Ballard Power Systems' 2023 Environmental, Social and Governance (ESG) report was published on June 10, providing a critical update on the company's activities and performance across its seven key topics over the past 12 months.
As the fifth annual independent document addressing Ballard's commitment, actions, and performance in key ESG areas, the report highlights the importance of addressing climate change and energy security, as well as the daily challenges international players face every day in the clean air movement. a place that aims to contribute to positive change for a clean future.
Click below to read the full report:
Ballard's report highlights the significant impact that reducing carbon emissions can have across all of the company's key markets around the world – including transit buses, heavy-duty trucks and marine. Highlighting Ballard's carbon neutrality plan (CNP), launched in 2022, the report outlines a roadmap to achieve carbon neutrality by 2030 – by improving daily work processes and raising strict standards, the company is committed to reaching this ambitious goal and achieving it. approved science-based targets.
The document continues by focusing on the urgent need for the industry to transition to clean energy. One of Ballard's main strategic goals is to rethink and accelerate this change by bringing fuel efficiency to customers in all regions of the world. The company's zero-emissions products are designed to accelerate the low-carbon transition, and proven solutions like these, along with accessibility, performance improvements and reduced emissions are key touch points needed for greater global adoption.
According to the company's metrics for 2023, there are more than 3,500 vehicles in operation worldwide using decarbonized technology, powered by Ballard technology – this development has helped reduce an estimated 47 million liters that would otherwise be used by diesel-powered vehicles. There are some important statistics below.
Additionally, the 2023 report emphasizes the potential of hydrogen and the growing market readiness that global governments, policy makers and industry players must harness to initiate real-world deployment at a significant level.
Ballard is seizing this growing interest to make significant strides in decarbonising heavy-duty transport – most recently seen with a record-breaking installation of 1,000 fuel cell engines to power Solaris buses across Europe and an additional 70 units to power Wrightbus vehicles in Germany. . This investment reflects growing confidence in the economic viability and market opportunities of hydrogen solutions.
With a focus on the future, Ballard is committed to conducting a renewed material assessment and developing its next three-year strategy and roadmap in accordance with the ever-changing regulatory standards – helping to drive positive changes in the industry and, more broadly, the planet. .