Business
Ballard Launches ESG Strategy and Releases 2021 Environmental, Social and Governance Report
Ballard Launches ESG Strategy and Releases 2021 Environmental, Social and Governance Repo...
About this update from Ballard Power Systems Inc.
[{"type":"text","content":"\n \n \n \n Ballard Launches ESG Strategy and Releases 2021 Environmental, Social and Governance Report\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n June 9, 2022\n \n \n /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\n \n Here for Life\n \n TM\n \n ,\n \n 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.\n \n \n \n \n \n \n \n \n \n Highlights of this years report include:\n \n \n \n In 2021, Ballard fuel cell technology prevented ~52 million gallons of consumed diesel\n \n \n 95% annual employee retention rate\n \n \n Increased female representation including at the board, senior leadership and management\n \n \n ~7% reduction in overall greenhouse gas (GHG) emission intensity (tonnes CO\n \n 2\n \n -e/employee) and ~19% reduction since 2019\n \n \n 95% of platinum used in Ballard's products is reclaimed\n \n \n Offset 798 tonnes CO\n \n 2\n \n e through investment in the Great Bear Forest Carbon Project\n \n \n Disclosed environmental performance through CDP (previously Climate Disclosure Project)\n \n \n Completed a Life Cycle Analysis for our latest generation of heavy duty power modules\n \n \n \n \"Sustainability is how we do business: It's how we ensure we are\n \n Here for Life\n \n TM\n \n \n . ...