Inaugural ESG Report
Annual Sustainability
Report 2024
Baseline ESG Framework & Strategic Commitments for a Sustainable Future
Executive Summary
Our ESG Foundation
This inaugural report establishes NDB's Environmental, Social, and Governance (ESG) framework as we prepare to transition from R&D to commercial operations.
2024 marks our foundation year for ESG reporting. We recognize that sustainable practices must be embedded from day one as we develop our technology and prepare for future operations.
This report outlines our ESG governance structure, baseline policies, and forward-looking targets. It reflects our commitment to transparency and accountability as we scale toward production launch (targeted 2030).
Note on Reporting: This inaugural report focuses on framework establishment, policy development, and target-setting. Future reports will include quantitative performance data as operations scale.
Stakeholder Engagement
Materiality Assessment
We have identified the following ESG priorities through stakeholder consultation with investors, scientific advisors, and regulatory bodies.
Environmental
- Nuclear waste recycling & circular economy
- Carbon footprint reduction (Scope 1, 2, 3 planning)
- Elimination of battery waste through long-life products
- Climate change mitigation (Climate Pledge signatory)
Social
- Workplace safety & health (nuclear materials handling)
- Diversity, equity, and inclusion
- Human rights across supply chain
- Community engagement & education
Governance
- Board oversight & sustainability committee structure
- Ethics, anti-corruption, and compliance
- Regulatory compliance (IAEA, NRC, ISO standards)
- Transparent reporting & stakeholder engagement
Innovation Impact
- Product safety & radiation shielding efficacy
- Alignment with UN Sustainable Development Goals
- Technology access & energy equity in underserved regions
- End-of-life product stewardship
Environmental
2024 Baseline & Future Targets
Our 2024 environmental footprint is minimal (office operations only). Below we establish our baseline and future operational targets.
Office operations and R&D activities.
Committed to 100% renewable energy at all planned manufacturing facilities from Day 1 of operations.
10 years ahead of Paris Agreement. Scope 1, 2, and 3 neutrality.
Future Operational Targets (Post-Launch)
By 2033 (Year 3 of Operations)
- • 1,000+ tons nuclear waste recycled annually
- • 95% water recycling rate at all facilities
- • <0.1% manufacturing waste to landfill
- • ISO 14001 certification achieved
By 2040 (Net-Zero Target)
- • 2.4M tons CO₂e avoided per year
- • 100,000+ tons waste recycled cumulatively
- • 15B+ batteries saved from landfills
- • Carbon-neutral supply chain achieved
Social
Workforce & Community
Our team is small but diverse. We are committed to building an inclusive, safe, and equitable workplace as we scale.
Diverse team spanning multiple continents and cultures with expertise across physics, chemistry, engineering, and business.
Zero workplace incidents. Safety-first culture from day one.
Diversity, Equity & Inclusion Commitments
- • Target 50% women in leadership roles by 2030 (currently building pipeline)
- • Equal pay for equal work policy implemented across all levels
- • Unconscious bias training for all hiring managers (planned 2025)
- • Partnerships with STEM diversity programs to build talent pipeline
Health & Safety Framework
- • Comprehensive EH&S policies developed in alignment with IAEA and ISO 45001 standards
- • Radiation safety training protocols designed (to be implemented pre-manufacturing)
- • Mental health support and wellness programs for all employees
- • Target: ISO 45001 certification by 2032 (Year 2 of operations)
Governance
ESG Governance Structure
Strong governance underpins all ESG activities. Our Sustainability Committee oversees strategy and performance.
Sustainability Committee
Established in 2024, chaired by the CEO, and includes representatives from legal, operations, and R&D.
- Quarterly meetings to review ESG performance and risks
- Annual reporting to Board of Directors on ESG matters
- Authority to approve sustainability policies and targets
Ethics & Compliance
- Code of Conduct adopted and distributed to all personnel
- Whistleblower hotline established (anonymous reporting available)
- Anti-corruption policy aligned with FCPA and UKBA
- Annual ethics training planned for all employees (2025+)
2024 Governance Achievements
Q1 2024
Established Sustainability Committee; appointed Chief Compliance Officer
Q2 2024
Adopted Code of Conduct, Anti-Corruption Policy, and Supplier Code of Conduct
Q3 2024
Completed materiality assessment; identified priority ESG topics
Q4 2024
Published inaugural Annual Sustainability Report; set 2030 and 2040 targets
2025-2030 Roadmap
Strategic ESG Targets
Our ESG targets align with our business milestones and reflect ambitious but achievable commitments.
Foundation Year
- • Complete Scope 3 emissions baseline (supply chain mapping)
- • Achieve B Corp assessment eligibility (score target: 80+)
- • Publish first TCFD-aligned climate risk disclosure
- • Launch NDB Foundation community engagement programs
Pre-Commercial Phase
- • Secure site for first manufacturing facility (renewable energy priority)
- • Finalize all EH&S protocols and training programs for production
- • Achieve gender parity in technical hiring (50% women)
- • Obtain ISO 14001 pre-certification readiness
Production Launch
- • Begin manufacturing with 100% renewable energy from Day 1
- • Achieve ISO 14001 and ISO 45001 certifications within 12 months
- • Launch life-cycle assessment (LCA) for all product lines
- • 50% women in leadership roles; diverse Board representation
Net-Zero Target
- • Achieve net-zero carbon emissions (Scope 1, 2, and 3)
- • 100,000+ tons nuclear waste recycled cumulatively
- • 2.4M tons CO₂e avoided annually through product displacement
- • Recognized as global leader in sustainable energy innovation
Reporting Standards
Methodology & Assurance
Reporting Framework: This report has been prepared with reference to the Global Reporting Initiative (GRI) Standards (2021) and the Sustainability Accounting Standards Board (SASB) standards for the Hardware industry.
Reporting Boundary: This report covers NDB, Inc. and its consolidated subsidiaries for the calendar year 2024 (January 1 – December 31, 2024).
Third-Party Assurance: As a pre-revenue company, we have not pursued external assurance for this inaugural report. We commit to obtaining limited assurance for our 2027 report and reasonable assurance by 2030.
Forward-Looking Statements: This report contains forward-looking targets and projections. Actual results may differ due to technological, regulatory, or market factors beyond our control. We will provide transparent updates in future reports.
Alignment with Standards
GRI Standards (Core Option)
Universal and topic-specific disclosures as applicable to pre-operational entity
SASB Hardware Standards
Product lifecycle management, materials sourcing, energy management
UN SDGs
Aligned with Goals 7, 9, 11, 12, 13, and 17
The Climate Pledge
Net-zero carbon by 2040 commitment
Contact & Feedback
We welcome feedback on this report and our ESG approach.
"Sustainability is not an afterthought—it is the foundation upon which we build our technology, our company, and our future."
— NDB Leadership Team, December 2024