VANCOUVER, BC, June 9, 2022
/CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today
announced the publication of its third annual Environmental, Social
and Governance (ESG) Report. Built around Ballard's purpose of
Here for LifeTM, the report highlights the
company's 2021 performance in key environmental, social and
governance areas and demonstrating an ongoing commitment to
transparency and environmental leadership in the fuel cell
industry. In 2021, Ballard continued its work toward achieving the
Company's "Mission Carbon Zero 2030" initiative with a goal of
achieving carbon neutrality by 2030. New to the report this year is
the unveiling of Ballard's ESG strategy, a three workstream
approach to advancing a foundational ESG practice and addressing
the material topics most important to Ballard's stakeholders
including energy transition, greenhouse gas reduction, employee
engagement, and diversity, equity and inclusion.
Highlights of this years report include:
- In 2021, Ballard fuel cell technology prevented ~52 million
gallons of consumed diesel
- 95% annual employee retention rate
- Increased female representation including at the board, senior
leadership and management
- ~7% reduction in overall greenhouse gas (GHG) emission
intensity (tonnes CO2-e/employee) and ~19% reduction
since 2019
- 95% of platinum used in Ballard's products is reclaimed
- Offset 798 tonnes CO2e through investment in the
Great Bear Forest Carbon Project
- Disclosed environmental performance through CDP (previously
Climate Disclosure Project)
- Completed a Life Cycle Analysis for our latest generation of
heavy duty power modules
"Sustainability is how we do business: It's how we ensure we are
Here for LifeTM. Environmental, social and
governance practice is embedded in how we serve our customers, how
we engage our people, how we manage our operations, how we generate
long term value to shareholders, and how we contribute to our
communities," said Randy MacEwen,
Ballard President and CEO. "We
are committed to delivering on the key elements of our ESG strategy
to solidify the foundation, embed differentiators, reinforce table
stakes and provide transparency in our reporting. Ballard has a
strong commitment to the environment, as our mission is to deliver
fuel cell power for a sustainable planet, and to our people, while
striving to be a great place to work."
The combination of Ballard's zero-emission fuel cell products,
sustainability-based business model, strong governance practices,
and committed workforce enables the Company to create long-term
value for shareholders while contributing to the decarbonization of
the global economy.
To view Ballard's 2021 ESG Report, and for more information
regarding the Company's sustainability commitments, please visit
www.ballard.com/about-ballard/our-sustainability.
About Ballard Power Systems
Ballard Power Systems' (NASDAQ: BLDP); (TSX: BLDP) vision is to
deliver fuel cell power for a sustainable planet. Ballard
zero-emission PEM fuel cells are enabling electrification of
mobility, including buses, commercial trucks, trains, marine
vessels, and stationary power. To learn more about Ballard, please
visit www.ballard.com.
This release contains forward-looking statements concerning
anticipated product performance and competitiveness and product
development objectives. These forward-looking statements reflect
Ballard's current expectations as contemplated under section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Any such
forward-looking statements are based on Ballard's assumptions
relating to its financial forecasts and expectations regarding its
product development efforts, manufacturing capacity, and market
demand.
These statements involve risks and uncertainties that may cause
Ballard's actual results to be materially different, including
general economic and regulatory changes, detrimental reliance on
third parties, successfully achieving our business plans and
achieving and sustaining profitability. For a detailed discussion
of these and other risk factors that could affect Ballard's future
performance, please refer to Ballard's most recent Annual
Information Form. Readers should not place undue reliance on
Ballard's forward-looking statements and Ballard assumes no
obligation to update or release any revisions to these
forward-looking statements, other than as required under applicable
legislation.
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SOURCE Ballard Power Systems Inc.