Climate Change Data

HydrogenPro ASA

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:36501 tCO2e/year (Scope 1, 2, and 3)
Scope 1 Emissions:200 tCO2e/year
Scope 2 Emissions:1293 tCO2e/year
Scope 3 Emissions:35008 tCO2e/year
Total Energy Consumption:1701546 kWh/year
Water Consumption:35352 m3/year
Waste Generated:944.1 tons/year
Carbon Intensity:0.0643 kg CO2/NOK (total GHG emissions divided by revenues)

ESG Focus Areas

  • Efficient technology and scalability
  • Sustainable manufacturing and supply chains
  • Innovative product design
  • A safe and attractive place to work
  • Governance and ethical business conduct

Environmental Achievements

  • Completed manufacturing of 40 electrolyzers for the 220 MW ACES project in Utah, expected to prevent approximately 127,000 tonnes of CO2 annually.
  • Secured a 100 MW order from ANDRITZ for the Salzgitter project, expected to reduce CO2 emissions by 220,000 tonnes per year.
  • Increased production capacity from 300 MW to 500 MW at the Tianjin facility.
  • Achieved levelized cost of hydrogen at USD 1.2 per kg.
  • Obtained ISO 14001 and 45001 certifications.

Social Achievements

  • Welcomed 146 new employees across all locations.
  • Improved overall sick leave rates across all locations (below 3%).
  • Achieved zero accidents and work-related ill health in all locations except Tianjin (8 recordable incidents).
  • Implemented mandatory anti-bribery and corruption training for all employees.
  • Introduced an ethics course with nanolearning lessons.
  • Updated Code of Conduct and Supplier Code of Conduct.
  • Carried out a supply chain risk assessment.

Governance Achievements

  • Launched mandatory anti-bribery and corruption training for all employees.
  • Introduced an ethics course with nanolearning lessons.
  • Updated Code of Conduct and Supplier Code of Conduct.
  • Carried out a supply chain risk assessment.
  • Commissioned Deloitte to assist in a holistic risk identification and evaluation exercise.

Climate Goals & Targets

Long-term Goals:
  • Become the number one provider of large-scale green hydrogen technologies & systems.
Medium-term Goals:
  • Achieve a minimum of 25% female representation across all geographies by 2025.
Short-term Goals:
  • Define short, medium, and long-term targets to better manage the environmental impacts of operations.

Environmental Challenges

  • Delays in crucial subsidy programs in the US and Europe.
  • Rapid growth and expansion into new markets.
  • Fluctuation in commodity prices of steel and nickel.
  • Counterparty risk from customers.
  • Potential failure to obtain necessary funding.
  • Ensuring compliance and responsible behavior in the supply chain.
  • Disruptions in deliveries from suppliers.
  • IT system disruptions, failures, or security breaches.
  • Health, environmental, and safety risks in operations.
Mitigation Strategies
  • Building a log of performance data from operational electrolyzers.
  • Further commercialization of R&D.
  • Mapping of US and European supplier landscapes.
  • Developing a set of Business Norms for contract opportunities.
  • Thorough review of customers’ credit standing before contracts.
  • Continuous assessment and diversification of financing options.
  • Roll-out of third-party driven supplier audits.
  • Examination of alternative suppliers.
  • Establishment of more developed governance structures and strengthening operations and control mechanisms.
  • Establishment of underlying principles and values of company culture.
  • Implementation of a program of third-party supplier audits.
  • Established processes and procedures with special emphasis on manufacturing sites in Tianjin, Aarhus, and Porsgrunn.
  • Relevant ISO certifications.

Supply Chain Management

Supplier Audits: 17 companies screened in 2023 (20% of new suppliers)

Responsible Procurement
  • Supplier Code of Conduct
  • ESG criteria in supplier selection
  • Factory inspections and audits for prioritized suppliers

Climate-Related Risks & Opportunities

Physical Risks
  • Water availability
  • Extreme weather events
Transition Risks
  • Changes in green hydrogen’s importance
  • Technological breakthroughs for alternative solutions
  • Reduced development of renewable energy due to environmental considerations
Opportunities
  • Development of energy-efficient products
  • Clean energy storage

Reporting Standards

Frameworks Used: GRI Core Standards, TCFD, EU Taxonomy

Certifications: ISO 14001, ISO 45001, ISO 9001

UN Sustainable Development Goals

  • Goal 7 (Affordable and clean energy)
  • Goal 9 (Industry, innovation, and infrastructure)
  • Goal 13 (Climate action)

HydrogenPro's business model contributes to mitigating climate change and supporting the green transition of industries.

Sustainable Products & Innovation

  • 3rd generation electrodes technology

Awards & Recognition

  • ESG Practice Pioneer Award from Dun & Bradstreet