Ballard Proudly Joins the United Nations Global Compact Initiative

Rhea-AI Summary

Ballard Power Systems (NASDAQ: BLDP) has officially joined the United Nations Global Compact, a significant initiative aimed at promoting responsible business practices worldwide. This platform encourages companies to align their operations with ten key principles encompassing human rights, labor, environmental sustainability, and anti-corruption.

CEO Randy MacEwen expressed pride in this commitment, asserting that it enhances Ballard's dedication to delivering fuel cell power for a sustainable future. With over 15,000 companies participating globally, the UN Global Compact aims to drive collective impact in achieving the Sustainable Development Goals.

For more on Ballard's sustainability efforts, visit their website.

Positive

• Ballard's commitment to the UN Global Compact enhances its corporate responsibility profile.
• Joining the UN initiative aligns with Ballard's mission of sustainable fuel cell power.
• Increased visibility and credibility in sustainability efforts can positively impact stakeholder relations.

Negative

• None.

VANCOUVER, BC, April 5, 2023 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP); (TSX: BLDP) today announced that it has joined the United Nations Global Compact initiative – a voluntary leadership platform for the development, implementation and disclosure of responsible business practices.

The UN Global Compact is a call to companies everywhere to align their operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption, and to take action in support of UN goals and issues embodied in the Sustainable Development Goals.

"Ballard is proud to join the UN Global Compact alongside thousands of global leaders making the important commitment to embed responsible business within their operations. By living our shared values and using the universally accepted principles to inform strategy, policies and practices, we deepened our commitment to deliver fuel cell power for a sustainable planet, and to a just and equitable future," stated Randy MacEwen, President and Chief Executive Officer.

Ballard encourages you to visit its profile on the UN Global Compact website and learn more about our latest sustainability work on our website at https://www.ballard.com/about-ballard/our-sustainability 

About the United Nations Global Compact
Launched in 2000, the UN Global Compact is the largest corporate sustainability initiative in the world, with more than 15,000 companies and 3,000 non-business signatories based in over 160 countries, and more than 70 Local Networks. The Compact's ambition is to accelerate and scale the global collective impact of business by upholding The Ten Principles and delivering the Sustainable Development Goals through accountable companies and ecosystems that enable change.

About Ballard Power Systems
Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit www.ballard.com.

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SOURCE Ballard Power Systems Inc.

FAQ

What does joining the UN Global Compact mean for Ballard Power Systems (BLDP)?

Joining the UN Global Compact signifies Ballard's commitment to responsible business practices and aligns its operations with global sustainability goals.

When did Ballard Power Systems (BLDP) announce its participation in the UN Global Compact?

Ballard Power Systems announced its participation in the UN Global Compact on April 5, 2023.

How many companies are involved in the UN Global Compact?

The UN Global Compact includes over 15,000 companies and 3,000 non-business signatories from more than 160 countries.

What are the principles of the UN Global Compact that Ballard Power Systems (BLDP) will adhere to?

Ballard will adhere to principles related to human rights, labor, environment, and anti-corruption as part of the UN Global Compact.

Where can I learn more about Ballard Power Systems' sustainability efforts?

You can learn more about Ballard's sustainability efforts by visiting their website.