QuantumScape Publishes Inaugural Environmental, Social and Governance Report

Rhea-AI Summary

QuantumScape Corporation (NYSE: QS) has released its inaugural 2021 Environmental, Social, and Governance (ESG) report, emphasizing its commitment to reducing global greenhouse gas emissions from transportation. CEO Jagdeep Singh highlighted the importance of integrating ESG into the company's strategy. The report outlines QuantumScape's environmental stewardship, social responsibility, and governance practices, aligning with the United Nations Sustainable Development Goals. This initiative is aimed at benefiting employees, customers, partners, investors, and communities.

SAN JOSE, Calif.--(BUSINESS WIRE)-- QuantumScape Corporation (NYSE: QS), a leader in the development of next-generation solid-state lithium-metal batteries for use in electric vehicles and other applications, today published its 2021 Environmental, Social and Governance (ESG) report.

“Since our founding, QuantumScape’s been on a mission to make a positive impact on the environment by helping to meaningfully reduce global greenhouse gas emissions from the transportation sector,” said Jagdeep Singh, QuantumScape founder and CEO. “Incorporating ESG considerations into our business strategy is essential to our success, so we are pleased to present our first annual ESG report as a public company.”

The report covers QuantumScape’s approach to environmental stewardship, social responsibility and corporate governance. The company’s ESG strategy focuses on issues most relevant to its business and that serve the long-term interests of its employees, customers, partners, investors and the communities in which it operates. QuantumScape aligned its ESG framework with the United Nations Sustainable Development Goals where it is positioned to make the most significant contributions.

To read the full report, please visit https://www.quantumscape.com/esg/.

About QuantumScape Corporation

QuantumScape is on a mission to transform energy storage with solid-state lithium-metal battery technology. The company’s next-generation batteries are designed to enable longer range, faster charging and enhanced safety in electric vehicles to support the transition away from legacy energy sources toward a lower carbon future. For more information, visit www.quantumscape.com.

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Source: QuantumScape Corporation

FAQ

What does QuantumScape's 2021 ESG report cover?

QuantumScape's 2021 ESG report details its strategies for environmental stewardship, social responsibility, and corporate governance, aligned with the UN Sustainable Development Goals.

Who is the CEO of QuantumScape Corporation?

The CEO of QuantumScape Corporation is Jagdeep Singh.

When was QuantumScape's ESG report published?

QuantumScape's ESG report was published in 2021.

What is the significance of QuantumScape's ESG report for investors?

The ESG report signifies QuantumScape's commitment to sustainability, which may enhance its long-term value and appeal to socially responsible investors.