EnerSys makes supply chain GHG reduction commitment with FRET 21

According to the European Union, transport is the leading source of greenhouse gas emissions in France, accounting for 30% of GHG emissions in the country. The transport of goods via trucks, utility vehicles and more account for a large portion of this total, with freight transportation making up 12% of the total GHG emissions in the country.

A groundbreaking French initiative called FRET 21 is working to encourage companies to better integrate the impact of transport into their sustainable development strategy. The initiative is voluntary, but so far, over 300 companies have signed a pledge to reduce transport emissions. EnerSys is one of these companies, committing to reducing the greenhouse gas emissions of its French operations by 12.5% by 2025 with a 2022 baseline.

Spearheaded by Aurelien Soret, EMEA Supply Chain Director, Pierre Copin, Global Operation Finance Director, and Cyrille Sobanski, Plant Manager for Arras, EnerSys will work to reach its commitment through a variety of cost-neutral initiatives, including load efficiency optimization, utilization of sailing routes over land routes, utilization of renewable energy alternative technologies, reducing packaging materials, and more.

“We are very proud of this initiative, we’re not only helping build a better France, but a better world,” said Aurelien. “With lessons learned from FRET 21 in France, we hope to bring best practices to EnerSys shipping routes in other countries as well.”

Caution Concerning Forward-Looking Statements

This post, and oral statements made regarding the subjects of this release, contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, or the Reform Act, which may include, but are not limited to, statements regarding EnerSys’ projections, plans, objectives, expectations and intentions to reduce emissions and emissions intensity, ability to influence, control and change the environmental impact of its business activities, the development of future technologies, business plans, and other statements contained in this post that are not historical facts, including statements identified by words such as “believe,” “plan,” “seek,” “expect,” “intend,” “estimate,” “anticipate,” “will,” and similar expressions. All statements addressing operating performance, events, or developments that EnerSys expects or anticipates will occur in the future, including statements relating to the Company’s goals of achieving Scope 1 greenhouse gas neutrality by 2040 and Scope 2 neutrality by 2050 and ability to influence emissions related to its activities, as well as statements expressing optimism or pessimism about such plans are forward-looking statements within the meaning of the Reform Act. The forward-looking statements are based on management's current views and assumptions regarding future events and operating performance, and are inherently subject to significant business, economic, and competitive uncertainties and contingencies and changes in circumstances, many of which are beyond the Company’s control. The statements in this post are made as of the date of this post, even if subsequently made available by EnerSys on its website or otherwise. EnerSys does not undertake any obligation to update or revise these statements to reflect events or circumstances occurring after the date of this post.

Although EnerSys does not make forward-looking statements unless it believes it has a reasonable basis for doing so, EnerSys cannot guarantee their accuracy. The foregoing factors, among others, could cause actual results to differ materially from those described in these forward-looking statements. For a list of other factors which could affect EnerSys’ results, including earnings estimates, see EnerSys’ filings with the Securities and Exchange Commission, including “Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations,” and “Forward-Looking Statements,” set forth in EnerSys’ Annual Report on Form 10-K for the fiscal year ended March 31, 2023. No undue reliance should be placed on any forward-looking statements.