GlobalData offers a comprehensive analysis of Bloom Energy, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Bloom Energy‘s ESG performance. GlobalData’s company profile on Bloom Energy offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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Bloom Energy, a leading provider of clean energy solutions, is dedicated to reduce its GHG emisisons as part of its commitment to combat climate change. The company is actively working towards reducing its carbon and greenhouse gas (GHG) emissions. In 2022, Bloom Energy's global Scope 1 emissions totaled 1,758,296 metric tonnes of CO2e, incorporating over 99% of emissions from its worldwide fleet of Bloom Energy Servers, along with minor contributions from the company's vehicles, facility operations, and test equipment, constituting less than 1% of the overall emissions. Additionally, the Scope 2 emissions for the same year amounted to 7,267 metric tonnes of CO2e, reflecting location-based indirect emissions attributed to purchased energy sources, while market-based indirect emissions reported were 4,332 metric tonnes of CO2.
The company is focused on implementing measures to reduce its energy consumption and improve energy intensity. These efforts are aimed at minimizing its environmental footprint and contributing to a more sustainable future. Bloom Energy has taken significant steps to reduce its emissions, in 2022, emissions avoided from Bloom Projects amounted to 941,889 metric tonnes of CO2 equivalent, while Scope 3 avoided emissions from certified gas amounted to 50,000 metric tonnes of CO2 equivalent.The company has invested in innovation and equipment efficiency to reduce energy requirements. It has also implemented measures to manage water resources responsibly and minimize water-related impacts.
Additionally, Bloom Energy has focused on waste management and significant waste-related impacts, aiming to divert waste from disposal. In terms of compliance with environmental laws and regulations, Bloom Energy has reported no non-compliance in 2021. The company has also supported the extension of the Section 45Q tax credit for carbon capture and sequestration, demonstrating its commitment to environmental stewardship.
In conclusion, Bloom Energy is actively working towards reducing its carbon and GHG emissions. The company has implemented various measures to improve energy efficiency, manage water resources, and minimize waste. With its commitment to sustainability and compliance with environmental regulations, Bloom Energy is making significant strides towards a greener future.
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