EV chargingNYSE: CHPT

ChargePoint Holdings

51Mixed / Improving

Campbell, California, USFounded 20070 followers

www.chargepoint.com

Operator of one of the world's largest EV charging networks, offering hardware, software and services across North America and Europe with over 1.3 million ports.

Green Score

51/100
Mixed / Improving
Greenwashing risk
medium
Data confidence
medium
Method
how it is calculated
Climate Impact & Solution35%78

Does the core business genuinely avoid or reduce emissions, or build climate resilience? Share of revenue that is actually 'green'. Fossil-dependent models score low.

ChargePoint's network genuinely displaces gasoline: the company estimates 9 billion electric miles enabled through January 2024, equivalent to avoiding 360 million gallons of gasoline and 1.9 million metric tons of GHG, though these are customer-side avoided emissions, not ChargePoint's own Scope 1/2 reductions, and the grid carbon-intensity caveat is real.

Decarbonization & Targets20%22

Credible, science-based targets (SBTi), a real net-zero plan with progress to date, and CDP disclosure — not just a dated press release.

No SBTi-validated near-term or net-zero targets were found; ChargePoint's SEC filings frame sustainability target-setting as a future regulatory compliance risk rather than a current strategic commitment, and no CDP disclosure score or submission was publicly confirmed.

ESG & Operations15%45

Operational footprint, labour and social practices, and governance quality across the company's own operations and supply chain.

ChargePoint achieved LEED Gold certification at its Campbell, CA headquarters and maintains a Code of Business Conduct with diversity and inclusion commitments reviewed by a board committee, but a ~12% global workforce reduction in January 2024 and persistent operating losses raise questions about long-term labor stability and governance quality.

Transparency & Verification15%32

Quality of disclosure, independent third-party verification, and how much hard data backs the company's claims.

ChargePoint publishes customer-facing GHG savings dashboards using EPA/EEA emission factors and discloses avoided emissions in its proxy statement, but no independently verified Scope 1/2/3 inventory, no formal sustainability report with third-party assurance, and no CDP questionnaire response were found, leaving a significant transparency gap for an investor audience.

Integrity15%52

Controversies, litigation, pollution, fossil-fuel lobbying, conflict-zone involvement and governance scandals. Higher means cleaner.

Two consolidated securities class action lawsuits (Khan v. ChargePoint, covering Dec 2021–Nov 2023) allege materially false and misleading statements about product demand and DC charger inventory costs, leading to the abrupt departure of both CEO and CFO; no direct environmental violations or fossil-fuel lobbying were found, but the governance scandal is material.

Why it's on ClimateTicker

ChargePoint operates one of the world's largest EV charging networks and its core service directly displaces gasoline consumption — a genuinely climate-positive business model. However, the company has no publicly validated SBTi targets, no confirmed CDP disclosure, and its own operational sustainability commitments are thin beyond a LEED-certified HQ. The climate impact is real but largely attributable to its customers, and ChargePoint's own decarbonization governance lags its marketing posture.

mitigationChargePoint sells networked EV charging hardware (Level 2 and DC fast chargers) and earns recurring revenue through subscription-based software and services (Cloud Plan) paid by charging network operators, fleet managers, and property owners across North America and Europe.

Commitments & Certifications

Controversy & Greenwashing Watch

mediumDerivative Litigation — Board Oversight Failures

Four separate derivative lawsuits were filed in California alleging board-level oversight failures related to the same inventory misrepresentation issues, subsequently consolidated into In re ChargePoint Holdings Derivative Litigation.sec.gov

highSecurities Fraud Class Action (Khan v. ChargePoint)

Consolidated class action lawsuit alleges ChargePoint and former executives made materially false and misleading statements about product demand and DC charger inventory costs from December 2021 through November 2023, resulting in large inventory impairment charges and the abrupt departure of the CEO and CFO.sec.gov

mediumMass Layoff — 12% Workforce Reduction

In January 2024, ChargePoint announced a ~12% global workforce reduction as part of a strategic reorganization, generating approximately $14 million in restructuring charges and raising labor and social governance concerns.sec.gov

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