BURNABY, B.C.—Ballard Power Systems has announced the publication of its third annual Environmental, Social and Governance (ESG) report, highlighting successes in the reduction of diesel used, female representation, greenhouse gas reductions and life cycle analysis.

The report documents the company’s 2021 performance in key environmental, social and governance areas in the fuel cell industry. Ballard is working toward achieving a “Mission Carbon Zero 2030” goal, aiming to achieve carbon neutrality by 2030, stated a release. The B.C.-based firm is active in the fuel cell power sector providing electrification for mobility and stationary settings.

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Highlights of this year’s report include:

  • in 2021, Ballard fuel cell technology prevented 52 million gallons of consumed diesel
  •  95 per cent annual employee retention rate
  • increased female representation including at the board, senior leadership and management levels
  • seven per cent reduction in overall greenhouse gas emission intensity per employee with a 10 per cent reduction since 2019
  •  95 per cent of platinum used in Ballard’s products is reclaimed
  •  offset 798 tonnes CO2 equivalent through investment in the Great Bear Forest Carbon Project
  •  completed a life cycle analysis for its latest generation of heavy duty power modules.

Environmental, social and governance practice is embedded in how we serve our customers, how we engage our people, how we manage our operations, how we generate long term value to shareholders, and how we contribute to our communities,” said Randy MacEwen, Ballard CEO, in a statement. “We are committed to delivering on the key elements of our ESG strategy to solidify the foundation, embed differentiators, reinforce table stakes and provide transparency in our reporting.”


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What are the 3 pillars of ESG?

A closer look at the three pillars Its use of or dependence on fossil fuels. Its use or management of water and other resources. Pollution levels.

What is the meaning of ESG?

ESG stands for Environmental, Social, and Governance. Investors are increasingly applying these non-financial factors as part of their analysis process to identify material risks and growth opportunities.