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Plug Power Issues Corporate ESG Report For The Year 2020

By June 25, 2021 3   min read  (443 words)

June 25, 2021 |

fuel cells works, Plug Power Wins Best Places to Work for Seventh Time
  • Plug Power is focused on supporting activities that promote the green hydrogen economy

LATHAM, N.Y. — Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, today released its 2020 Corporate Environmental, Social and Governance (ESG) report.

The ESG report focuses on data available in the year 2020 and details Plug Power’s efforts to link environmental and social impacts to its business strategy to lead the global green hydrogen economy. The report’s focus includes Plug Power’s GenDrive, GenFuel, GenSure, and ProGen product lines, and the operation of its Latham, NY, Clifton Park, NY, Rochester, NY, Spokane, WA, Romeoville, Il, Dayton, OH, and Montreal, Canada offices.

The company conducted a materiality assessment which will guide our focus in the coming years and will influence our approach to managing ESG expectations internally, as well as with suppliers and partners.

Plug Power’s dynamic work in 2020 has laid the building blocks to position the company to become an industry leader in the $10T hydrogen economy. Key results from the year include:

  • Green hydrogen generation activity with renewable energy partners to generate a combined 40+ tons per day with room to expand
  • 76,944-kilowatt hours of electricity generated to power the Clifton Park facility using Plug Power fuel cell systems
  • 39.1 million hydrogen fills enabled with Plug Power’s dispensing infrastructure
  • $42,000 raised by Plug Power employees to support local charities
  • 54% increase in employment of Veterans of the U.S. Armed Services from 2019
  • Executed recycling program with ELEMENT reducing landfill to only 0.13% of product weight

“Our stance is that Plug Power will only support activity that promotes the green hydrogen economy,” said Andy Marsh, CEO of Plug Power. “Our focus is to do more, help more, and be more than simply supplying the hydrogen ecosystem. We are being proactive to grow a company as good citizens at a global scale—addressing everything from product end-of-life to employee diversity to maintaining responsibility for our own environmental impact.”

Plug Power reported on the following standards: SASB Standard for the Fuel Cell Industry, Global Reporting Initiative Standard as well as company-specific Key Performance Indicators. Plug Power continues to be focused on our stakeholders and investors and working on meeting their needs.

Plug Power manages its impact for the long-term and understands the importance of having a sound strategy to address climate change and support sustainable development. We intend on issuing an annual ESG report. In order to conserve resources and energy, Plug Power has chosen not to print this report. It may be viewed online at the company’s website plugpower.com, or directly at https://www.plugpower.com/wp-content/uploads/2021/06/PlugPower_2020ESGReport_F.pdf.

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