Climate Change Data

PowerCell Sweden AB (publ)

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:150.4 tCO2e/year
Scope 1 Emissions:2.1 tCO2e/year
Scope 2 Emissions:36.4 tCO2e/year
Scope 3 Emissions:112.0 tCO2e/year
Renewable Energy Share:100%
Total Energy Consumption:1,622,249 kWh/year
Water Consumption:1,655 m3/year
Waste Generated:15,378 kg/year
Carbon Intensity:0.62 ton CO2/SEK million in 2022

ESG Focus Areas

  • Reducing emissions from PowerCell’s operations
  • Robust and reliable products
  • Safe, stimulating workplaces
  • Responsible sourcing

Environmental Achievements

  • Reduced GHG emissions significantly from 2021 to 2022. The vast majority of the reduction relates to refrigerants. 100 percent of energy used comes from renewable sources.
  • Total water withdrawal in 2022 was 1,655 m3.

Social Achievements

  • No workplace injuries in Gothenburg facility in 2022.
  • All employees are offered personal health insurance and a wellness allowance.

Governance Achievements

  • Signed the UN Global Compact in January 2023.
  • Implemented an external, independent whistleblower service.

Climate Goals & Targets

Long-term Goals:
  • Set a scientifically based net-zero goal for our operations.
Medium-term Goals:
  • Establish routines for measurements and a scientific basis emission target in line with the Paris Agreement.
Short-term Goals:
  • Reduce scope 1–3 emissions in relation to net sales.

Environmental Challenges

  • Increased costs at the supplier level due to climate change and environmental regulations.
  • Potential weather-related disruptions to transportation.
  • Risk of not establishing routines for recycling and circular business models.
  • Potential for workplace accidents.
  • Risk of not maintaining an even gender distribution among employees.
Mitigation Strategies
  • Agreements with suppliers for price compensation.
  • Assumption that climate-friendly transportation will be available in the medium to long term.
  • Intention to establish recycling routines and investigate circular business models.
  • Occupational health and safety management system in place, regular safety training.
  • Rewarding female applicants in case of equal merits and experience.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Strive to choose input materials with the lowest possible environmental impact.
  • Strive to use the most environmentally friendly way to transport products.

Climate-Related Risks & Opportunities

Physical Risks
  • Weather changes affecting transportation costs and possibilities.
Transition Risks
  • Increased costs at the supplier level through environmental fees and regulations.
Opportunities
  • Strong driving force for demand for PowerCell's products due to climate change.

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 9001, ISO 14001

Third-party Assurance: Öhrlings PricewaterhouseCoopers AB

UN Sustainable Development Goals

  • Goal 7
  • Goal 12
  • Goal 13
  • Goal 14

PowerCell's solutions contribute to these goals through reduced emissions, increased renewable energy use, waste reduction, and reduced marine pollution.

Sustainable Products & Innovation

  • Fuel cell stacks and fuel cell systems

Awards & Recognition

  • Not disclosed