Better Health for All

Advent Technologies' core business focuses on developing and manufacturing fuel cell systems, which are clean energy solutions. The SereneCHP 5kW system, for example, is designed to lower CO2 emissions by 80-100% and eliminate NOx/SOx emissions and particulate matter.

The company's participation in the RiverCell 3 project aims to develop maritime fuel cell systems to reduce greenhouse gas emissions. The provided articles indicate that the company's products are alternative fuel technologies and clean energy solutions, with no mention of revenue generated from products with negative health outcomes.

Fair Money & Economic Opportunity

Advent Technologies Holdings, Inc. is a company focused on developing, manufacturing, and assembling fuel cell systems and hydrogen production technologies.

Its core business does not involve offering lending, deposit, or other financial services to consumers. Therefore, all Key Performance Indicators (KPIs) related to financial products, services, and their impact on economic opportunity for underserved populations are not applicable to the company's operations. While the company's ESG report mentions internal initiatives such as 40% women representation on the Board and no pay gap between female and male employees, these are related to internal HR and governance, not external financial inclusion programs for customers. Similarly, mentions of pricing transparency and simplified technology refer to their fuel cell products, not financial products or services.

Fair Pay & Worker Respect

No specific, concrete data points relevant to the Fair Pay & Worker Respect KPIs were found in the provided article.

The article explicitly states that its content is insufficient to extract any relevant data for the requested metrics, as it contains only placeholder content without numerical data, regulatory actions, certifications, comparisons, or contradictions.

Honest & Fair Business

The company has established a confidential and anonymous whistleblower hotline and adopted a Whistleblower and Complaint Policy for employees regarding accounting, internal accounting controls, or auditing matters.

However, there is no evidence of training frequency or program effectiveness. The company states "No restatements of information are included as this is the Company’s first Report on ESG and Sustainability." The board is 60% independent. Key policies, including Anti-Corruption and Anti-Fraud, are reviewed annually, and a new Anti-Fraud Policy was recently adopted, but there is no information on training frequency or effectiveness metrics. The company's first ESG Report, covering 2021, explicitly states it has not been externally assured.

Kind to Animals

Advent Technologies Holdings, Inc. operates in the fuel cell and hydrogen technology sector, which does not typically involve animal-derived products, animal testing, or animal agriculture. The company is listed on crueltyfreeinvesting.org with 'No Animal Exploitation'.

Its R&D department grew in 2021, creating partnerships with financial institutions and research agencies in the EU and USA, but there is no evidence of this R&D being relevant to animal-free substitution. The company is involved in public policy engagement related to hydrogen development and is a member of Hydrogen Europe and other trade associations, but this engagement does not intersect with animal welfare policies. No evidence was found for measurable biodiversity impact of conservation initiatives directly related to species recovery or habitat restoration.

No War, No Weapons

The provided articles indicate that Advent Technologies Holdings, Inc. has secured contracts with the U.S. Department of Defense for fuel cell power sources, including an initial $2.2 million contract

and a subsequent $2.8 million contract for production. The company's Ion Pair MEA technology, used in these military fuel cell systems, is noted to have potential civilian applications in areas such as robotics, agriculture, drones, emergency operations, and hospitality. Additionally, Advent Technologies supports the Wounded Warrior Project. However, the articles do not provide any quantitative data regarding the percentage of company revenue derived from defense contracts, the scope of R&D investment in dual-use technologies, or the proportion of revenue allocated to peacebuilding initiatives. Therefore, no KPIs can be scored based on the available evidence.

Planet-Friendly Business

Advent A/S, the company's largest production facility, sourced 18.8% of its total operational energy (electricity and heating) from green biofuels in 2021.

The same facility recycled 51.32% of its produced waste in 2021, diverting 14,434 kg out of 28,123 kg generated. As of 2021, Advent reported zero environmental compliance violations. The company is involved in the White Dragon and Green HiPo projects in Greece, which aim to replace coal-fueled power plants and are anticipated to create 18,000 direct and 29,500 indirect jobs for White Dragon, and 1,400 jobs for Green HiPo, supporting a transition from a coal-based economy. Advent Technologies aims to achieve net-zero emissions in aviation by 2050, as stated in Article 4.

Respect for Cultures & Communities

The company reported zero cultural appropriation incidents.

FPIC processes are stated as not applicable to the company's operations. Additionally, the company does not specifically track indigenous suppliers, which is noted as not applicable to its operations.

Safe & Smart Tech

The company implements SSL encryption and role-based access control.

It states that it does not sell personal data. Users have rights to access, correct, update, delete, object to processing, request restriction, request data portability, and opt-out of marketing communications, as acknowledged under various international and US state laws. The company conducts regular security audits and staff training. Personal information is retained for at least 7 years or longer as required by law, and data is retained only as long as necessary. The company is committed to complying with GDPR, UK data protection laws, Australian Privacy Act 1988 (Cth), Thailand Personal Data Protection Act (PDPA), and U.S. state privacy laws. However, Advent Technologies Holdings, Inc. received a Nasdaq non-compliance notice in May 2025 for failing to file its Quarterly Report on Form 10-Q and Annual Report on Form 10-K by the deadlines.

Zero Waste & Sustainable Products

Advent A/S, a subsidiary, recycled 51.32% of its generated waste, diverting 14,434 kg out of 28,123 kg.

The company aims to reduce waste and reuse materials, having identified effective practices for waste disposal. Advent is committed to delivering low-carbon technology solutions based on circular processes, with new designs for electrolysis cells, stacks, and systems incorporating 'design for recycling' and 'embedding processes in a circular economy'. They are also creating a circular economy by recapturing and recycling old fuel cells, and have partnered with BASF to establish a circular economy for critical materials. Advent A/S recycled 663 kg of hazardous waste and incinerated 4,489 kg. The company commits to achieving zero waste disposal violations and has had no violations in the past three years. They aim to use materials more efficiently to reduce resource utilization and waste. Advent has company-wide waste reduction targets, including striving to reduce water consumption and aiming to measure and monitor CO2 emissions to become carbon neutral. In upcoming years, Advent will set specifications and principles for environmental, integrity, health & safety, and human rights requirements for its suppliers. Products are designed for increased reliability and durability, with HT-PEMs able to withstand extreme conditions for a longer lifetime, and new MEAs projected to enable fuel cells that last at least three times as long with potential for significant (>5x) improvement in lifetime.