Better Health for All

Alfen's core business, including EV charging, energy storage, and smart grid solutions, directly contributes to a sustainable economy by enabling emission-free electricity. In 2023, the company's installed charge points potentially avoided 6.2 Mtons of CO2 equivalent emissions, and its smart grid solutions enabled renewable energy supply to approximately 374,000 households, which has a significant positive indirect impact on public health by reducing air pollution.

The company has no revenue from products with direct negative health impacts. However, Alfen faced a moisture issue in one of its substation models, leading to a €15.4 million warranty provision, with refurbishments ongoing until Q1 2025. The company has developed an SF6-free substation to prepare for the 2026 European ban on SF6, a potent greenhouse gas, indicating efforts to mitigate negative health externalities. Alfen has a Substance Abuse Policy Statement and has invested in IT infrastructure and data security. The company is preparing its 2024 CDP disclosure to strengthen transparency on climate and environmental performance.

Fair Money & Economic Opportunity

Alfen N.V. operates in the energy sector, specializing in EV charging equipment, energy storage systems, and smart grid solutions.

The company does not offer lending, deposit, or other financial services to consumers or businesses. Therefore, all KPIs related to fair money and economic opportunity are scored as 'Not applicable' or 'No direct impact' as per the rubric definitions for companies whose core business lies outside the financial services sector. No regulatory actions, violations, fines, or compliance issues related to fair lending or economic opportunity were mentioned in the provided articles.

Fair Pay & Worker Respect

More than 90% of employees are covered by collective bargaining agreements, including the Metalektro Collective Labour Agreements and the Technology Industry Union in Finland.

The company achieved an employee Net Promoter Score (eNPS) of 23.6%. Alfen has a Fatality Rate (FAR) of 0 since 2020. The company has a Code of Conduct, Supplier Code of Conduct, Whistle-blower policy, and Modern Slavery Policy in place. There is no public record of substantiated labor-law or human-rights violations in the past three years.

Fair Trade & Ethical Sourcing

No specific, quantitative evidence was found in the provided articles to score any of the KPIs for Fair Trade & Ethical Sourcing. While Alfen mentions using 'fair trade materials' and requiring FSC certification for all wood, no percentage of total tier-1 spend covered by certifications is provided.

The company participates in the Ksandr trade initiative to establish material passports, but no traceability coverage percentage is given. There is no data on audit frequency, forced or child labor incidents, remediation speed, ethical clause coverage percentage in contracts, share of spend on high-risk materials, or supplier diversity spend.

Honest & Fair Business

Alfen reported no regulatory fines or violations of its Code of Conduct, Whistleblower Policy, Insider Trading Policy, tax laws, fair competition, or anti-corruption policies in 2022 and 2023.

The company has not had any financial restatements mentioned in the provided documents. Its audit coverage is robust, with 97% of consolidated revenue, 98% of consolidated total assets, and 98% of consolidated profit before tax covered by independent external audit. All four members of the Supervisory Board are independent, aligning with the Dutch Corporate Governance Code. Alfen has a whistleblower policy allowing employees to report irregularities without jeopardizing their legal position, but there is no evidence of specific training frequency or public metrics on its effectiveness. The company has comprehensive anti-corruption and anti-bribery policies incorporated into its Code of Conduct and Supplier Code of Conduct, with internal training for new joiners and management, but lacks customization for high-risk areas. Approximately 45% of ethical claims are independently verified, with verification becoming more systematic. Alfen was awarded a Bronze Medal by EcoVadis in 2024 and recognized by Sustainalytics with a score of 21.5 in 2024.

Kind to Animals

Alfen N.V. operates in the energy sector, focusing on EV charging equipment, energy storage systems, and smart grid solutions. The company has no significant involvement in animal testing or the use of fur/specialty leather.

Given its business model, the company does not engage in animal husbandry, animal agriculture, or the sourcing of animal-derived products like eggs, meat, or dairy. Therefore, KPIs related to cruelty-free certification, alternative testing, humane certifications, ethical input substitution, supplier audits for animal welfare, cage-free sourcing, animal testing policies, animal testing volume, innovation investment in animal-free alternatives, animal agriculture ethics, animal-free R&D collaboration, and public policy engagement on animal welfare are not applicable to its operations.

