 주기 전략에 대해 재무적, 사회적, 환경적 가치를 중시하는 삼중 성과 지표(Triple Bottom Line) 프레임워크를 적용하고 있습니다. 또한 AI, 데이터 센터, 산업 전기화에서 증가하는 전력 수요에 대응하기 위해 과학 기반 목표(SBTs)를 Science Based Targets Initiative(SBTi)와 함께 업데이트할 계획입니다.
Energy Vault (NYSE : NRGV) a publié son Rapport de Durabilité 2024, atteignant une étape importante en obtenant la meilleure note ESG parmi les entreprises de stockage d’énergie selon S&P Global Ratings. Le score ESG de la société a augmenté de 37% par rapport à 2023, la plaçant dans le 98e percentile de son secteur.
Le rapport met en avant la nouvelle Évaluation de Double Matérialité d’Energy Vault, les mises à jour sur la durabilité des projets et partenariats, ainsi que les progrès réalisés en matière d’infrastructures durables. L’entreprise a reçu la désignation « Industry Mover » dans le Sustainability Yearbook de S&P Global pour avoir montré la plus forte amélioration annuelle.
Energy Vault applique un cadre Triple Bottom Line pour les stratégies du cycle de vie des produits, en se concentrant sur la valeur financière, sociale et environnementale. La société prévoit de mettre à jour ses objectifs basés sur la science (SBTs) avec la Science Based Targets Initiative (SBTi), répondant à la demande croissante d’énergie liée à l’IA, aux centres de données et à l’électrification industrielle grâce à son portefeuille technologique diversifié.
Energy Vault (NYSE: NRGV) hat seinen Nachhaltigkeitsbericht 2024 veröffentlicht und dabei einen bedeutenden Meilenstein erreicht, indem es die höchste ESG-Bewertung unter Energiespeicherunternehmen von S&P Global Ratings erhalten hat. Der ESG-Score des Unternehmens stieg im Vergleich zu 2023 um 37% und liegt damit im 98. Perzentil seiner Branche.
Der Bericht hebt Energy Vaults neue Doppel-Materialitätsbewertung, Nachhaltigkeitsupdates zu Projekten und Partnerschaften sowie Fortschritte bei der nachhaltigen Infrastruktur hervor. Das Unternehmen erhielt die Auszeichnung 'Industry Mover' im Sustainability Yearbook von S&P Global für die stärkste Verbesserung im Jahresvergleich.
Energy Vault setzt einen Triple Bottom Line-Ansatz für Produktlebenszyklusstrategien um, der finanzielle, soziale und ökologische Werte berücksichtigt. Das Unternehmen plant, seine wissenschaftsbasierten Ziele (SBTs) mit der Science Based Targets Initiative (SBTi) zu aktualisieren, um den steigenden Energiebedarf durch KI, Rechenzentren und industrielle Elektrifizierung mit seinem vielfältigen Technologieportfolio zu decken.
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Energy Vault achieved the highest ESG ranking above all other energy storage companies in its industry by S&P Global Ratings; ESG score from S&P Global Ratings increased
Energy Vault shares updates related to a 2024 Double Materiality Assessment on the company, delivered projects, innovative partnerships and strong progress against 2023 activations of sustainability strategy and transparency
Energy Vault Issues 2024 Sustainability Report
The report demonstrates Energy Vault’s commitment to providing transparency and progress on material non-financial sustainability & Environmental, Social, and Governance metrics. In its third annual Corporate Sustainability Report, Energy Vault shares a new Double Materiality Assessment conducted in 2024, sustainability updates related to projects and partnerships, and the Company’s strong progress against 2023 activations of newly established sustainability infrastructure, systems, protocols, standards, and metrics. The report also previews plans to update the Company’s science-based targets (SBTs) and set long-term SBTs with the Science Based Targets Initiative (SBTi).
As a testament to the Company’s deep commitment to prioritizing sustainability throughout its operations, in 2024 Energy Vault’s S&P Global Ratings ESG score increased by
“As the world grapples with the increasing challenges of climate change, the transition to renewable energy remains our greatest tool for turning the tide,” said Robert Piconi, Chairman and CEO, Energy Vault. “The clean energy transition is facing challenges to meet demand brought on by an explosive growth in AI, data centers, and industrial electrification. Energy Vault’s diverse technology portfolio offers unparalleled flexibility to couple with the wide range of energy generation sources that are required to meet the growing power demand, including fossil fuel hybrid solutions, to minimize environmental impact. Core to our efforts to lead in the energy storage sector is our focus on sustainability and we’re thrilled to become the highest-ranking energy storage company in our industry as measured by S&P Global Ratings ESG score. This recognition makes clear that the efforts of Energy Vault’s Sustainability team are bringing success not only to the Company, but also to the world as we collectively work to address climate change.”
“Sustainability is engrained in everything we do at Energy Vault, and we are committed to both pushing the limits of sustainability in the energy storage space and continuing our corporate mission to accelerate the transition to renewable energy,” said Michael Van Parys, Director of Sustainability, Energy Vault. “We are fortunate to have the top-down and bottom-up combination of an executive management team that prioritizes sustainability and a workforce that truly cares about making a positive impact on the world, and we’re looking forward to continue the important progress we’ve made over the past three years.”
Energy Vault invites all of its stakeholders across the world to read its 2024 Sustainability Report at the following link: https://www.energyvault.com/sustainability
About Energy Vault
Energy Vault® develops, deploys and operates utility-scale energy storage solutions designed to transform the world's approach to sustainable energy storage. The Company's comprehensive offerings include proprietary battery, gravity and green hydrogen energy storage technologies supporting a variety of customer use cases delivering safe and reliable energy system dispatching and optimization. Each storage solution is supported by the Company’s technology-agnostic energy management system software and integration platform. Unique to the industry, Energy Vault’s innovative technology portfolio delivers customized short, long and multi-day/ultra-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. 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.
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Source: Energy Vault Holdings, Inc.
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