Delivering sustainable, responsible business with Ballard's 2023 ESG report

Ballard Power Systems’ 2023 Environmental, Social and Governance (ESG) report was published on June 10, providing an important update on the company's activities and performance across its seven material topic areas during the past 12 months.

As the fifth annual standalone document communicating Ballard’s commitments, actions, and performance in key ESG areas, the report highlights the imperatives of addressing climate change and energy security, as well as the daily challenges faced every day by global players within the zero-emission mobility space aiming to contribute towards positive change for a clean future.

Click below to read the report in full:

Ballard's report emphasizes the significant impact that can be made by reducing carbon emissions across the company's core markets globally - including transit bus, heavy-duty truck and marine. Highlighting Ballard's carbon neutral plan (CNP), which was launched in 2022, the report outlines the roadmap to achieve carbon neutrality by 2030 - through the improvement of daily working practices and upholding rigorous standards, the company is committed to hitting this ambitious goal and achieving approved science-based targets. 

The document continues by focusing on the urgent need for the industry to transition to clean energy. One of Ballard's key strategic objectives is to reimagine and accelerate this shift by delivering fuel cell power to customers across global regions. The company's zero-emission products are designed to accelerate the low-carbon transition, and proven solutions like these, as well as affordability, performance improvement and reduced material emissions are the essential touchpoints required for greater adoption around the world.

According to the company's 2023 metrics, there are now more than 3,500 decarbonized vehicles in-service worldwide, powered by Ballard technology - this development helped contribute a reduction of approximately 47 million liters that otherwise would have been consumed by diesel-led vehicles. There are more key stats below.

Additionally, the 2023 report emphasizes hydrogen's potential and the growing market readiness that global governments, policy makers and industry players have to harness in order to initiate real-world deployments at a significant level.

Ballard is capturing this burgeoning interest to make significant strides in the decarbonization of heavy-duty transportation - most recently seen with a record-breaking order of 1,000 fuel cell engines to power Solaris buses across Europe and an additional 70 units to power Wrightbus vehicles in Germany. These investments signal a growing confidence in the economic viability and market opportunities for hydrogen solutions.

"Building on our stakeholder-engaged materiality assessment from 2021, Ballard’s ESG report reflects the incredible collective work of everyone at the company, striving to ensure that the products we sell, and the way in which we produce them, align to our values and purpose of Here for Life™. It articulates and measures important aspects of the compelling environmental benefits of our products, and how we hold ourselves accountable by disclosing our own environmental and social performance to our stakeholders."

Jennifer Nakata Director, ESG, Ballard

With a focus on the future, Ballard is committed to conducting a refreshed materiality assessment and developing its next three-year strategy and roadmap in alignment with ever-evolving regulatory standards - helping to drive positive change for the industry and, more broadly, the planet.