Climate Change Data

Forsee Power

Climate Impact & Sustainability Data (2021, 2022, 2023)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:957 tons CO2 eq (Scope 1 and 2)
Scope 1 Emissions:107 tCO2e/year
Scope 2 Emissions:850 tCO2e/year
Scope 3 Emissions:calculation in progress
Renewable Energy Share:19.80%
Total Energy Consumption:2,145.39 MWh/year
Waste Generated:364.44 tons/year

ESG Focus Areas

  • Governance
  • People
  • Planet

Environmental Achievements

  • Reduced air transport among purchasing transport to 24% from 27.69%
  • Increased share of renewable energy in energy consumption to 19.80%
  • Achieved 74% waste recycling or revalorization rate
  • Avoided 441,153 tons of CO2 equivalents through battery systems in vehicles

Social Achievements

  • Reduced absenteeism rate to 3.01%
  • Reduced injury severity rate to 0.05
  • Increased rate of women on the Board of Directors to 46%
  • Increased rate of female managers to 20%
  • 100% of employees signed the business Code of conduct
  • 85.5% of production components’ suppliers signed the Supplier Code of Conduct
  • Employee satisfaction rate of 63.6%

Governance Achievements

  • Established a robust and transparent governance system
  • Formulated a Supplier Code of Conduct
  • Implemented a virtual classroom for cybersecurity training (248 employees trained)
  • Achieved 54% independent board members and 46% women on the board

Climate Goals & Targets

Long-term Goals:
  • Carbon neutrality by 2050
Medium-term Goals:
  • 50% share of renewable energy in total energy consumption by 2025
  • Reduce air transport among purchasing transport to 5%
Short-term Goals:
  • France to complete ISO 14001 certification in 2022

Environmental Challenges

  • COVID-19 pandemic impacted logistics and recycling capacities
  • Tensions on supplies led to recourse to air transport exceeding initial plans
Mitigation Strategies
  • Waste build-up in 2020 processed in 2021
  • Commitment to optimizing shipping using road, rail, and water transport
  • Encouraging zero-emission transport among employees
  • Developing work flexibility to reduce commuting and Scope 3 emissions

Supply Chain Management

Supplier Audits: Will conduct audits in 2022 on ESG commitments and raw material traceability

Responsible Procurement
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: UN Global Compact

Certifications: ISO 14001 (two sites)

Third-party Assurance: EthiFinance and Ecovadis

UN Sustainable Development Goals

  • 5
  • 8
  • 11
  • 12

Promoting diverse workplace, strong HSE culture, improving air quality, reducing waste production

Sustainable Products & Innovation

  • Smart battery systems for sustainable electromobility
  • Batteries with circular-economy approach for second life applications

Awards & Recognition

  • EcoVadis Silver Medal (60/100)
  • EthiFinance score of 72/100

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:1073 tCO2eq (Scope 1 and 2)
Scope 1 Emissions:133 tCO2e/year
Scope 2 Emissions:940 tCO2e/year
Scope 3 Emissions:940 tCO2eq (calculation in progress)
Renewable Energy Share:5.23% of total energy use
Total Energy Consumption:2327.91 MWh/year
Waste Generated:256.46 tons/year

ESG Focus Areas

  • Governance
  • People
  • Planet

Environmental Achievements

  • Reduced waste per kWh produced from 1.89 kg in 2021 to 0.79 kg in 2022.
  • 72% of waste reused or recycled.
  • Installed a solar power plant at the Chasseneuil-du-Poitou site, supplying around 20% of its energy consumption.
  • Four sites are now ISO 14001 certified.

Social Achievements

  • Increased rate of trained employees during the year from 57% in 2021 to 63% in 2022.
  • Reduced absenteeism rate from 3.01% in 2021 to 3.14% in 2022.
  • Reduced accident frequency rate from 7.95 in 2021 to 5.26 in 2022.
  • Welcomed 29 interns and 9 new work-study students.

Governance Achievements

  • 89.9% of production components suppliers signed the Supplier Code of Conduct.
  • 80% of employees with user accounts trained to cybersecurity.
  • Conducted first ESG audit of a major cell supplier in China (Bureau Veritas).

