Wallbox Commits to Company-Wide Net Zero Greenhouse Gas Emissions Goal by 2030

Wallbox to reduce its global climate impact and exceed Paris Climate Agreement goals by almost two decades

Wallbox, a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, announced its goal to achieve Net Zero greenhouse gas (GHG) emissions across its global footprint by 2030. This announcement comes on the heels of the release of the company’s first sustainability report since listing on the New York Stock Exchange.

Latest Aithority Insights: AiThority.com Joins the Digital Transformation Forum 2022 (South Africa) as Media Partner

“While this is our first official pledge, it is just one example of how sustainability is part of our DNA. Last year alone we reduced the emissions from our HQ by 18%, through the installation of solar panels and the use of our proprietary energy management solution.”

“Sustainability is a driving force behind everything we do at Wallbox, and climate change is a global issue. As a global company, we feel propelled to lead by example,” said Enric Asunción, CEO and co-founder of Wallbox. “While this is our first official pledge, it is just one example of how sustainability is part of our DNA. Last year alone we reduced the emissions from our HQ by 18%, through the installation of solar panels and the use of our proprietary energy management solution.”

Browse The Complete News About Aithority: DataPath Announces COMPASS Card

Wallbox’s plan is intended to not only account for all emissions emitted from its buildings and internal operations, but also take into account its footprint throughout the full value chain of its products. To achieve this ambitious target the company has outlined a three-phase plan:

Phase 1

• Impact measurement: Measured GHG emissions from our internal operations in our offices and facilities (scope 1 and 2), which amounted to 110 tons of carbon emissions in 2021.
• Emissions reductions: Begin implementing GHG emissions reduction plan.

Phase 2

• Reduce emissions from our offices and factories to achieve a carbon free internal footprint.
• Continue to assess and reduce upstream and downstream emissions.

Phase 3

• Net Zero: Reduce emissions as much as possible and offset residual emissions to reach Net Zero by 2030.

Asunción continued, “while some carbon offsetting may be necessary, our ESG strategy will be primarily based on reducing greenhouse gas emissions as much as possible, and we plan to offset residual emissions only where we cannot reduce greenhouse gas emissions any further through other means.”

Read More About Aithority News : Fable Fintech Inks Strategic Partnership With XeOPAR

 [To share your insights with us, please write to sghosh@martechseries.com]