Our ESG journey is a natural extension of our mission.

As an industry leader working alongside our customers to address climate change, we are committed to sustainably growing all areas of our business – from bolstering our responsible sourcing practices to fostering an equitable and safe work culture to minimizing our GHG footprint.

With this report, we are setting the groundwork for a robust sustainability framework that holds us accountable to our stakeholders and delivers meaningful outcomes for our planet and our communities.

Read the report

“This report, our first sustainability report,

provides an overview of our current and planned environmental, social, and governance initiatives. It also highlights our efforts to lead our industry in sustainable business practices.

I am excited for the achievements on our horizon, and I want to thank our employees, shareholders, customers, and suppliers for your trust and dedication to our mission.”

Julian Nebreda
President & CEO, Fluence

Our Vision for Sustainability

We see a future where transparency and accountability in our industry are fueled by digital solutions. From crucial stages and links in our supply chain to product lifecycles, these digital solutions will help accelerate our progress toward achieving our ESG goals.

Delivering on the UN’s Sustainable Development Goals

In 2015, the United Nations introduced 17 Sustainable Development Goals as a blueprint for world prosperity, with the attainment of these goals hinging on a united, international effort.

We are dedicated to helping address the following initiatives for which our constellation of strengths can provide a long-lasting and scalable impact.

 

Environment

Environmental management and sustainability are deeply embedded into our activities. We consider sustainability throughout the product lifecycle and approach it as a collective exercise.

From executive leadership to engineering and supply chain teams, we continuously and collaboratively work to improve our operations and products to lower our environmental impact and empower our customers to do the same.

Initiatives

  • Interweaving circular economy principles into full product lifecycle
  • Internal policy development
  • ISO 14001 expansion
  • Improving GHG performance

Letters and Policies

 

Commitments

  • Execute a Climate Risk Assessment within 2024-2025.
  • Mitigate greenhouse gases (GHGs) associated with employee travel starting in 2023.
  • Conduct a Product Lifecycle Analysis in between 2024-2025.
  • Develop and evolve our decarbonization strategy from 2026 to 2028.
  • Set the Energy Storage Circular Economy Standard between 2026-2028

 

Social

Our people and culture are at the core of our business—we’re committed to creating a welcoming and inclusive environment for all. Our sustainability framework looks to deepen our already strong emphasis on social sustainability practices.

Enabling employees to perform at their best while being themselves in a safe work environment is fundamental to delivering on our long-term corporate strategies.

Initiatives

  • Uphold equal pay and anti-discrimination practices
  • Value and lean into our diverse workforce
  • Support employee resource groups
  • Encourage work-life balance and wellness
  • Continue to foster a strong safety culture across the business
  • Minimize the societal impact of our operations through responsible sourcing

 

Commitments

  • 33% of new hires are women in 2023
  • Launch a Philanthropy Program or Foundation between 2024-2025

Letters and Policies

Governance

Transparency, accountability, and responsibility are central to how we operate our business and our sustainability program. Our business decisions are guided by the belief that sound corporate governance practices promote long-term value for internal and external stakeholders.

Risk assessment and oversight are integral to our governance and management processes. Additionally, Fluence maintains a well-established Code of Conduct and Ethics that all Fluence employees, suppliers, and vendors are expected to follow.

Initiatives

  • Board-adopted Corporate Governance Guidelines
  • On-going and robust compliance training
  • Compliance reporting tools and vendor screening

Commitments

  • Incorporate the Task Force on Climate-Related Financial Disclosures’ (TCFD) framework into our Sustainability Reports 2023 and onwards.
  • Become a signatory member of the UN Global Compact within 2024-2025.
  • Lead the energy storage industry in accountability and transparency through Digital Sustainability by 2030.

Questions or Comments?

We welcome any questions or feedback on our 2022 Sustainability Report.

You can reach Michael Herod, Director of ESG and Sustainability, at esg@fluenceenergy.com
or Lexington May, VP of Investor Relations, at investorrelations@fluenceenergy.com.

 

Forward Looking Statements

Any statements that are not historical facts and that express, or involve discussions as to, Fluence’s expectations, beliefs, plans, objectives, assumptions, future events or the performance or safety of new technology and products (often, but not always, indicated through the use of words or phrases such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “intends,” “plans,” “believes” and “projects”) may be forward-looking and may involve estimates and uncertainties which could cause Fluence’s actual results to differ materially from those expressed in the forward-looking statements. Such forward-looking statements are subject to a number of assumptions, risks, and uncertainties, including those described under the heading “Risk Factors” in Fluence’s most recent Annual Report on Form 10-K and in other filings Fluence makes with the SEC. New factors emerge from time to time, and it is not possible for us to predict all such factors. Further, we cannot assess the impact of each such factor on our results of operations 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. Any forward-looking statements speak only as of the date of the post, blog, or other disclosure, and are based on information available to Fluence as of the date of such publication and Fluence does not undertake to update or revise any of the forward-looking statements, whether as a result of new information, future events or otherwise.”