Forsee Power, an expert in smart battery systems for sustainable electromobility, is partnering with Chinese cell manufacturer and global leader in new energy technology CALB, for the sourcing of very high energy density cells to be integrated into its battery systems.
CALB is the first Forsee Power supplier to go through its new due diligence process, including a third-party audit, as the group is strengthening its responsible procurement approach.
Created in 2007, CALB is a global leader in new energy technology. The Chinese industrial sector, which entered the Hong Kong Stock Exchange in 2022, is planning to grow its production capacity to 500 GWh by 2025. It specializes in cells for electric vehicles and energy storage systems.
CALB is the first supplier of Forsee Power to be submitted to the third-party audit. In December 2022, Bureau Veritas ran an on-site ESG management audit of CALB, confirming the high level of social, environmental, and governance practices. Particular attention was placed on safety, material traceability as well as product carbon footprint calculation.
CALB is engaged in sustainable development, with great ecological innovation abilities, striving to reduce their products’ carbon footprint while enhancing product life cycle.
CALB supplies NMC lithium-ion battery technologies integrated into Forsee Power’s high-energy battery systems. CALB announced the construction of its European gigafactory in Portugal, presenting a European sourcing opportunity for Forsee Power in the future.
Forsee Power is positioned in booming markets—from 2.7 billion dollars in 2020 to 15.8 billion dollars in 2027—and securing sourcing everywhere the Group operates to support that growth is a key driver of the company's success. With 5 factories in Europe, Asia, and North America, Forsee Power is already leading the electric bus market in Europe and is a major player in the off-highway business.
In a context of high demand for battery cells linked to the acceleration of electromobility globally, Forsee Power endeavors to establish supply partnerships with the best cell producers in the world. These partnerships make it possible to secure procurement hence, customer deliveries, and – above all – to collaborate with responsible suppliers to maintain Forsee Power’s ESG performance at the highest level.
Indeed, the Group recently obtained the Gold Medal from EcoVadis. The sustainable development rating agency thus places Forsee Power’s performance at a very advanced level, among the top 2% of battery companies assessed worldwide. It is the result of the Group’s ESG strategy that strongly focuses on responsible procurement.
Actually, in addition to the signing of the Forsee Power Supplier Code of Conduct, from 2023, suppliers will have to complete a comprehensive ESG questionnaire to provide information on their environmental, social, and governance management and performance. Also, as part of the new Forsee Power due diligence process, suppliers are now subject to third-party audits.
These audits aim to:
- Confirm that suppliers’ ESG management system conforms with Forsee Power requirements of ESG-related standards;
- Ensure that the supplier has effectively implemented its planned arrangements;
- Guarantee that the supplier’s ESG management system can achieve the supplier’s ESG policies objectives;
- Evaluate the ability of their ESG management system to ensure the supplier’s organization meets applicable statutory, regulatory, and contractual requirements;
- Identify areas for potential improvement of the ESG management system.