Wallbox N.V.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Scope 1 Emissions:214.25 tCO2e/year
Scope 2 Emissions:1,913 tCO2e/year
Total Energy Consumption:1530.67 MWh/year
Water Consumption:67,775 m3/year
Waste Generated:47,896.42 tons/year
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Installed thousands of solar panels at corporate headquarters and Barcelona factory, more than doubling renewable energy mix at facilities
- Implemented circular practices, including “cradle to cradle” methodologies, at most populated facilities
- Reduced scope 1 emissions by 7%
- Received Business Concept CSR Excellence Prize 2023
- Doubled green energy consumption compared to 2022
Social Achievements
- Implemented a new Learning Management System (My PowerBox) to improve collaboration and transparency, trained 143 employees on Unconscious Bias
- Launched a Diversity and Inclusion program to create growth opportunities for women at Wallbox
- Released an improved internal feedback tool (Wallbox Voice)
- Developed a Human Rights Policy
Governance Achievements
- Consolidated all ESG-related activities into ESG-related company departments and the Nominating and Corporate Governance Committee
- Elected 2 new Board Members with ESG expertise
- 40% of Board members have ESG capabilities
- Received 52 million euros in sustainable loans
- EU Taxonomy eligible and 98% aligned
Climate Goals & Targets
Long-term Goals:
- Net Zero emissions by 2030
Medium-term Goals:
- Reduce emissions as much as possible and offset residual emissions to reach Net Zero by 2030
Short-term Goals:
- Reduce emissions from offices and factories to achieve a carbon-free internal footprint (2024-2025)
Environmental Challenges
- Supply chain disruptions
- Increased electricity consumption due to ABL acquisition
- Significant increase in water consumption due to ABL acquisition, Barcelona and Arlington factory operations, and St. Andreu facility revitalization
- Climate-related risks (flooding, extreme weather) in Arlington, Texas facility
Mitigation Strategies
- Resilient procurement process
- Implementing comprehensive strategies aimed at optimizing energy efficiency and integrating renewable energy sources
- Implementing filtration systems to reduce water consumption by 20%
- Arlington, Texas facility climate risk assessment and adaptation plan
Supply Chain Management
Supplier Audits: 70% of manufacturing suppliers are local
Responsible Procurement
- Supplier sustainability requirements
- Developing an in-house software to evaluate suppliers’ ESG effects and opportunities
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather
- Flooding
- Changes in Precipitation Patterns and Extreme Variability in Weather Patterns
- Increased Inland Flooding
- Heavy Precipitation and Pluvial Flooding
Transition Risks
- Regulatory changes
- Market shifts
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: GRI, SASB, TCFD, UNGC, OECD Guidelines, EU Taxonomy
Certifications: ISO 9001, ISO 14001, ISO 45001, ISO 27001, Energy Star
Sustainable Products & Innovation
- Quasar 2 (bi-directional charger)
- Energy Star residential charger
- Pulsar Family
Awards & Recognition
- Business Concept CSR Excellence Award
- IBTA Award Sustainability Best Practice in Air Transport
- Aura Foundation Award
- EcoVadis Committed Company Award