READING, PA — EnerSys (NYSE: ENS) announced the publication of its first Task Force on Climate-related Financial Disclosures (TCFD) report. The TCFD report demonstrates progress along the company’s sustainability journey and is aligned with the company’s commitment to achieve net zero Scope 1 emissions by 2040 and net zero Scope 2 emissions by 2050.
“The TCFD report is yet another example of how EnerSys prioritizes sustainability in all aspects of our business,” said President & CEO David M. Shaffer. “By identifying important climate-related risks that will impact EnerSys, we can increase our focus on key preparation and mitigation strategies, maintaining our ability to provide energy storage solutions and services to customers across the globe, while also providing valuable information to investors and other stakeholders.”
The report covers the four main TCFD themes: governance, strategy, risk management, and key metrics and targets:
- Governance – “The sustainability strategy at EnerSys ensures that climate-related matters are managed by the Board, management committees, subject matter experts, and senior leadership.”
- Strategy – “We are constantly evaluating physical and transition risks posed by climate change and how they could impact our business, operations and supply chain.”
- Risk Management – “Our Risk Management Program is designed to identify risks across EnerSys with input from each business unit and function.”
- Metrics and Targets – “We are committed to transparently reporting on our performance and goal progress annually so that we can maintain the trust and confidence of our investors, customers and other stakeholders.”
The TCFD framework helps EnerSys articulate to investors, customers, employees and other stakeholders how EnerSys is managing and mitigating climate-related risk and is seizing opportunities as it helps to create a sustainable future. The publication of the report is aligned with efforts to build transparency around sustainability and climate action, by adding further disclosures and context to previous reports such as our 2021 Sustainability Report and CDP report.
To learn more, please visit the Company’s Sustainability Webpage.
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