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions by 2050 (mentioned as a company objective)
Medium-term Goals:
  • New IMPACT roadmap towards 2030 with more ambitious goals.
Short-term Goals:
  • Reduce water consumption by 10% by 2025 (not explicitly stated but implied)
  • Achieve 50% renewable energy share in total energy consumption by 2025.
  • 100% waste recycling/revalorization rate by 2025.

Environmental Challenges

  • Meeting the European Taxonomy's non-pollution DNSH criterion due to the thousands of substances used in battery manufacturing.
  • Reducing Scope 3 emissions from cell sourcing and transportation.
Mitigation Strategies
  • Cautious approach to European Taxonomy alignment, focusing on reducing use of substances under REACH regulation.
  • Optimizing road, rail, and sea transport to reduce energy consumption and emissions.
  • Developing a sustainable mobility package for employees and a shuttle service in China.
  • Implementing eco-design tools (6RE, checklists, LCAs, recyclability rate).

Supply Chain Management

Supplier Audits: One ESG audit of a major cell supplier in 2022; further audits planned for 2023.

Responsible Procurement
  • Supplier Code of Conduct
  • Supplier questionnaire focusing on raw material traceability, environmental, social, and governance policies and actions.

Climate-Related Risks & Opportunities

Opportunities
  • Development of energy-efficient products and services.

Reporting Standards

Frameworks Used: European Green Taxonomy, CSRD (preparing for compliance)

Certifications: ISO 14001 (four sites)

UN Sustainable Development Goals

  • SDG 5
  • SDG 8
  • SDG 11
  • SDG 12
  • SDG 13

Contribution to gender equality, decent work, sustainable cities, responsible consumption, and climate action.

Sustainable Products & Innovation

  • Eco-designed batteries with longer life cycles, higher performance, and higher safety standards.
  • Second-life battery applications.

Awards & Recognition

  • Gold medal from EcoVadis
  • Exemplary performance level from EthiFinance

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:110,277 tCO2e/year (Scope 1,2 & 3)
Scope 1 Emissions:246 tCO2e/year
Scope 2 Emissions:747 tCO2e/year
Scope 3 Emissions:109,971 tCO2e/year
Renewable Energy Share:14%
Total Energy Consumption:2,577.30 MWh/year
Waste Generated:366.166 tons/year

ESG Focus Areas

  • Climate change mitigation
  • Diversity & Inclusion
  • Responsible purchasing
  • Health & Safety
  • Governance

Environmental Achievements

  • 93% of waste recycled or revalorized
  • 959,816 tons of avoided CO2 eq emissions
  • Four of our sites are now ISO 14001 certified
  • 14% share of renewable energy in energy consumption

Social Achievements

  • 93% of employees benefited from one or more training courses
  • Employee satisfaction rate increased to 67%
  • Professional equality index in France increased to 84/100

Governance Achievements

  • 100% of employees have signed the Code of Conduct
  • 98.1% suppliers of production components have signed the Supplier Code of Conduct
  • Received a gold medal from EcoVadis with an overall score of 72/100

Climate Goals & Targets

Long-term Goals:
  • Net Zero emissions roadmap to be submitted in 2024
Medium-term Goals:
  • Achieve 50% renewable energy in energy consumption by 2025
Short-term Goals:
  • Achieve 100% recycling and waste recovery rate by 2025
  • Reduce absenteeism and LTIs to 3.80% by 2025

Environmental Challenges

  • Supply chain disruptions
  • Reducing carbon footprint of Scope 3 emissions
Mitigation Strategies
  • Optimizing transport by road, rail and sea
  • Implementing robust management systems
  • Commitment to the Science Based Target initiative (SBTi)

Supply Chain Management

Supplier Audits: Independent audits of certain suppliers by Bureau Veritas

Responsible Procurement
  • Supplier Code of Conduct
  • ESG questionnaire integrated into internal audit tools
  • Pilot project for reducing packaging

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact, European Taxonomy

Certifications: ISO 14001

Third-party Assurance: EcoVadis

UN Sustainable Development Goals

  • SDG 5
  • SDG 8
  • SDG 11
  • SDG 12
  • SDG 13

See page 25 of the report

Sustainable Products & Innovation

  • Smart battery systems for sustainable electromobility

Awards & Recognition

  • EcoVadis Gold Medal