No War, No Weapons

Alfen requires suppliers to agree to its Supplier Code of Conduct and confirm operation in line with UN Global Compact principles, which cover human rights, labor, environment, and anti-corruption.

This indicates meeting basic humanitarian procurement guidelines. The company conducts annual performance discussions for employees, which includes personal development and target setting. Alfen adopted the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles for Business and Human Rights, and has been a participant of the UN Global Compact since 2024. The company's Code of Conduct, applicable to all employees, includes core values related to professional conduct, flexibility, reliability, integrity, and safety, covering topics like acting with integrity, gifts, anti-bribery, corporate social responsibility, and health and safety. Alfen expects suppliers to ensure products are DRC conflict-free, meaning they do not contain conflict minerals that finance armed groups. Alfen has a conflict minerals policy and monitors supplier compliance. The company operates in the European Union, European Economic Area, United Kingdom, and Switzerland, and has no activities in sensitive countries. No violations of the Code of Conduct were reported in the financial year 2022.

Planet-Friendly Business

Alfen's total Scope 1, 2, and 3 (business travel) emissions for 2023 were 1,230 tCO2e.

The company has submitted short- and long-term science-based reduction targets for Scope 1, 2, and 3 GHG emissions to the Science Based Target initiative (SBTi), which are pending approval. All production-related activities use 100% renewable electricity, with 12% of gross annual electricity consumption self-generated in 2023. Water usage is monitored and kept relatively stable while revenue grew, with 4,304 m³ used in 2023. The company internally separates waste streams for optimum recycling. In 2023, 86.2% of capital expenditure was aligned with the EU Sustainable Taxonomy. Alfen uses the 'LiDS Wheel' methodology for EcoDesign guidelines and promotes the use of recycled materials. The company aims to achieve net-zero by 2050 across its value chain. Alfen included a section in its Annual Report called ‘Performance on broader range of ESG topics’ structured along CSR-D, which will be succeeded by full CSR-D reporting next year. The company creates sustainable employment opportunities for people with a distance to the labor market. Alfen requires Forest Steward Council (FSC) certification for all wood used in its products. No environmental compliance violations were reported. The company potentially avoided 6.2 Mtons of CO2 equivalent emissions in 2023 due to its installed EV charge points.

Respect for Cultures & Communities

The provided articles do not contain specific quantitative data or information regarding Alfen's practices related to respect for cultures and communities.

There is no evidence available for any of the requested metrics, including formal partnerships, revenue reinvested locally, cultural impact assessments, or any incidents.

Safe & Smart Tech

Alfen N.V. operates a Responsible Vulnerability Disclosure Program (VDP) for its publicly accessible assets, which was launched on August 23, 2024.

The program has received 3 submissions, with 1 accepted. The scope of the VDP excludes most energy storage, EV charging stations (except the EVE product line in the UK), and Smart Grid solutions. The program does not offer bounties to researchers. The company states a commitment to responsible disclosure and a legal safe harbor for ethical hacking, but no specific details on compliance with privacy regulations are provided.

Zero Waste & Sustainable Products

Alfen has committed to setting short- and long-term science-based targets in line with global warming limitation targets, which it aims to communicate early 2024.

The company had a goal to achieve lower or equivalent CO2 emissions per FTE in 2022 compared to 2019, which was met with a 56% reduction. Alfen endeavors to limit the use of hazardous substances in electrical and electronic equipment and produces a very limited amount of hazardous waste, primarily from empty canisters, cans, and bottles of paint, grease, degreaser, and anti-corrosion. There have been no waste disposal violations in the past three years. Alfen uses the 'LiDS Wheel' methodology as an ECO design tool to assess the circularity and sustainability of its existing and future product portfolio. The company has a Supplier Code of Conduct to ensure its supply chain adheres to its values.