Wallbox Commits to Company-Wide Net Zero Greenhouse Gas Emissions Goal by 2030
May 05 2022 - 7:00AM
Business Wire
Wallbox to reduce its global climate impact and
exceed Paris Climate Agreement goals by almost two decades
Wallbox (NYSE:WBX), a leading provider of electric vehicle (EV)
charging and energy management solutions worldwide, today announced
its goal to achieve Net Zero greenhouse gas (GHG) emissions across
its global footprint by 2030. This announcement comes on the heels
of the release of the company’s first sustainability report since
listing on the New York Stock Exchange.
“Sustainability is a driving force behind everything we do at
Wallbox, and climate change is a global issue. As a global company,
we feel propelled to lead by example,” said Enric Asunción, CEO and
co-founder of Wallbox. “While this is our first official pledge, it
is just one example of how sustainability is part of our DNA. Last
year alone we reduced the emissions from our HQ by 18%, through the
installation of solar panels and the use of our proprietary energy
management solution.”
Wallbox’s plan is intended to not only account for all emissions
emitted from its buildings and internal operations, but also take
into account its footprint throughout the full value chain of its
products. To achieve this ambitious target the company has outlined
a three-phase plan:
Phase 1
- Impact measurement: Measured GHG emissions from our internal
operations in our offices and facilities (scope 1 and 2), which
amounted to 110 tons of carbon emissions in 2021.
- Emissions reductions: Begin implementing GHG emissions
reduction plan.
Phase 2
- Reduce emissions from our offices and factories to achieve a
carbon free internal footprint.
- Continue to assess and reduce upstream and downstream
emissions.
Phase 3
- Net Zero: Reduce emissions as much as possible and offset
residual emissions to reach Net Zero by 2030.
Asunción continued, “while some carbon offsetting may be
necessary, our ESG strategy will be primarily based on reducing
greenhouse gas emissions as much as possible, and we plan to offset
residual emissions only where we cannot reduce greenhouse gas
emissions any further through other means.”
Wallbox expects to sign the Global Compact and plans to
undertake the UN’s Sustainable Development Goals. Wallbox is not
only aligning to the Paris Agreement but, based on its plans, is on
an accelerated track, with an aggressive goal of Net Zero GHG
emissions by 2030, 20 years ahead of the Paris Agreement. Using
Wallbox’s proprietary energy management system, Sirius, the company
has been able to track emissions in real time in its headquarters
(HQ) in Barcelona and its two Barcelona manufacturing facilities.
In just the past year the company has been able to reduce its HQ
emissions by 18%. The data from this software is being used to
identify the main greenhouse gas impacts along the value chain to
start implementing meaningful measures to reduce emissions. You can
learn more about Wallbox’s NetZero journey here.
About Wallbox Chargers Wallbox is a global company,
dedicated to changing the way the world uses energy in the electric
vehicle industry. Wallbox creates smart charging systems that
combine innovative technology with outstanding design and manage
the communication between vehicle, grid, building and charger.
Wallbox offers a complete portfolio of charging and energy
management solutions for residential, semi-public and public use in
more than 98 countries. Founded in 2015, with headquarters in
Barcelona, Wallbox’s mission is to facilitate the adoption of
electric vehicles today to make more sustainable use of energy
tomorrow. The company employs over 900 people in Europe, Asia, and
the Americas. For additional information, please visit
www.wallbox.com.
Wallbox Forward-Looking Statements This press release
includes "forward-looking statements" within the meaning of Section
27A of the Securities Act and Section 21E of the Securities
Exchange Act of 1934, as amended. All statements contained in this
press release that do not relate to matters of historical fact
should be considered forward-looking statements, including, without
limitation, statements regarding Wallbox’s goal to achieve Net Zero
greenhouse gas emissions by 2030, its three phase plan to achieve
that goal, its plan to offset residual emissions only where it
cannot reduce greenhouse gas emissions any further through other
means and its intentions regarding the Global Compact and US’s
Sustainable Development Goals. . In some cases, you can identify
forward-looking statements by terminology such as "anticipate,"
"believe," "may," "can," "should," "could," "might," "plan,"
“goal,” "possible," "project," "strive," "budget," "forecast,"
"expect," "intend," "will," "estimate," "predict," "potential,"
"continue" or the negatives of these terms or variations of them or
similar terminology, but the absence of these words does not mean
that statement is not forward-looking. In addition, any statements
or information that refer to expectations, beliefs, plans,
projections, objectives, performance or other characterizations of
future events or circumstances, including any underlying
assumptions, are forward-looking. Such forward-looking statements
are subject to risks, uncertainties, and other factors which could
cause actual results to differ materially from those expressed or
implied by such forward looking statements.
These forward-looking statements are based on management’s
current expectations and beliefs. These statements are neither
promises nor guarantees, but involve known and unknown risks,
uncertainties and other important factors that may cause Wallbox’s
actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking statements, including,
but not limited to: Wallbox’s history of operating losses as an
early stage company; the adoption and demand for electric vehicles
including the success of alternative fuels, changes to rebates, tax
credits and the impact of government incentives; Wallbox’s ability
to successfully manage its growth; the accuracy of Wallbox’s
forecasts and projections including those regarding its market
opportunity; competition; energy and fuel prices; technological
innovations; legislative and regulatory changes; risks related to
health pandemics including those of COVID-19; losses or disruptions
in Wallbox’s supply or manufacturing partners; Wallbox’s reliance
on the third-parties outside of its control to perform; the
compliance of various third parties with Wallbox’s policies and
procedures and legal requirements; risks related to Wallbox’s
technology, intellectual property and infrastructure; Wallbox’s
ability to successfully implement various initiatives throughout
our company and full value chain under expected time frames;
Wallbox’s ability to gather and verify data regarding environmental
impacts and emissions; risks related to the Russia-Ukraine War, and
other important factors discussed under the caption "Risk Factors"
in Wallbox’s final prospectus on Form 424(b)(3) filed with the SEC
on November 12, 2021, as such factors may be updated from time to
time in its other filings with the SEC, accessible on the SEC’s
website at www.sec.gov and the Investors Relations section of
Wallbox’s website at investors.wallbox.com.
These and other important factors could cause actual results to
differ materially from those indicated by the forward-looking
statements made in this press release. Any forward-looking
statement that Wallbox makes in this press release speaks only as
of the date of such statement. Except as required by law, Wallbox
disclaims any obligation to update or revise, or to publicly
announce any update or revision to, any of the forward-looking
statements, whether as a result of new information, future events
or otherwise.
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Wallbox Public Relations Contact Elyce Behrsin Public Relations
Press@wallbox.com +34 622 513 358
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