Rocket Lab Releases ESG Impact Report
August 24 2022 - 5:11PM
Business Wire
Rocket Lab USA, Inc (Nasdaq: RKLB), a leading launch and space
systems company, today released its Impact report, highlighting
Rocket Lab’s commitment to make it faster, easier, and more
affordable to access space, and the company’s efforts and successes
in its environmental, social, and governance (ESG) priorities.
Rocket Lab founder and CEO, Peter Beck, says: “We’ve achieved
some incredible things in our first year as a public company.
Through our Impact report we detail the successes we’ve had in our
ESG initiatives and programs, the progress we’ve made, and the
shape of our ambition in those areas for the future. I am proud of
the way our incredible team and customers have used access to space
to improve life on Earth, and our efforts in sustainability,
community and education outreach, and corporate responsibility
which serve that same mission.”
Highlights from the 2021 Impact report include:
- Diversity and Inclusion: Our approach to how we grow our
team and how we grow our business is fuelled by the knowledge that
innovation is unlocked by diverse ideas and talent. Rocket Lab’s
Impact report outlines our strategies and initiatives on increasing
our diversity, with a focus on supporting an inclusive culture and
supportive workplace.
- Empowering Our People: Rocket Lab’s successes have come
from highly-capable people coming together to do things differently
and because of this, our talent strategy focuses on growing leaders
from within. Rocket Lab’s Impact report highlights our work to
develop our people and provide them the opportunities to shine
through our programs, management development, and policies and
training.
- Governance: Rocket Lab’s reputation as a leading space
company with integrity is among our most important assets, and we
take our responsibilities to our team, customers, and shareholders
seriously. The Rocket Lab Impact report details the policies and
procedures our global team is bound by which uphold our high
standards of ethical compliance, ensure the safety of our
information and our people, and fair governance from our Board of
Directors.
- Caring For Our Environment: Our mission at Rocket Lab is
to build rockets and spacecraft that unlock the potential of space.
We are committed to acting as a force for good in the world, and
with that comes our responsibility to understanding and mitigating
our impact on the environment both here on Earth and in space,
which our Rocket Lab Impact report lays out in detail.
- Doing Good In The Community: The Rocket Lab
Impact report highlights our dedication to supporting and
financially backing projects and community groups both within
Rocket Lab and our communities that have a focus to do good —
whether that’s improving infrastructure in rural township,
supporting causes that facilitate quality healthcare and bring
people closer together, stimulating regional economies through job
creation and hiring locally, and assisting community groups through
the COVID-19 pandemic.
- Educating The Next Generation: We know that our
understanding of how we live on and impact Earth, and what we can
do to best protect it, will be driven by the curiosity and
dedication of our next generation of scientists, innovators, and
researchers. The ways we’ve committed to igniting and supporting a
passion for of science, technology, engineering, and maths (STEM)
in students, and backing our next generation to carry humanity
forward, is detailed in our Impact report.
View the full 2021 Rocket Lab Impact report:
https://investors.rocketlabusa.com/esg/
+ About Rocket Lab
Founded in 2006, Rocket Lab is an end-to-end space company with
an established track record of mission success. We deliver reliable
launch services, satellite manufacture, spacecraft components, and
on-orbit management solutions that make it faster, easier and more
affordable to access space. Headquartered in Long Beach,
California, Rocket Lab designs and manufactures the Electron small
orbital launch vehicle and the Photon satellite platform and is
developing the Neutron 8-ton payload class launch vehicle. Since
its first orbital launch in January 2018, Rocket Lab’s Electron
launch vehicle has become the second most frequently launched U.S.
rocket annually and has delivered 149 satellites to space for
private and public sector organizations, enabling operations in
national security, scientific research, space debris mitigation,
Earth observation, climate monitoring, and communications. Rocket
Lab’s Photon spacecraft platform has been selected to support NASA
missions to the Moon and Mars, as well as the first private
commercial mission to Venus. Rocket Lab has three launch pads at
two launch sites, including two launch pads at a private orbital
launch site located in New Zealand and a second launch site in
Virginia, USA which is expected to become operational in 2022. To
learn more, visit www.rocketlabusa.com.
+ FORWARD LOOKING STATEMENTS
This report contains certain “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995, Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities and Exchange Act of 1934, as amended.
All statements, other than statements of historical facts,
contained in this report, including statements regarding our
strategy, future operations, future financial position, projected
costs, prospects, plans and objectives of management are
forward-looking statements. Words such as, but not limited to,
“anticipate,” “aim,” “believe,” “contemplate,” “continue,” “could,”
“design,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,”
“possible,” “potential,” “predict,” “project,” “seek,” “should,”
“suggest,” “strategy,” “target,” “will,” “would,” and similar
expressions or phrases, or the negative of those expressions or
phrases, are intended to identify forward-looking statements,
although not all forward-looking statements contain these
identifying words. These forward-looking statements involve a
number of risks, uncertainties (many of which are beyond Rocket
Lab’s control), or other assumptions that may cause actual results
or performance to be materially different from those expressed or
implied by the forward-looking statements contained in this report,
including risks related to the global COVID-19 pandemic, and
related government restrictions and lock-downs in New Zealand and
other countries in which we operate that could delay or suspend our
operations; delays and disruptions in expansion efforts; our
dependence on a limited number of customers; the harsh and
unpredictable environment of space in which our products operate
which could adversely affect our launch vehicle and spacecraft;
increased congestion from the proliferation of low Earth orbit
constellations which could materially increase the risk of
potential collision with space debris or another spacecraft and
limit or impair our launch flexibility and/or access to our own
orbital slots; increased competition in our industry due to rapid
technological development and decreasing costs; technological
change in our industry which we may not be able to keep up with or
which may render our services uncompetitive; average selling price
trends; failure of our launch vehicles, spacecraft or components to
operate as intended either due to our error in design, in
production or through no fault of our own; launch schedule
disruptions; supply chain disruptions, product delays or failures,
or design and engineering flaws; launch failures; natural disasters
and epidemics or pandemics; changes in governmental regulations
including with respect to trade and export restrictions, or in the
status of our regulatory approvals or applications; or other events
that force us to cancel or reschedule launches, including customer
contractual rescheduling and termination rights, and the other
risks detailed from time to time in Rocket Lab’s filings with the
Securities and Exchange Commission (the “SEC”), including under the
heading “Risk Factors” in Rocket Lab’s Annual Report on Form 10-K
for the fiscal year ended December 31, 2021, which was filed with
the Securities and Exchange Commission on March 24, 2022, and
elsewhere (including that the impact of the COVID-19 pandemic may
also exacerbate the risks discussed therein).
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version on businesswire.com: https://www.businesswire.com/news/home/20220824005742/en/
+ Investor Contact Adam Spice investors@rocketlabusa.com
+ Media Contact Murielle Baker media@rocketlabusa.com
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