Shoals Technologies Group, Inc. Releases Inaugural Environmental, Social and Governance (ESG) Report
December 15 2022 - 08:00AM
GlobeNewswire Inc.
Shoals Technologies Group, Inc. (“Shoals” or the “Company”)
(Nasdaq: SHLS), a leading provider of electrical balance of system
(“EBOS”) solutions for solar, battery storage, and electric vehicle
charging infrastructure, today announced the publication of its
2021 Environmental, Social, and Governance (ESG) Report.
The report, which captures data and findings
predominantly from the period between January 1st and December 31,
2021, was compiled using a three-step approach to identify,
prioritize, and verify ESG risks and opportunities specific to
Shoals. This process involved the consideration of widely-accepted
ESG frameworks including the Value Reporting Foundation’s
Sustainable Accounting Standards Board (SASB) Standards, as well as
the United Nations Sustainable Development Goals (UN SDGs).
“Integrating environmental, social, and
governance practices is core to the way we operate and approach our
strategic goals,” said Jason Whitaker, CEO of Shoals. “Whether
creating opportunities for solar energy and eMobility or building
an inclusive work environment, we are rising to the challenges of
our collective sustainability ambitions and the interests of the
people and communities around us.”
The report highlights Shoals’ efforts
prioritizing environmental stewardship, social commitments, and
governance responsibilities, which include:
- Aligning to
five UN SDGs , illustrating successful efforts in driving tangible
solutions to overcome global challenges such as climate change,
scaling clean energy, and expanding economic opportunities among
others.
- Making our
production and installation of our products safer for our employees
and partners.
- Embracing
diversity, equity, and inclusion throughout our Company.
- Upholding
strong ethical standards and integrity across all our business
activities with our Code of Ethics and Whistleblower Policy.
The full report is publicly accessible on
Shoals’ website at the following link: www.shoals.com/esg
About Shoals Technologies Group,
Inc.Shoals Technologies Group, Inc. is a leading provider
of electrical balance of systems (EBOS) solutions for solar,
storage, and electric vehicle charging infrastructure. Since its
founding in 1996, the Company has introduced innovative
technologies and systems solutions that allow its customers to
substantially increase installation efficiency and safety while
improving system performance and reliability. Shoals Technologies
Group, Inc. is a recognized leader in the renewable energy industry
whose solutions are deployed on over 20 GW of solar systems
globally. For additional information, please visit:
https://www.shoals.com.
Contacts Investors:Email: investors@shoals.com
Phone: 615-323-9836
Media:Email: media@shoals.com
Forward-Looking Statements
This press release contains forward-looking
statements that are based on our management’s beliefs and
assumptions and on information currently available to our
management. Forward-looking statements include information
concerning the new officers’ potential contributions, our possible
or assumed future results of operations, business strategies,
technology developments, financing and investment plans, dividend
policy, competitive position, industry and regulatory environment,
potential growth opportunities and the effects of competition.
Forward-looking statements include statements that are not
historical facts and can be identified by terms such as
“anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,”
“may,” “plan,” “potential,” “predict,” “project,” "seek," “should,”
“will,” “would” or similar expressions and the negatives of those
terms.
Forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause our
actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking statements. These risks
and uncertainties include changes to Jason Whitaker’s, our Chief
Executive Officer, circumstances, inability to find a new Chief
Executive Officer, the impact of the announcement of the Chief
Executive Officer succession and other officer appointments or
departures on the Company’s stock and its employees, suppliers and
customers, and other risks and uncertainties described in the
Company’s most recent Annual Report on Form 10-K and subsequent
filings with the Securities and Exchange Commission. Given these
uncertainties, you should not place undue reliance on
forward-looking statements. Given these uncertainties, you should
not place undue reliance on forward-looking statements. Also,
forward-looking statements represent our management’s beliefs and
assumptions only as of the date of this press release. You should
read this press release with the understanding that our actual
future results may be materially different from what we expect.
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.
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