Array Technologies Publishes Third Annual Environmental, Social, and Governance Report
June 20 2023 - 8:30AM
Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”), a
leading provider of tracker solutions and services for
utility-scale solar energy projects, has published its third annual
Environmental, Social, and Governance (ESG) report.
The report contains notable highlights and progress updates,
including:
- Accomplishing our governance goal by increasing board female
representation to 22%.
- Enhancing our ESG Governance structure that includes a
Nominating and Governance Committee ESG Quarterly Review, ESG
Executive Steering Committee, and ESG Working Group.
- Conducting an inaugural materiality assessment that validated
our 2025 goals.
- Progressing towards setting a Science-Based Target (SBTi) and
improving our accounting of Scope 3 emissions to better quantify
our supply chain emissions and manage climate risks.
- Improving our third-party ratings with MSCI ESG,
Sustainalytics, and ISS ESG and completing a first assessment with
EcoVadis.
- Becoming an official signatory of the UN Global Compact and
endorsing the UN Global Compact CEO water mandate.
- Expanding our international footprint through the acquisition
of STI Norland and strengthening our position as the global leader
in solar tracking.
“Our commitment to transparency, progress and action on our
measurable ESG goals has helped fuel our tremendous growth in 2022
and deepened our pledge to become a more inclusive, sustainable
company,” said Kevin Hostetler, CEO of Array Technologies. “We
are well positioned to remain a key player in the global march
towards a clean energy future and join the global business
community in addressing some of the greatest challenges of our
time. I remain excited by the opportunities we have as a business
and a team that is dedicated to realizing our vision for ESG.”
About Array TechnologiesArray Technologies
(NASDAQ: ARRY) is a leading American company and global provider of
utility-scale solar tracker 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.
Forward-Looking Statements This 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.
Forward-looking statements should be evaluated together with the
risks and uncertainties that affect our business and operations,
particularly those described in more detail in the Company’s most
recent Annual Report on Form 10-K and other documents on file with
the SEC, each of which can be found on our website
www.arraytechinc.com. Except as required by law, we assume no
obligation to update these forward-looking statements, or to update
the reasons actual results could differ materially from those
anticipated in these forward-looking statements, even if new
information becomes available in the future. Topics that may be
deemed material under the SASB Standards and/or the GRI Standards
are not necessarily material for purposes of the U.S. federal
securities laws or for other purposes. For additional information
on the SASB Standards and the GRI Standards, please visit their
respective websites. Certain of the data contained in this report
is based on assumptions and estimates. Actual results may differ
from the data presented.
Media Contact: Steve BreckenH+K
Strategies832-285-4620Steve.Brecken@hkstrategies.com
Investor Relations Contact: Array
TechnologiesInvestor Relations 505-437-0010
investors@arraytechinc.com
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