READING, PA — EnerSys (NYSE: ENS), a global leader in stored energy solutions, has released its second annual Task Force on Climate-related Financial Disclosures (TCFD) report for the calendar year 2023, reinforcing its commitment to sustainability and climate risk mitigation.
The newly released report builds upon the disclosures made in the inaugural 2022 TCFD report and aligns with the company’s ambitious targets of achieving net-zero Scope 1 emissions by 2040 and net-zero Scope 2 emissions by 2050.
David M. Shaffer, President & CEO of EnerSys, emphasized the intertwined nature of environmental impact reduction and risk mitigation. He said, “By identifying climate-related risks that impact EnerSys, we can focus on key mitigation strategies while working toward our goals.”
The report covers four critical TCFD themes—governance, strategy, risk management, and metrics and targets—providing investors and industry insiders with a comprehensive view of EnerSys’ climate strategy and progress.
For investors, the release of EnerSys’ second TCFD report underscores the company’s commitment to transparency and sustainability, potentially making it an attractive prospect for those prioritizing ESG (Environmental, Social, and Governance) factors in their investment decisions. The detailed approach towards governance, strategy, risk management, and key metrics also offers valuable insights into EnerSys’ resilience and strategic planning amid growing climate change risks.
For industry insiders, EnerSys’ proactive approach towards climate-related financial disclosures could serve as a benchmark for other firms in the energy sector. The company’s robust risk management program and commitment to transparent reporting may also inspire similar practices across the industry.
EnerSys’ continued participation in initiatives such as the United Nations Global Compact, the Alliance to Save Energy, the U.S. Department of Energy’s Better Plants Program, and the United Nations CEO Water Mandate further highlights its dedication to sustainable operations.
As the energy sector grapples with the challenges posed by climate change, EnerSys’ TCFD report stands as a testament to its commitment to addressing these issues head-on, potentially setting the pace for other companies in the industry.
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