EnerSys Releases Second Annual Task Force on Climate Related Financial Disclosure (TCFD) Report

EnerSys (NYSE: ENS), the global leader in energy storage solutions for industrial applications, is thrilled to present its second annual Task Force on Climate-related Financial Disclosures (TCFD) report for the calendar year 2023. This report builds off of the disclosures in our inaugural 2022 TCFD report, and echoes the company’s dedication to sustainability, aligning seamlessly with our ambitious targets of achieving net zero Scope 1 emissions by 2040 and net zero Scope 2 emissions by 2050.

"While we continue to expand and develop our sustainability initiatives, we acknowledge that mitigating risk and reducing our environmental impact cannot be considered separately,” said President & CEO David M. Shaffer. “By identifying climate-related risks that impact EnerSys, we can focus on key mitigation strategies while working toward our goals, improving our operations, and providing customer energy storage solutions and services."

The report navigates through four pivotal TCFD themes: governance, strategy, risk management, and key metrics and targets:

• Governance: The EnerSys sustainability strategy places the management of climate-related matters squarely in the hands of our Board, committees, subject matter experts, and senior leadership.
• Strategy: Continuous evaluation of climate change risks guides our adaptive approach, considering potential impacts on business, operations, and the entire value chain.
• Risk Management: Our robust Risk Management Program actively identifies risks across EnerSys, incorporating insights from every business unit and function.
• Metrics and Targets: Our commitment to transparent reporting on performance and annual goal progress is a cornerstone, fostering trust among investors, customers, and other stakeholders.

The TCFD framework serves as a powerful tool for EnerSys, facilitating effective communication with investors, customers, and employees about our vigilant management of climate-related risks. This report, coupled with previous disclosures such as our 2022 Sustainability Update and CDP report, underscores our commitment to transparent sustainability and climate action.

EnerSys remains an active participant in 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. Our steadfast commitment involves the implementation of innovative, sustainable, and value-driven sustainability strategies across all our facilities. For comprehensive insights, explore our Sustainability Webpage.