Better Health for All

Ballard's core business, the design and manufacture of PEM fuel cell products, delivers revolutionary health benefits by providing zero-emission energy.

Fuel cell electric buses produce no tailpipe pollutants or greenhouse gases, directly eliminating localized health burdens, particularly in disadvantaged communities. In 2023, Ballard's technology avoided 497,095 tCO2e emissions and an estimated 47 million litres of diesel consumption. The company's fuel cell engines have a 99% availability rate and zero reported safety incidents in 2024. Ballard's head office is ISO 27001 certified for information security management, and its cybersecurity program proactively identifies risks and protects data. The company provides Employee and Family Assistance Programs and a free Calm app subscription to support employee mental health and well-being. Ballard also implemented COVID-19 safety measures including active screening, physical distancing, and increased cleaning.

Fair Pay & Worker Respect

Ballard Power Systems reported a CEO-to-median employee pay ratio of 31.39 in 2024, demonstrating strong equity standards.

The company's Total Recordable Injury Frequency Rate (TRIFR) was 0.90 in 2024, achieving near-zero injury status and significantly below the manufacturing industry average of 2.8 in 2023. The employee engagement score was 70% in 2024, reflecting a healthy workplace culture, with a 92% participation rate in the survey. The voluntary employee turnover rate was 8% in 2024, indicating exceptional retention. The company reported no material incidents of non-compliance, no incidents of discrimination, and no whistleblower reports in 2023 or 2024. Additionally, 92% of the workforce was permanent as of December 2024, meaning 8% are in non-permanent roles, all covered by full benefits.

Honest & Fair Business

Ballard Power Systems, Inc. has a low ESG risk rating of 18.7, ranking 25th out of 308 companies in the Electrical Equipment industry.

This places the company in the top 10% of its industry for ESG risk, indicating a low controversy profile. No specific, quantitative evidence was found for regulatory fines, transparency index scores, whistleblower policies, financial restatements, audit coverage, complaint resolution times, board conflict-free percentages, anti-corruption policies, or third-party verification of ethical claims.

Kind to Animals

Ballard Power Systems Inc. develops, manufactures, sells, and services proton exchange membrane (PEM) fuel cell products. The provided articles, including ESG reports and a Modern Slavery Act Report, do not contain any information or metrics related to animal welfare, animal testing, animal-derived ingredients, humane certifications, wildlife conservation impact, or animal agriculture practices.

The company's business model does not involve activities that would typically intersect with these animal welfare concerns, leading to all KPIs being assessed as N/A.

No War, No Weapons

Ballard Power Systems joined the United Nations Global Compact initiative, a voluntary program for responsible business practices.

This indicates support for the UN Guiding Principles on Business and Human Rights in principle, but there is no evidence of consistent implementation across divisions or specific monitoring. The company has a Conflict Minerals Policy, dated September 4, 2014, which outlines a commitment to avoiding conflict minerals from the Democratic Republic of Congo and surrounding regions. This policy requires suppliers to declare if their products contain conflict minerals and, if so, to demonstrate their origin from non-conflict areas or conflict-free smelters, and to maintain traceability data for five years. However, no quantitative data is provided on the percentage of the supply chain actually verified conflict-free, only the existence of the policy and requirements for suppliers, which suggests minimal traceability rather than verified compliance.

Respect for Cultures & Communities

Ballard Power Systems reported no cultural appropriation incidents.

The company provides a Corporate Watch policy and Ethics Point tool for reporting ethical or legal concerns, which serves as a standard grievance process. In 2024, 95% of employees completed health and safety training, and new mandatory manager training and optional employee training focused on inclusive awareness were launched. However, a specific completion rate for cultural sensitivity training is not provided.

Safe & Smart Tech

Ballard Power Systems holds ISO 27001 certification, an internationally recognized standard for information security management systems.

This indicates an established approach to information security.

Zero Waste & Sustainable Products

In 2024, Ballard recycled 68% of its waste.

For product recyclability, 52% of stack assemblies are recycled, and 100% of MEA catalysts are recyclable with 98% platinum reclaimed. The company supports circular design principles by designing products for longevity, with fuel cells built to exceed 30,000 hours of operation, and the FCmove™ module designed with 50% fewer components than previous generations. Ballard prioritizes waste reduction through its 3R framework (Reduce, Reuse, Recycle), conducts regular waste audits, and engages a licensed company for hazardous waste removal. In 2024, 18% of waste was hazardous. The company has a target to reduce greenhouse gas emissions per employee by 30% in 2021 and is committed to carbon neutrality by 2030. Suppliers are required to comply with Ballard's Supplier Conduct Principles, including environmental protection. There have been no waste disposal violations in the past three years.