Forsee Power Publishes Its 4th Sustainability Report and Launches SBTi Process Towards Net Zero
July 12 2023 - 1:30AM
Business Wire
Regulatory News:
Forsee Power (FR0014005SB3 – FORSE), the expert in smart
battery systems for light and heavy electric vehicles, publishes
its new sustainability report which looks back on its achievements
for the year 2022 and its future prospects. The Group also
announces the launch of the process to develop a Net Zero roadmap
according to SBTi standards.
Discover Forsee Power's 4th full sustainability report in French
on this link.
2022 achievements: strengthening of supply chain due
diligence processes, consolidation of the product range, emergence
of retrofitting and internal initiatives
During 2022, Forsee Power strengthened its supply chain due
diligence processes. The company developed an ESG questionnaire for
its suppliers – based on the most demanding practices – and
launched its first ESG audit by a third party with an Asian cell
supplier.
In addition, Forsee Power has consolidated its product lines by
offering additional eco-designed zero-emission solutions with
increased energy densities and lifetimes. Retrofitting of
combustion vehicles into electric vehicles has also emerged as a
real accelerator for the decarbonization of transport and the Group
has positioned with several key players to supply suitable battery
systems.
Finally, the Forsee Power teams have endeavored in improving
environmental management systems with significant progress in
reducing waste at production sites, in collaboration with suppliers
and customers to maximize reusable packaging.
Distinctions 2022: site certifications and Ecovadis Gold
Medal
The French sites of Ivry-sur-Seine and Chasseneuil-du-Poitou
have obtained the ISO 14001 certification, in addition to the sites
in Poland and China that are already certified. All the sites
recorded very satisfactory results in terms of safety; regular and
collaborative training and information sessions contributed to
increase skills and maturity.
Finally, the Group's sustainable development performance was
recognized with a Gold medal from the EcoVadis rating agency and an
Exemplary level awarded by EthiFinance.
2023 priority: development of a Net Zero contribution roadmap
to be submitted to the SBTi
In 2023, as part of its continuous improvement process for more
sustainable practices, Forsee Power is working on a Net Zero
roadmap.
Early July, the Group signed and sent its letter of commitment
to the Science Based Target initiative (SBTi) and is currently
developing its decarbonization plan according to SBTi standards to
have the organization validate the alignment of its objectives with
the Paris Agreement.
“2022 is a year of transition for extra-financial reporting,
with the introduction of alignment with the European green
taxonomy, the results of which are published in this report. The
publication of the CSRD by the European Commission at the end of
2022 will also allow us to prepare our reporting processes to
comply with the new regulations, with the monitoring of new
indicators from 2023.” says Sophie Tricaud, Vice-President
Corporate Affairs of Forsee Power. “In 2023, we will determine
the guidelines of our decarbonization roadmap and define our new
Impact sustainability roadmap. We will also focus on employee
satisfaction, the representation of women in management positions,
the strengthening of our due vigilance while supporting the United
States in the start of operations scheduled for the end of
2023.”
About Forsee Power
Forsee Power is a French industrial group specializing in smart
battery systems for sustainable electric transport (light vehicles,
off-highway vehicles, buses, trains and ships). A major player in
Europe, Asia and North America, the Group designs, assembles, and
supplies energy management systems based on cells that are among
the most robust in the market and provides installation,
commissioning, and maintenance on site and remotely. More than
2,000 buses and 100,000 LEV have been equipped with Forsee Power’s
batteries. The Group also offers financing solutions (battery
leasing) and second-life solutions for transport batteries. Forsee
Power and its 650 employees are committed to sustainable
development and the Group has obtained the Gold medal from leading
sustainability rating agency EcoVadis. For more information:
www.forseepower.com | @ForseePower
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version on businesswire.com: https://www.businesswire.com/news/home/20230711467182/en/
Forsee Power Sophie Tricaud VP Corporate affairs and
Sustainability investors@forseepower.com NewCap Thomas
Grojean Quentin Massé Investor Relations forseepower@newcap.eu +33
(0)1 44 71 94 94 NewCap Nicolas Merigeau Media Relations
forseepower@newcap.eu +33 (0)1 44 71 94 98
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