Array Technologies Releases 2021 Environmental, Social and Governance Report
June 22 2022 - 8:00AM
Array Technologies (NASDQ: ARRY) (“Array” or “the Company”) has
released its 2021 Environmental, Social and Governance (ESG) report
that provides the renewable energy company’s mid-term ESG goals and
its advances in reducing its environmental footprint.
“Sustainability is the foundation of our business, motivating us
to create products that improve the efficiency of solar
photovoltaic arrays and helping to enable the critical transition
to a low-carbon renewable energy future. In parallel with our
environmental actions, Array’s governance recognizes the tantamount
importance of advancing social actions for our workforce and the
world at large,” said Array Technologies chief commercial officer
Erica Brinker. “With our 2021 ESG report, we are providing more
rigor and transparency by progressing toward widely recognized
global ESG benchmarking frameworks.”
The 2021 report also references the Sustainability Accounting
Standards Board (SASB), the Global Reporting Initiative (GRI) and
the Taskforce of Climate-Related Financial Disclosures (TCFD)
frameworks to further our engagement with stakeholders across the
ESG spectrum who increasingly seek more standardized reporting.
Later this year, Array will also undertake its first materiality
assessment to better illustrate its ESG priorities.
Also significant in this year’s report is the establishment of
goals to be achieved by year-end 2025:
- Deliver an additional 90,000 MW of
solar power
- Reduce direct emissions intensity
30% from baseline year 2021
- Source 50% of our direct energy
consumption from renewable energy sources
- Increase total workforce woman
representation by 10% from baseline year 2021
- Increase non-executive management
racial and ethnic minority representation by 10% from baseline year
2021
- Increase board woman representation
22% from baseline year 2021
This is the second ESG report since Array became a public
company in the fourth quarter of 2020. The 2021 ESG report release
follows the announcement that Array joined the UN Global Compact,
which established the 17 Sustainable Development Goals that focus
on water, energy, environment, urbanization, transportation,
science and technology, health and education, economic growth, and
equality.
Array is a leading global renewable energy company and provider
of utility-scale solar tracking technology. Array’s utility-scale
solar hardware and software maximize energy production and enable
expansion of renewable energy worldwide. In January of 2021, Array
Technologies acquired STI Norland, a Pamplona, Spain-based
utility-scale solar tracker company.
About Array Technologies, Inc.Array
Technologies (NASDAQ: ARRY) is a leading global renewable energy
company and provider of utility-scale solar tracking technology.
Engineered to withstand the harshest conditions on the planet,
Array’s high-quality solar trackers and sophisticated software
maximize energy production, accelerating the adoption of
cost-effective and sustainable energy. Founded and headquartered in
the United States, Array relies on its diversified global supply
chain and customer-centric approach to deliver, commission and
support solar energy developments around the world, lighting the
way to a brighter, smarter future for clean energy. For more news
and information on Array, please visit arraytechinc.com and
stinorland.com.
Forward Looking StatementsThis press release
contains forward looking statements. These statements are not
historical facts but rather are based on the Company's current
expectations and projections regarding its business, operations and
other factors relating thereto. Words such as "may," "will,"
"could," "would," "should," "anticipate," "predict," "potential,"
"continue," "expects," "intends," "plans," "projects," "believes,"
"estimates" and similar expressions are used to identify these
forward looking statements. These statements are only predictions
and as such are not guarantees of future performance and involve
risks, uncertainties and assumptions that are difficult to predict.
Actual results may differ materially from those in the forward
looking statements as a result of a number of factors. There may be
additional risks that the Company does not presently know or that
the Company currently believes are immaterial that could also cause
actual results to differ from those contained in the
forward-looking statements. In addition, forward-looking statements
reflect the Company’s expectations, plans or forecasts of future
events and views only as of the date of this press release. The
Company anticipates that subsequent events and developments will
cause its assessments to change. However, while the Company may
elect to update these forward-looking statements at some point in
the future, the Company specifically disclaims any obligation to do
so. These forward-looking statements should not be relied upon as
representing the Company’s assessments as of any date subsequent to
the date of this press release. Accordingly, undue reliance should
not be placed upon the forward-looking statements.
Media Contact: Karen
Rand 505-314-6901krand@arraytechinc.com Investor Relations
Contact: 505-437-0010 investors@arraytechinc.com
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