Dragonfly Energy Holdings Corp. announced the publication of its inaugural Environmental, Social and Governance (ESG) report.
This comprehensive report underscores the company’s commitment to sustainability, diversity, equity and inclusion, as well as its dedication to fostering a positive impact on the environment and communities it serves.
Key highlights from the 2023/2024 ESG Report:
- Sustainable Battery Cell Manufacturing: Dragonfly Energy’s innovative dry electrode manufacturing process significantly reduces environmental impacts, achieving 71% lower energy consumption during key production stages compared to conventional methods and a 9% decrease in carbon footprint during cell production. Additionally, the process eliminates the use of toxic solvents and has successfully demonstrated the ability to produce PFAS-free electrodes.
- Non-Toxic Battery Pack Products: The company’s lithium iron phosphate (LiFePO4) battery packs are designed for safety and sustainability, featuring non-toxic, cobalt-free materials that eliminate harmful emissions and offer exceptional cycle life.
- Workforce Development and Diversity: The company is committed to creating a diverse and inclusive workplace, with racial and ethnic minorities accounting for 40% of the workforce. The company actively invests in employee training and development and promoting equal opportunities for all with a promotion rate of more than 25% within the company.
- Community Engagement: Dragonfly Energy actively supports numerous local and national initiatives, partnering with educational institutions, nonprofit organizations and veterans’ groups to make a positive impact.
- Ethical Business Practices: With the oversight of a diverse and experienced board of directors, the company adheres to the highest ethical standards, ensuring transparency, accountability, and responsible business conduct.
“At Dragonfly Energy, we’re driven by the mission to revolutionize smart energy storage and empower the transition to a clean energy future,” Denis Phares, CEO of Dragonfly Energy, said. “Our commitment goes beyond innovation in lithium-ion battery technology; we prioritize safety, sustainability and ethical manufacturing practices that minimize environmental impact. By combining our dedication to domestic production with rigorous standards for environmental stewardship and safety, we aim to create a meaningful and positive impact on both the economy and the environment, aligned with our core values of responsibility and integrity.”
To learn more about Dragonfly Energy’s commitment to sustainability and to access the full 2023/2024 ESG report, please visit investors.dragonflyenergy.com.