Nuvve Holding Corp..
NVVE.US | Architectural and engineering activities and related technical consultancy
Nuvve Holding Corp. is a global technology leader enabling grid-integrated electric vehicle (EV) charging solutions. The company develops and provides vehicle-to-grid (V2G) technology, which allows EVs to not only draw power from the grid but also send power back to it. This bidirectional charging c...Show More
Better Health for All
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Nuvve's core business, vehicle-to-grid (V2G) technology for electric vehicles, is entirely devoted to health improvement. Its solutions enable the replacement of diesel school buses with zero-emission electric alternatives, leading to cleaner air and healthier communities.
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This technology also aims to reduce reliance on gas-fired peaker power plants and improve grid reliability for essential services like hospitals.
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The company's projects specifically target vulnerable populations; for example, Lawrence Public Schools serves 13,000 students in a community vulnerable to poor air quality, and Fresno EOC uses electric buses to transport underserved populations to work, school, and medical appointments, and deliver meals.
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The company's operations generate positive health externalities by reducing carbon emissions; for instance, 25 electric school buses for Lawrence Public Schools are estimated to reduce carbon emissions by 1.35 million pounds per year.
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In Fresno, the project will employ approximately 80% of the required workforce from local residents and provide education and hands-on training on energy and solar projects, which is a substantial support for the local workforce.
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Fair Money & Economic Opportunity
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Nuvve Holding Corp. is a technology company focused on electric vehicle charging and vehicle-to-grid solutions, not a financial institution that offers lending or deposit services to consumers. Therefore, KPIs related to consumer financial products, such as underserved client share, pricing fairness, exploitative fee exposure, inclusion initiatives, customer financial data accessibility, fair lending compliance, wealth building outcomes for customers, profit reinvestment in community finance, financial literacy initiatives, debt burden ratio, geographic inclusion for financial services, and product simplicity for financial products, are not applicable to its core business model. The company's statement about 'supporting energy equity in an electrified world' is a general mission statement and does not provide specific data for any of the financial inclusion KPIs.
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Fair Pay & Worker Respect
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No information was provided in the articles regarding Nuvve Holding Corp.'s performance on living wage coverage, CEO to median employee pay ratio, collective bargaining share, safety incident rate, pay equity ratio, worker engagement score, voluntary employee turnover rate, labor violation incidents, insecure contract share, or health insurance coverage for its workforce.
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Therefore, no assessment can be made against the 'Fair Pay & Worker Respect' value.
Fair Trade & Ethical Sourcing
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No specific, concrete data points were found in the provided articles to assess Nuvve Holding Corp. against any of the Fair Trade & Ethical Sourcing KPIs. Information regarding fair-trade certifications, audit frequency, forced or child labor incidents, supply chain traceability, remediation speed, ethical clause coverage in supplier contracts, share of spend on high-risk materials, or supplier diversity spend was not available.
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Articles either explicitly stated a lack of relevant information, were inaccessible, or referred to a different company (NuVasive, Inc.). One article discussed general industry risks for carmakers regarding aluminum sourcing, but this was not directly linked to Nuvve's specific operations or supply chain.
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Honest & Fair Business
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Nuvve Holding Corp. had one financial restatement on March 28, 2023, due to a re-evaluation of accounting for the issuance of warrants, which led to the reclassification of certain warrants as liabilities and the restatement of financial statements for previous periods.
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The company has a Whistleblower Policy, adopted March 22, 2021, and revised December 19, 2023.
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It provides multiple reporting mechanisms, including a third-party hotline (EthicsPoint), email, and letter, and accepts anonymous statements.
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All concerns are recorded in a company log that tracks their receipt, investigation, and resolution, with the audit committee reviewing this log quarterly.
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Kind to Animals
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Nuvve Holding Corp. is a technology company focused on electric vehicle charging solutions, hardware, software, and energy management. The provided articles do not contain any specific information or data points regarding Nuvve's involvement in animal testing, animal-derived products, animal agriculture, or wildlife conservation initiatives.
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Therefore, there is no evidence to score any of the 'Kind to Animals' KPIs for this company.
No War, No Weapons
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No specific, concrete data points were found across the provided articles to assess Nuvve Holding Corp. against the 'No War, No Weapons' ethical value. The articles primarily discuss the company's V2G technology, commercial terms, board appointments, or general sustainability data availability, none of which provide quantifiable evidence for the defined KPIs related to arms, defense, or conflict-related activities. Article 2 refers to NuVasive, Inc., which is a different company, and its conflict minerals policy does not apply to Nuvve Holding Corp.
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Planet-Friendly Business
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No specific, concrete data points were found across the provided articles for any of the Planet-Friendly Business KPIs. The articles primarily focus on company projects, partnerships, and product launches, without disclosing environmental performance metrics such as emissions, renewable energy usage, water consumption, waste diversion, or climate targets.
Respect for Cultures & Communities
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No evidence available to assess Nuvve Holding Corp. on Respect for Cultures & Communities.
Safe & Smart Tech
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Nuvve Holding Corp. states it has not disclosed or sold any personal information to third parties for a business or commercial purpose in the preceding twelve months.
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The company acknowledges that no electronic transmission or storage is 100% secure and does not warrant that its software will be error-free or secure.
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It implements organizational and technical security measures.
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Nuvve may automatically install patches, bug fixes, and updates to improve software performance.
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The company collects personal information voluntarily provided by users, automatically collected data, and may collect sensitive information (biometric data) and geolocation data with consent.
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It retains personal information only as long as necessary for stated purposes, with no purpose requiring retention longer than the period users have an account, but may retain some information for fraud prevention, troubleshooting, investigations, legal terms, and compliance.
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Nuvve complies with GDPR, UK GDPR, Canadian privacy laws, and CCPA.
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However, it does not currently respond to Do-Not-Track browser signals.
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Users have rights to access, rectify, erase, restrict processing, and data portability, and can opt out of marketing communications.
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California residents under 18 can request removal of publicly posted data.
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Despite these user rights, Nuvve's End User License Agreement states that Nuvve owns exclusive rights to all Usage Data and is entitled to its unrestricted use and dissemination for any purpose, commercial or otherwise, though it will engage in commercially reasonable efforts to de-identify, anonymize, or aggregate personally identifiable Usage Data prior to use or dissemination unless required by law.
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Zero Waste & Sustainable Products
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No specific, concrete evidence was found in the provided articles to assess Nuvve Holding Corp. against any of the Key Performance Indicators for the 'Zero Waste & Sustainable Products' ethical value. The articles primarily focus on the company's V2G technology, grid services, partnerships, and general sustainability goals related to carbon reduction and renewable energy, rather than waste management, product recyclability, or circular design principles specific to Nuvve's operations or products.