Dragonfly Energy Holdings Corp. published its inaugural Environmental, Social and Governance (ESG) report that underscores the company’s commitment to sustainability, diversity, equity and inclusion. According to the company, it is committed to fostering a positive effect on the communities it serves and the environment.
Denis Phares, Dragonfly Energy CEO, said the company is motivated to revolutionize smart-energy storage and empower the change to a clean-energy future.
“Our commitment goes beyond innovation in lithium-ion battery technology,” Phares said. “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.”
The 2023-2024 ESG report’s highlights include:
- Sustainable battery cell manufacturing: The company’s dry electrode manufacturing process achieves 71% lower energy consumption during production stages compared with conventional methods. The process decreases the carbon footprint by 9% during cell production. The system eliminates toxic solvents and produces Per- and polyfluoroalkyl substance-free electrodes.
- Non-toxic battery pack products: The lithium iron phosphate battery packs provide safety and sustainability aspects, featuring cobalt-free materials that reduce emissions and provide cycle life.
- Workforce development and diversity: The company said it is committed to a diverse and inclusive workplace, with racial and ethnic minorities comprising 40% of the workforce. Dragonfly Energy invests in employee training and development, in addition to promoting equal opportunities with a promotion rate of over 25%.
- Community engagement: The business supports local and national initiatives, partnering with educational institutions, non-profit organizations and veterans’ groups.
- Ethical business practices: With its board of directors’ oversight, the company adheres to ethical standards to ensure transparency, accountability and responsible conduct.
