Fluence Named an Official UN Global Compact Signatory Member
Fluence’s participation as a signatory member of the UN Global Compact is well ahead of the 2024-2025 expected timeline outlined in the Company’s 2022 Sustainability Report
ARLINGTON, Va., Nov. 30, 2023 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (“Fluence”) (NASDAQ: FLNC), a leading global provider of energy storage products and services, and optimization software for renewables and storage, announced today that Fluence has been accepted as an official United Nations Global Compact signatory member, well ahead of the 2024-2025 timeline outlined in Fluence’s 2022 Sustainability Report. The UN Global Compact is the world's largest corporate sustainability initiative, calling on companies to align their operations and strategies with the Ten Principles of the UN Global Compact in the areas of human rights, labor, environment, and anti-corruption. By becoming a signatory, Fluence reinforces its commitment to these principles and the broader goals of sustainable development and aims to strengthen its transparency through accountability.
“Being accepted as a signatory member is an important step on our sustainability journey of building a strong ESG program through structured frameworks, data, and active engagement,” said Fluence Director of ESG and Sustainability Mike Herod. “Fluence has joined more than 17,000 companies and organizations around the world that have signed the UN Global Compact and are committed to responsible corporate citizenship and sustainability. We are excited to collaborate with like-minded companies, non-governmental organizations, and other stakeholders through the Global Compact network to exchange best practices and drive positive change.”
As a signatory, Fluence will complete an annual Communication on Progress submission, demonstrating progress in working towards the Ten Principles of the Global Compact. Fluence’s commitment to the UN Global Compact includes supporting and respecting the protection of internationally proclaimed human rights and ensuring that Fluence is not complicit in human rights abuses. The Ten Principles of the Global Compact are derived from the Universal Declaration of Human Rights and the International Labor Organization’s Declaration on Fundamental Principles and Rights at Work, both of which accord with Fluence’s values.
Fluence released its inaugural sustainability report in May 2023, less than two years after its initial public offering (IPO). Since its IPO in 2021, Fluence has been creating a robust and adaptable ESG foundation to support its growth and mission, and to address the effects of climate change.
To download the Fluence fiscal year 2022 Sustainability Report, visit Fluence’s website.
Fluence Energy, Inc. (Nasdaq: FLNC) is a global market leader in energy storage products and services, and optimization software for renewables and storage. With a presence in 47 markets globally, Fluence provides an ecosystem of offerings to drive the clean energy transition, including modular, scalable energy storage products, comprehensive service offerings, and the Fluence IQ Platform, which delivers AI-enabled SaaS products for managing and optimizing renewables and storage from any provider. The Company is transforming the way we power our world by helping customers create more resilient and sustainable electric grids.
The statements described herein that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding expected benefits of joining the UN Global Compact. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as “may,” “possible,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions and variations thereof and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.
The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments, as well as a number of assumptions concerning future events, and their potential effects on our business. These forward-looking statements are not guarantees of performance, and there can be no assurance that future developments affecting our business will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, which include, but are not limited to, factors set forth under Item 1A.“Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended September 30, 2023, filed with the Securities and Exchange Commission (“SEC”) on November 29, 2023, and in other filings we make with the SEC from time to time. New risks and uncertainties emerge from time to time and it is not possible for us to predict all such risk factors, nor can we assess the effect of all such risk factors on our business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. You are cautioned not to place undue reliance on any forward-looking statements made in this press release. Each forward-looking statement speaks only as of the date of the particular statement, and we undertake no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that occur, or which we become aware of, after the date hereof, except as otherwise may be required by law.
Mike Herod, Director of ESG and Sustainability
Shayla Ebsen, Director of Communications
Phone: +1 (605) 645-7486
Lexington May, Vice President Finance & Investor Relations
Phone: +1 (713) 909-5629
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