Bloom Energy Corp

Lobbying Governance

AI Extracted Evidence Snippet Source

Management of public-policy positions [...] We continuously evolve our ESG strategy by identifying key trends in the energy industry, understanding internal and external risks across the spectrum of our activities, and advancing the programs and policies best suited to manage those risks. We monitor new developments across the voluntary and regulatory landscape to ensure that our company is responsive to existing and emerging requirements, policy development, disclosures, and programmatic action. [...] Board Oversight of ESG [...] The Nominating, Governance & Public Policy Committee (the "Nominating Committee") has oversight of ESG matters in general in recognition of their relevance to our business. The Audit Committee, with its oversight of risk management processes and financial matters, and the Compensation and Organizational Development Committee (the "Compensation Committee"), which oversees human capital matters, and shares relevant information and analysis with the Nominating Committee. The full Board takes the work of these committees into account in considering and providing guidance on our strategy and objectives for the short, medium, and long-term, including on climate and other sustainability-related strategy and objectives. Management regularly provides the Nominating Committee with background on emerging trends, evolving external reporting frameworks, and the importance of ESG to the business.

https://www.bloomenergy.com/wp-content/uploads/2024-bloom-energy-impact-report.pdf

$0, the Corporation did not make any financial or in-kind political contributions. The Bloom Energy Corporation Political Action Committee (Be PAC) was established in 2021. Be PAC is funded exclusively through voluntary contributions from Bloom Energy employees and shareholders. The purpose of the PAC is to create a forum for Bloom employees and shareholders to engage in the political process and support candidates for federal office that are aligned with Bloom's policy goals. The Be PAC campaign finance data can be found at www.fec.gov.

https://www.bloomenergy.com/wp-content/uploads/2021-bloom-energy-sustainability-report-GRI.pdf

The Bloom policy team is directly engaged with relevant regulatory and policy authorities in key markets to maintain incentive structures, clarify exposure to carbon pricing regimes and regulatory issues associated with gas access. Our policy, legal, and regulatory teams and consultants are focused heavily on direct policy engagement on local, state, and federal levels, as well as participation in key multi-stakeholder working groups such as the Fuel Cell and Hydrogen Industry Association and the Hydrogen Council. [...] The ESG Committee, which is comprised of cross-functional leaders from across the company is responsible for setting ESG priorities and objectives, approving strategic initiatives, and assigning responsibility for the management of emergent issues to leaders across the organization. The Committee meets quarterly and may meet more frequently as needed. This body is responsible for sharing updates with the CEO and board committees. [...] In 2020, our Board delegated to the Nominating, Governance & Public Policy Committee (the "Nominating Committee") oversight of ESG matters in general in recognition of their relevance to our business given that the Nominating Committee was already chartered with corporate governance matters, non-financial regulatory matters, and policy. The Audit Committee, with its oversight of risk management processes and financial matters, and the Compensation and Organizational Development Committee (the "Compensation Committee"), which oversees human capital matters (including inclusion and diversity), shares relevant information and analysis with the Nominating Committee. The full Board takes the work of these committees into account in considering and providing guidance on our strategy and objectives for the short-, medium-, and long-term, including on climate and other sustainability-related strategy and objectives. Management regularly provides the Nominating Committee with background on emerging trends, evolving external reporting frameworks, and the importance of ESG to the business.

https://www.bloomenergy.com/wp-content/uploads/2022-bloom-energy-sustainability-report.pdf