Climate Change Data

Ballard Power Systems Inc.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:14.5% renewable (as of Dec 31, 2022); Target: 100%
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Energy Transition Impact
  • Employee Attraction, Engagement and Retention
  • Corporate and ESG Governance
  • Health and Safety
  • Business Ethics and Anti-Corruption
  • Climate and Greenhouse Gas Emissions
  • Diversity, Equity, and Inclusion

Environmental Achievements

  • Plan to materially reduce costs and scale production capacity of next generation, proprietary graphite bipolar plates, including the introduction of advanced manufacturing technology
  • Path to Carbon Neutrality by 2030 (multiple goals outlined in the report)

Social Achievements

  • Consistent employee engagement participation and valuable insight over 17 years of annual employee surveys
  • Publication of Ballard’s fourth annual ESG Report

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Achieve carbon neutrality by 2030 (multiple goals outlined in the report)
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Increased competition in the hydrogen fuel cell market
  • Challenging and dynamic macroeconomic and geopolitical conditions
  • Continued delays in hydrogen and fuel cell market adoption
  • Changes in investor sentiment towards pre-profitability clean energy companies
  • Customer, production, or program delays or cancellations
  • Adverse macro-economic and political conditions
  • Inadequate investment in hydrogen infrastructure and/or excessive hydrogen fuel costs
  • Disruptions due to delays of supply of key materials and components from third party suppliers
  • Fluctuations in the Canadian dollar relative to the U.S. dollar
Mitigation Strategies
  • Focus on driving down product costs by building scale and investing in next generation fuel cells
  • Rationalized product portfolio, reduced the number of active product development programs, dropped new corporate development investments, and discontinued certain legacy products and non-core activities
  • Sharpened focus to protect balance sheet
  • Continued investments in next generation products, advanced manufacturing, and production capacity expansion

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Next-generation MEAs, plates, stacks, and modules
  • FCmove™-HD+ and FCmove XD fuel cell modules
  • FCgen®-HPS High-Power Density Fuel Cell Stack
  • FCwave™ Fuel Cell Module

Awards & Recognition

  • Not disclosed