We contribute significantly to a sustainable society
As a signatory of the UN Global Compact, sustainability is close to our hearts and an integral part of our business. Our solutions are important contributors to an emission-free and sustainable world. However, sustainability is much more than contributing to a zero-emissions world. It is also about environmental responsibility, providing safe and fair workplaces, respecting human rights throughout the value chain and doing business with high ethics.
We have established four prioritised sustainability areas:
Reducing emissions from our operations
As a leading player in the hydrogen-electric industry, our solutions are crucial to the transformation of society’s energy system and the ability to achieve the goals of the Paris Agreement. Our fuel cells enable our customers to phase out fossil fuel combustion in favour of energy solutions that do not emit particulate matter and carbon dioxide in the use phase. As an important enabler of an emission-free society, we aim to also reduce our own emissions.
Our goal is to reduce our Scope 1 and Scope 2 emissions intensity by 50 % compared to the base year 2023. By measuring emissions in relation to our turnover, we can ensure that our climate impact is reduced in proportion to the size of our business. We’ve chosen intensity targets, measuring emissions in relation to turnover to ensure that our footprint shrinks as our impact grows. This is how we stay true to our concept: Electrify everything.
By doing so, we can:
Robust and reliable products
Our products are to be used in demanding applications. Product safety is therefore one of our most important sustainability areas.
We direct our offer to demanding industries such as aviation, marine, power generation, off-road and on-road vehicles. In these industries there are detailed certifications and guidelines for producers and their suppliers to guarantee safety. We have – together with our customers – obtained approval for installation and operation in both marine and aviation applications, which are the industries with the most stringent requirements.
We also offer fixed installations to be used for independent energy supply in, for example, properties, smaller communities or villages. To be successful in this area, the products must be easy to use, able to be used independently of existing infrastructure for energy supply and, of course, safe.
Safe, stimulating workplaces
To be an industry leader that exceeds customer expectations every day requires skilled, motivated employees. The prerequisite for achieving this is a culture that stimulates innovation, good leaders and excellent HR processes.
We have a strong culture that is characterised by innovation and rests on PowerCell’s mission to use our expertise to accelerate the transition towards zero-emission energy solutions. When we transformed from a development company to a leading player in the hydrogen electric industry, our culture and HR processes have been key to our success. Our goal is to maintain our strong innovative capability while creating efficient, future-proof processes.
We work proactively to ensure a more even gender distribution and value diversity. We also believe that a work environment characterised by openness and frequent dialogues between employees and employers stimulates innovation and efficient ways of working.
Responsible sourcing
We rely on our suppliers and their ability to deliver on time and with high quality. For us, it goes without saying that they must meet the same standards as we do in terms of the environment, business ethics and human rights. Our efforts to safeguard human rights are based on the UN Global Compact and its ten principles, as well as the OECD Guidelines for Multinational Enterprises.
One of the cornerstones of our Code of Conduct is zero tolerance for all forms of corruption, bribery, backhanders, kick-backs, money laundering or fraud, and we apply this zero tolerance approach throughout our value chain. Our Supplier Code of Conduct contains more streamlined expectations and requirements for our supply chain.
Sustainability reporting
Our sustainability work is an integrated part of our daily business. Therefore, we have also chosen to integrate our sustainability report into the annual report.
We report in accordance with GRI (Global Reporting Initiative) and the GRI Index is included in the annual and sustainability report.
Our group-wide policies are revised and adopted by the board every year.