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OrganisationsBallard
Ballard logo

Ballard

Electrical Machinery ManufacturingCanadaNASDAQ: BLDP
Last verified 15 days agoballard.com

Ballard Power Systems Inc., commonly referred to as Ballard, is a leading player in the clean energy sector, headquartered in California. Founded in 1979, the company has established itself as a pioneer in fuel cell technology, focusing on the development and commercialisation of innovative hydrogen fuel cell solutions.

With major operational regions across North America, Europe, and Asia, Ballard serves various industries, including transportation, stationary power, and portable power applications. Their core products, such as the FCgen®-H2PM fuel cell module, are distinguished by their high efficiency and low emissions, positioning Ballard as a key contributor to the global shift towards sustainable energy.

Recognised for its commitment to reducing carbon footprints, Ballard has achieved significant milestones, including partnerships with leading automotive manufacturers and participation in various clean energy initiatives, solidifying its market position as a frontrunner in the hydrogen economy.

36
DitchCarbon score

0 vs industry average

Ballard’s score of 36 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.

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Industry Intensity

Low

Electrical Machinery Manufacturing has below-average carbon intensity

Industry performance

0.110
20192025

The Electrical Machinery Manufacturing industry has reduced its overall emissions by 37% since 2019

Emissions trajectory 2020 – 2027

00.0M00.0M00.0M0.0M0

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20202021202220232024202520262027

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Ballard's reported carbon emissions

Ballard Power Systems, headquartered in CA, has reported its greenhouse gas emissions for several years. **2024 Emissions:** In 2024, Ballard reported total emissions of approximately 20.8 billion kg CO2e. This comprised: * **Scope 1:** Approximately 943,000 kg CO2e. * **Scope 2:** Approximately 245,000 kg CO2e (market-based) and 285,000 kg CO2e (location-based). * **Scope 3:** Approximately 20.8 billion kg CO2e, with purchased goods and services being the largest contributor at about 16.3 billion kg CO2e. Business travel accounted for approximately 931,000 kg CO2e, and employee commute for approximately 1.57 billion kg CO2e. **2023 Emissions:** For 2023, total emissions were approximately 17.5 billion kg CO2e. * **Scope 1:** Approximately 1.23 billion kg CO2e. * **Scope 2:** Approximately 243,000 kg CO2e (market-based) and 265,000 kg CO2e (location-based). * **Scope 3:** Approximately 17.5 billion kg CO2e, with purchased goods and services representing about 10.6 billion kg CO2e. Employee commute contributed approximately 2.32 billion kg CO2e. **2022 Emissions:** In 2022, Ballard's total emissions were approximately 8.76 billion kg CO2e. * **Scope 1:** Approximately 1.64 billion kg CO2e, including stationary combustion of about 1.39 billion kg CO2e. * **Scope 2:** Approximately 213,700 kg CO2e (location-based). * **Scope 3:** Approximately 6.91 billion kg CO2e, with purchased goods and services being the largest category at about 2.96 billion kg CO2e. **2021 Emissions:** Ballard reported total emissions of approximately 7.12 billion kg CO2e in 2021. * **Scope 1:** Approximately 1.49 billion kg CO2e, including stationary combustion of about 1.34 billion kg CO2e. * **Scope 2:** Approximately 232,800 kg CO2e (location-based). * **Scope 3:** Approximately 5.40 billion kg CO2e, driven by purchased goods and services at about 2.50 billion kg CO2e. **2020 Emissions:** Total emissions in 2020 were approximately 5.32 billion kg CO2e. * **Scope 1:** Approximately 1.39 billion kg CO2e, with stationary combustion accounting for about 1.27 billion kg CO2e. * **Scope 2:** Approximately 286,100 kg CO2e (location-based). * **Scope 3:** Approximately 3.64 billion kg CO2e, where purchased goods and services contributed about 1.89 billion kg CO2e. **2019 Emissions:** In 2019, Ballard's total emissions were approximately 6.01 billion kg CO2e. * **Scope 1:** Approximately 1.26 billion kg CO2e, with stationary combustion at about 1.14 billion kg CO2e. * **Scope 2:** Approximately 207,000 kg CO2e (location-based). * **Scope 3:** Approximately 4.55 billion kg CO2e, with purchased goods and services being a significant component at about 1.47 billion kg CO2e. **2018 Emissions:** Ballard reported total emissions of approximately 5.86 billion kg CO2e in 2018. * **Scope 1:** Approximately 1.28 billion kg CO2e, primarily from stationary combustion (about 1.18 billion kg CO2e). * **Scope 2:** Approximately 249,000 kg CO2e. * **Scope 3:** Approximately 4.33 billion kg CO2e. **Climate Commitments and Initiatives:** Ballard Power Systems has disclosed its emissions across Scope 1, 2, and 3 and has upstream scope 3 categories disclosed. The company's sustainability reports, such as the 2024 Sustainability Report, provide detailed information on their environmental performance. While specific reduction targets and SBTi commitments are not detailed in the provided reduction initiatives data, Ballard's engagement with reporting its emissions signifies its commitment to managing its environmental impact. Their focus on fuel cell technology also positions them within the broader clean energy transition.

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Ballard’s Climate Goals (2030 & 2050)

No climate goals have been disclosed for Ballard yet.

Scope 3 top emissions categories

5 of 15 categories disclosed
Purchased Goods & Services78%
Employee Commuting8%
Business Travel4%
Fuel & Energy Activities1%
Waste Generated in Operations0%
Purchased Goods & Services78%
Employee Commuting8%
Business Travel4%
Fuel & Energy Activities1%
Waste Generated in Operations0%

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Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

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Not active
CDP

Carbon Disclosure Project

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Active
THE CLIMATE PLEDGE

The Climate Pledge

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Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

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Not active
RE 100

RE 100

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Not active
Climate Action 100+

Climate Action 100

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Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Ballard logoBallard
CAElectrical Machinery Manufacturing
15 days ago
36
Hydrogenics Corporation logoHydrogenics Corporation
CAElectrical Machinery Manufacturing
24 days ago
73
View
Akasol AG logoAkasol AG
DEElectrical Machinery Manufacturing
24 days ago
65
View
PowerCell Group logoPowerCell Group
SEBiomass Electricity
24 days ago
51
View
Saft Groupe SAS logoSaft Groupe SAS
FRElectrical Machinery Manufacturing
24 days ago
49
View
FuelCell Energy, Inc. logoFuelCell Energy, Inc.
USElectrical Machinery Manufacturing
11 days ago
27
View
P10, Inc. logoP10, Inc.
USFinancial Intermediation
20 days ago
23
View

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