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ENNOVI Unveils 2024 Sustainability Report Amidst Outstanding Achievements

ENNOVI has released its 2024 Sustainability Report, showcasing an outstanding year characterized by external acknowledgments that underscore its commitment to sustainability, transparency, and governance. Notably, the company has achieved a Platinum medal from EcoVadis for the fifth consecutive year, a B rating for climate change and water security, and a B- for supplier engagement according to the CDP scoring framework. Additionally, ENNOVI has received the Gold medal for the best sustainability report among private companies in Asia at the 10th Asia Sustainability Reporting Awards.

Stefan Rustler, the CEO of ENNOVI, emphasizes that the company’s relentless focus on responsible operations, enhanced transparency, and measurable progress in global operations forms the bedrock of ENNOVI’s culture. He stated, “From climate and energy management to safety and human rights, we integrate sustainability into our business practices and support our customers. Although our sustainability report is a significant milestone in this journey, it is the dedication of our teams to this objective that has driven us to achieve these recognitions.”

In a further statement, the Head of Sustainability at ENNOVI, Nantha Kumar Chandran, remarked on the substantial progress reflected in this year's report: “This edition represents a significant advancement in the depth and consistency of our sustainability reporting.” The report features their fourth Task Force on Climate-related Financial Disclosures (TCFD) report, the first report on human rights, and third-party verified data on scope 1, 2, and 3 emissions, reinforcing systems, data quality, and governance required to manage sustainability performance across global operations.

The report adhered to various internationally recognized frameworks and principles including:

• - GRI Standards
• - SASB Standards
• - TCFD Recommendations
• - GHG Protocol
• - UNGC’s Ten Principles
• - UN Sustainable Development Goals (SDGs)

Among its significant highlights, ENNOVI reports that 40% of its global workforce consists of women, reflecting the company's ongoing commitment to diversity and inclusion. Furthermore, 100% of its major suppliers have sustainability clauses embedded within their contracts, promoting responsible sourcing throughout its value chain.

The report also includes case studies that illustrate initiatives aimed at emissions reductions within ENNOVI's manufacturing operations, showcasing tangible actions such as energy efficiency measures, renewable energy adoption, and process optimization.

To explore the detailed findings and achievements outlined in the report, interested parties can download ENNOVI's 2024 Sustainability Report at ennovi.com/sustainability.

About ENNOVI

ENNOVI specializes in designing and manufacturing products and solutions for electric battery platform development, power components, and signal interconnection design solutions. With decades of experience in electromechanical engineering and high-precision manufacturing, the company collaborates with both equipment manufacturers and suppliers to bring innovative ideas to fruition. As a solutions provider for interconnections, ENNOVI accelerates the development process for its clients by offering comprehensive end-to-end manufacturing capabilities, from research and development to production, design, and tooling. For more information, visit ennovi.com.