Climate Change Data

GenCell Ltd.

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:89.4 tCO2e (Scope 1) + 749.2 tCO2e (Scope 2) = 838.6 tCO2e in 2021; 98.1 tCO2e (Scope 1) + 319.5 tCO2e (Scope 2) = 417.6 tCO2e in 2022
Scope 1 Emissions:89.4 tCO2e in 2021; 98.1 tCO2e in 2022
Scope 2 Emissions:749.2 tCO2e in 2021; 319.5 tCO2e in 2022
Scope 3 Emissions:Not disclosed
Renewable Energy Share:0%
Total Energy Consumption:40,778.44 Liters in 2021; 42,992.59 Liters in 2022
Water Consumption:954 m3 in 2021; 387 m3 in 2022
Waste Generated:2.12 tons in 2020, 2021, and 2022
Carbon Intensity:0.0002 CO2e tons/USD revenue in 2021; 0.0001 CO2e tons/USD revenue in 2022

ESG Focus Areas

  • Impactful Products
  • Responsible Manufacturing
  • Management & Conduct

Environmental Achievements

  • Significant decrease in Scope 2 emissions (58%) due to LED lighting replacement in manufacturing facility.
  • 76% decrease in water consumption between 2020 and 2022.
  • Each GenCell FOX™ system installation estimated to save approx. 500 tons of CO2 emissions over 10 years.

Social Achievements

  • 84% increase in number of employees between 2020 and 2022.
  • Launched employee feedback surveys and implemented hybrid work option.
  • Implemented a Sexual Harassment Policy according to Israeli Law.

Governance Achievements

  • Established a robust ESG Governance Framework including Board Meetings, Steering Committee, and ESG Manager.
  • Developed a Code of Ethics and Business Conduct.
  • Implemented various compliance policies (Social Media, Insider Information, Whistleblower, etc.).

Climate Goals & Targets

Long-term Goals:
  • All products 100% recyclable/reused by 2030.
  • Zero waste to landfill by 2030 (10% YOY reduction).
  • Reach Net-Zero emissions by 2035.
Medium-term Goals:
  • Prevent CO2e through product use by 2026 (amount to be calculated following LCA).
  • Majority of products to enable energy access in developing countries by 2026.
  • One product certified by a major carbon neutral certification by 2027.
  • Achieve ISO 14001 certification by 2027.
  • 40% women on Board of Directors by 2026.
Short-term Goals:
  • Complete and certify LCA results for at least one product by 2025.
  • 100% of suppliers to sign Supplier Code of Conduct by 2024.
  • Complete assessment of ESG impacts of select material suppliers by 2025.

Environmental Challenges

  • Long supply times for raw materials requiring high inventory levels.
  • Fluctuations in raw material prices.
  • Potential risks associated with single-sourcing of raw materials.
Mitigation Strategies
  • Implemented an inventory program.
  • Secured alternative suppliers.
  • Developed in-house production capacity for some components.
  • Developed a Raw Material Purchasing Policy.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Procurement Policy (to be expanded into Supplier Code of Conduct).

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather conditions impacting power supply reliability.
Transition Risks
  • Regulatory changes impacting the hydrogen and ammonia economies.
Opportunities
  • Growth of the hydrogen and ammonia economies.

Reporting Standards

Frameworks Used: GRI, SASB

Certifications: ISO 9001:2018

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • SDG 7
  • SDG 9
  • SDG 11
  • SDG 13

GenCell's fuel cells contribute to clean energy access, sustainable infrastructure, resilient cities, and climate action.

Sustainable Products & Innovation

  • GenCell BOX™, REX™, EVOX™, FOX™ fuel cell systems.

Awards & Recognition

  • GloMo Green Mobile Award (MWC2019)
  • Frost & Sullivan Enabling Technology Leadership Award (2019)
  • First place in homeland security sector, Global Startup Challenge 2020.