GlobalData offers a comprehensive analysis of Fluence Energy, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Fluence Energy‘s ESG performance. GlobalData’s company profile on Fluence Energy offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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Fluence Energy, a global leader in energy storage products and services, is committed to reduce reducing GHG emissions as part of its clean energy transition. The company has outlined a series of goals and commitments related to scope I, scope II, and scope III emissions. These goals include becoming a signatory member of the UN Global Compact, incorporating the TCFD framework into sustainability reports, and developing end-of-life programs for future products. According to sustainability report, in 2022 the company’s emissions for scope I & scope II was 1,417,443 kgCO₂e, Scope III was 2,048,731 kgCO₂e.
Fluence Energy has taken steps to monitor and reduce its carbon and greenhouse gas (GHG) emissions. The company has validated its GHG emissions numbers for the fiscal year 2022 and has a clear understanding of the relevant emission sources. Fluence has executed GHG emission calculations and checked the validity of methodologies used by external parties. The company is committed to reducing energy requirements, limiting emissions, and managing significant air emissions. Insights derived from the company's GHG baseline and assessments of future climate risks will offer a comprehensive understanding of emissions. This information will facilitate the development of an action plan to declare a carbon-related goal by 2026.
Fluence Energy has already made progress in various areas. The company has established a Sustainability & ESG Foundation and plans to publish its first Sustainability Report in 2023. It aims to mitigate employee travel GHG emissions and increase the representation of women in its workforce. Fluence also plans to conduct a product lifecycle analysis, execute a climate risk assessment, and become a signatory member of the UN Global Compact by 2024-2025. By 2030, the company aims to lead the energy storage industry in accountability and transparency through Digital Sustainability.
Fluence Energy is committed to environmental sustainability and has implemented measures to minimize adverse environmental impacts. The company complies with ISO 14001 standards and focuses on resource conservation, pollution prevention, carbon footprint reduction, and biodiversity protection. It also collaborates with refrigeration companies to eliminate the use of fluorinated gases in its energy storage products. Additionally, Fluence is working on reducing emissions from logistics and supplier activities and plans to offset its travel emissions.
In conclusion, Fluence Energy is dedicated to reducing its carbon and GHG emissions. The company has set specific goals and commitments related to emissions across all scopes and has taken steps to monitor, validate, and reduce its emissions. With a focus on sustainability and environmental performance, Fluence aims to lead the energy storage industry in sustainable practices and contribute to the global clean energy transition.
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