Enphase Energy Releases 2021 Environmental, Social, and Governance Report

Rhea-AI Summary

Enphase Energy (NASDAQ: ENPH) released its 2021 Environmental, Social, and Governance (ESG) Report, detailing progress in sustainable initiatives since the inaugural report in 2021. Key achievements include measuring its carbon footprint, promoting workplace diversity, and aligning with global sustainability goals. The report follows standards from the Sustainability Accounting Standards Board and provides disclosures on climate-related financial risks. Enphase continues to focus on its ESG commitments to foster a sustainable future.

Positive

• Released 2021 ESG Report highlighting progress on sustainability initiatives.
• Reported advancements in measuring carbon footprint and promoting diversity.
• Aligned business practices with global sustainability goals, enhancing investor confidence.

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• None.

FREMONT, Calif., May 25, 2022 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, today announced the release of its 2021 Environmental, Social, and Governance (ESG) Report, which provides an update on Enphase's ESG policies and initiatives.

“We are pleased to share the progress on Enphase’s ESG efforts in support of our purpose of advancing a sustainable future for all,” said Lisan Hung, vice president, general counsel, and corporate secretary of Enphase Energy. “Since the publication of our inaugural ESG report in 2021, we have made strides in measuring our carbon footprint, cultivating a diverse and inclusive workplace, and raising awareness of ESG issues in every aspect of our business. We are committed to building on this foundation to establish long-term goals aligned with the needs of global sustainable development, and we are optimistic for what the future holds for our ESG journey.”

The ESG Report identifies key focus areas and fundamental ESG standards relevant to Enphase’s business and its investors based on guidance from the Sustainability Accounting Standards Board (SASB) industry specific standards and references the Global Reporting Initiative (GRI) standards to report on additional material sustainability issues. In addition, Enphase provides disclosures aligned with the four key themes of the Taskforce for Climate-Related Financial Disclosure (TCFD) and compares its business activities and strategy to the United Nations Sustainable Development Goals (UN SDGs).

To view a copy of the ESG report, please visit the Company’s website.

About Enphase Energy, Inc.

Enphase Energy, a global energy technology company based in Fremont, CA, is the world's leading supplier of microinverter-based solar and battery systems that enable people to harness the sun to make, use, save, and sell their own power—and control it all with a smart mobile app. The company revolutionized the solar industry with its microinverter-based technology and builds all-in-one solar, battery, and software solutions. Enphase has shipped more than 45 million microinverters, and over 2.0 million Enphase-based systems have been deployed in more than 135 countries. For more information, visit https://www.enphase.com and follow the company on Facebook, LinkedIn and Twitter.

© 2022 Enphase Energy, Inc. All rights reserved. Enphase, the "e" logo, and certain other names and marks are trademarks of Enphase Energy, Inc. Other names are for informational purposes and may be trademarks of their respective owners.

Forward-Looking Statements

This press release may contain forward-looking statements, including statements related to Enphase Energy's key initiatives and future performance. These forward-looking statements are based on Enphase's current expectations and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of certain risks and uncertainties including those risks described in more detail in Enphase’s most recently filed Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, its Annual Report on Form 10-K for the year ended December 31, 2021, and other documents on file with the SEC from time to time, which are available on the SEC's website at www.sec.gov. Enphase Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations, except as required by law.

Enphase Contacts:
Karen Sagot
Investor Relations
ir@enphaseenergy.com

Enphase Energy
Media
press@enphaseenergy.com

FAQ

What is the significance of Enphase Energy's 2021 ESG Report?

The report outlines Enphase's progress in sustainability efforts, focusing on carbon footprint measurement and diversity.

How does Enphase Energy align with global sustainability goals?

Enphase's ESG Report aligns its initiatives with the United Nations Sustainable Development Goals.

What are the key focuses of Enphase Energy's ESG policies?

The key focuses include environmental impact, social responsibility, and governance standards.

When was the 2021 ESG Report by Enphase Energy released?

The report was released on May 25, 2022.

What standards does Enphase Energy's ESG Report adhere to?

The report references Sustainability Accounting Standards Board standards and the Global Reporting Initiative.