Fluence Releases Annual Sustainability Report
April 18 2024 - 8:00AM
Fluence Energy, Inc. (“Fluence”) (NASDAQ: FLNC), a leading global
provider of energy storage products and services, and optimization
software for renewables and storage, issued its 2023 Sustainability
Report (the “Report”) providing updates on the company’s
sustainability strategy during the fiscal year ended September 30,
2023. The Report enhances and builds upon the sustainability
disclosures from our inaugural sustainability report published in
April 2023 and provides updates on Fluence’s sustainability
strategy, including additional goals for 2024 and beyond.
“Fluence operates with sustainability principles at our core and
the urgency to address climate change imparts an urgency to our
work. The speed at which we are moving towards our sustainability
program commitments is a testament to the dedication of our
employees, and partnerships with our suppliers and customers,” said
Fluence President and Chief Executive Officer Julian Nebreda. “By
increasing our disclosures, we continue to foster trust, drive
accountability, and provide our stakeholders with transparent
insight into our sustainability journey.”
Highlights from the 2023 Sustainability Report include:
- Completed Fluence’s
first climate risk assessment and published the company’s first
Task Force on Climate-Related Financial Disclosures (TCFD)
report.
- Increased
disclosures tied to the Global Reporting Initiative (GRI) and the
Sustainability Accounting Standards (SASB) compared to our 2022
Sustainability Report.
- Expanded greenhouse
gas (GHG) footprint analysis beyond Scope 1 and 2 GHG emissions
into Scope 3 GHG emissions.
- Implemented a
responsible sourcing framework to enhance engagement with suppliers
and reinforce ethical practices throughout our supply chain.
- Mitigated 60% of the
greenhouse gas emissions from employee business air travel during
fiscal year 2023.
Fluence’s ESG strategy and efforts support four of the 17 United
Nations Sustainable Development Goals. The Report aligns with the
SASB: Fuel Cells & Industrial Batteries standard, TCFD, and
references the GRI.
To download the Fluence 2023 Sustainability Report, visit
Fluence’s website.
About Fluence
Fluence Energy, Inc. (Nasdaq: FLNC) is a global market leader in
energy storage products and services, and optimization software for
renewables and storage. With a presence in 47 markets globally,
Fluence provides an ecosystem of offerings to drive the clean
energy transition, including modular, scalable energy storage
products, comprehensive service offerings, and AI-enabled
optimization software for managing and optimizing renewables and
storage from any provider. The company is transforming the way we
power our world by helping customers create more resilient and
sustainable electric grids.
For more information, visit our website, or follow us on
LinkedIn or Twitter. To stay up to date on the latest industry
insights, sign up for Fluence's Full Potential Blog.
Cautionary Note Regarding Forward-Looking
Statements
The statements contained in this press release
that are not historical facts are forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, Section 21E of the Securities Exchange Act of 1934, as
amended, and the Private Securities Litigation Reform Act of 1995.
These forward-looking statements include, without limitation,
statements regarding our future business expectations, plans and
objectives and our sustainability plans, goals, initiatives, and
programs and any associated anticipated timeframes. Such statements
can be identified by the fact that they do not relate strictly to
historical or current facts. When used in this press release, words
such as “may,” “possible,” “will,” “should,” “expects,” “plans,”
“anticipates,” “could,” “intends,” “targets,” “projects,”
“contemplates,” “believes,” “estimates,” “predicts,” “potential,”
or “continue” or the negative of these terms or other similar
expressions and variations thereof and similar words and
expressions are intended to identify such forward-looking
statements, but the absence of these words does not mean that a
statement is not forward-looking.
The forward-looking statements contained in this
press release are based on our current expectations and beliefs
concerning future developments, as well as a number of assumptions
concerning future events, and their potential effects on our
business. These forward-looking statements are not guarantees of
performance, and there can be no assurance that future developments
affecting our business will be those that we have anticipated.
These forward-looking statements involve a number of risks,
uncertainties (some of which are beyond our control) or other
assumptions that may cause actual results or performance to be
materially different from those expressed or implied by these
forward-looking statements, which include, but are not limited to,
regulatory changes in jurisdictions in which we operate and other
factors set forth under Item 1A. “Risk Factors” in our Annual
Report on Form 10-K for the fiscal year ended September 30, 2023,
filed with the Securities and Exchange Commission (“SEC”) on
November 29, 2023, and in other filings we make with the SEC from
time to time. New risks and uncertainties emerge from time to time
and it is not possible for us to predict all such risk factors, nor
can we assess the effect of all such risk factors on our business
or the extent to which any factor or combination of factors may
cause actual results to differ materially from those contained in
any forward-looking statements. Should one or more of these risks
or uncertainties materialize, or should any of the assumptions
prove incorrect, actual results may vary in material respects from
those projected in these forward-looking statements. You are
cautioned not to place undue reliance on any forward-looking
statements made in this press release. Each forward-looking
statement speaks only as of the date of the particular statement,
and we undertake no obligation to publicly update or revise any
forward-looking statements to reflect events or circumstances that
occur, or which we become aware of, after the date hereof, except
as otherwise may be required by law.
ESG ContactMike Herod, Director of ESG and
SustainabilityEmail: esg@fluenceenergy.com
Media ContactShayla Ebsen, Director of
CommunicationsEmail: media.na@fluenceenergy.comPhone: +1 (605)
645-7486
Analyst ContactLexington May, Vice President
Finance & Investor
RelationsEmail: investorrelations@fluenceenergy.comPhone: +1
(713) 909-5629
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