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Ballard Power Systems Inc
Ballard Power Systems's GHG Emissions Data Preview
In 2024, Ballard Power Systems completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Ballard Power Systems has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | 0000000 |
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aVerified Sources Behind Ballard Power Systems’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Ballard Power Systems’s data sources below and access millions more through our Disclosure Search.
Insights into Ballard Power Systems's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofBallard Power Systems amounted to1,228metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Ballard Power Systemsdecreased by 17.8%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
Ballard Power Systems's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Ballard Power Systems's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Ballard Power Systems were 943 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Compared to the previous year(2023), Ballard Power Systems's Scope 1 emissions decreased by 23.27%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are Ballard Power Systems's Scope 2 emissions?
In 2024, Ballard Power Systems reported Scope 2 greenhouse gas (GHG) emissions of 245 tCOâ‚‚e using the market-based method and 285 tCOâ‚‚e using the location-based method.a
Has Ballard Power Systems reduced its Scope 2 emissions over time?
Since 2020, Ballard Power Systems's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have remained relatively stable, indicating that Ballard Power Systems's emissions have plateaued with no significant change in its energy consumption footprint.a
Compared to the previous year(2023), Ballard Power Systems's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Ballard Power Systems's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does Ballard Power Systems use for Scope 2 reporting?
In 2024, Ballard Power Systems reported its Scope 2 emissions using the market-based method and using the location-based method.a
Ballard Power Systems's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Ballard Power Systems's Value Chain Emissions
In 2024, Ballard Power Systems reported 20,803 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Ballard Power Systems includes a breakdown across 5of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
Ballard Power Systems's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Ballard Power Systems's Scope 3 emissions?
In 2024, Ballard Power Systems reported total Scope 3 emissions of 20,803 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 100%of these emissions originated from upstream activities such as purchased goods and capital goods, while 0%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has Ballard Power Systems reduced its Scope 3 emissions over time?
Since 2020, Ballard Power Systems's Scope 3 emissionshave increased by 1,953.6%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Ballard Power Systems's Scope 3 emissions increased by 19.06%, suggesting that the company faced challenges in reducing emissions across its value chain.a
What categories of Scope 3 emissions does Ballard Power Systems disclose?
In 2024, Ballard Power Systems reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Ballard Power Systems's Scope 3 emissions?
In 2024, the largest contributors to Ballard Power Systems's Scope 3 emissions were:a
- Purchased Goods and Services (Cat. 1): 16,322 tCOâ‚‚e(85.5%)
- Employee Commuting (Cat. 7): 1,572 tCOâ‚‚e(8.24%)
- Business Travel (Cat. 6): 931 tCOâ‚‚e(4.88%)
Ballard Power Systems's Scope 3 Emissions by Categories
Insights into Ballard Power Systems’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Ballard Power Systems reported Scope 1 greenhouse gas (GHG) emissions of 943 tCOâ‚‚e and total revenues of USD 97 millions. This translates into an emissions intensity of 9.74 tCOâ‚‚e per millions USD.a
Ballard Power Systems's Scope 1 Emissions Intensity Compared to Peers
How does Ballard Power Systems's GHG emissions intensity compare to its peers?
In 2024, Ballard Power Systems reported a Scope 1 emissions intensity of 9.74 tCOâ‚‚e per millions USD. Compared to the peer group median of 4.93, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Ballard Power Systems rank on GHG emissions intensity within its industry?
In 2024, Ballard Power Systems ranked 15 out of 20 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Ballard Power Systems is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Ballard Power Systems's Total Carbon Footprint
In 2024, Ballard Power Systems reported a total carbon footprint of 22,031 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 16.16% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Ballard Power Systems's total carbon footprint was Scope 3 emissions, accounting for 94.43% of the company's total carbon footprint, followed by Scope 1 emissions at 4.28%.a