VANCOUVER, BC, April 22, 2021 /PRNewswire/ - Ballard Power
Systems (NASDAQ: BLDP) (TSX: BLDP) today announced the publication
of its second annual ESG report, "Environmental, Social and
Governance (ESG) Report 2020", highlighting the Company's 2020
performance in a number of key areas relevant to long-term
sustainability of its business, and demonstrating an ongoing
commitment to transparency and environmental leadership in the fuel
cell industry. In 2020, Ballard continued its important work toward
the Company's "Mission Carbon Zero 2030" initiative with a goal of
achieving carbon neutrality by 2030.
"At Ballard, we recognize the growing investor and stakeholder
interest in companies squarely addressing issues tied to creating
enduring, sustainable value – issues like purpose, long-term
strategy and climate change," said Randy
MacEwen, Ballard President
and CEO. "As a purpose-driven company with a vision to deliver fuel
cell power for a sustainable planet, we are making clear progress
on our own ESG journey at Ballard. We were intentional in our ESG
work in 2020, resulting in reduced emissions, increased investment
in our People, strengthened governance, and increased scope and
level of transparency in our 2020 ESG Report. Beyond the progress
we made in reducing our own operational carbon footprint, we
completed 'cradle-to-gate' GHG assessments of our key fuel cell
products. And, in a challenging 2020 marked by the COVID-19
pandemic, we strengthened our employee value proposition, with a
continued prioritization on the safety and wellness of our People.
We continue to strive to be 'a great place to work', with
challenging and rewarding careers, and a culture and climate that
foster innovation, collaboration, psychological safety, diversity
and inclusion."
To view Ballard's ESG Report 2020, and for more information
regarding the Company's sustainability commitments, please visit
www.ballard.com/about-ballard/our-sustainability.
The combination of Ballard's zero-emission fuel cell products,
sustainability-based business model, strong governance practices,
and committed workforce enables the Company to create long-term
value for shareholders while contributing to decarbonization of the
global economy. Ballard is well-positioned to help achieve
increasingly aggressive global GHG reduction targets.
Ballard is committed to informing customers, investors and other
stakeholders of the results of its Mission Carbon Zero 2030 work,
including strategies to further reduce and offset emissions and
continue progressing toward a carbon neutral position.
About Ballard Power
Systems
Ballard Power
Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell
power for a sustainable planet. Ballard zero-emission PEM fuel
cells are enabling electrification of mobility, including buses,
commercial trucks, trains, marine vessels, passenger cars and
forklift trucks. To learn more about Ballard, please visit
www.ballard.com.
Important Cautions Regarding Forward-Looking
Statements
This release contains forward-looking statements concerning
Ballard's market position and capabilities. These forward-looking
statements reflect Ballard's current expectations as contemplated
under section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. Any
such forward-looking statements are based on Ballard's assumptions
relating to its financial forecasts and expectations regarding its
product development efforts, manufacturing capacity, and market
demand.
These statements involve risks and uncertainties that may cause
Ballard's actual results to be materially different, including
general economic and regulatory changes, detrimental reliance on
third parties, successfully achieving our business plans and
achieving and sustaining profitability. For a detailed discussion
of these and other risk factors that could affect Ballard's future
performance, please refer to Ballard's most recent Annual
Information Form. Readers should not place undue reliance on
Ballard's forward-looking statements and Ballard assumes no
obligation to update or release any revisions to these
forward-looking statements, other than as required under applicable
legislation.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/ballard-issues-environmental-social-and-governance-esg-report-2020-301275490.html
SOURCE Ballard Power Systems Inc.