Generac Issues 2022 Environmental, Social, and Governance Report

Rhea-AI Summary

Generac Holdings Inc. (NYSE: GNRC), a leader in energy technology solutions, released its 2022 Environmental, Social, and Governance (ESG) report on April 25, 2023. This report outlines Generac's commitment to sustainable, resilient energy solutions, focusing on product sustainability and corporate governance. It highlights the company's achievements since its inaugural ESG report in 2021 and emphasizes community support and transparency. The report includes initial infrastructure for assessing climate change risks in alignment with the Task Force on Climate-related Financial Disclosures (TCFD) and other recognized frameworks such as SASB and the United Nations Sustainable Development Goals (SDGs). For the complete report, visit www.generac.com/esg.

Positive

• Demonstrated commitment to sustainability with clear ESG goals.
• Initial infrastructure for climate risk assessment enhances strategic planning.
• Expanded disclosures align with recognized frameworks, improving transparency.

Negative

• None.

WAUKESHA, Wis., April 25, 2023 /PRNewswire/ -- Generac Holdings Inc. ("Generac") (NYSE: GNRC), a leading global designer and manufacturer of energy technology solutions and other power products, today announced the issuance of the Company's Environmental, Social, and Governance (ESG) report for the year ending December 31, 2022.

The 2022 report outlines how Generac is executing its mission to lead the evolution to more resilient, efficient, and sustainable energy solutions. The report is aimed at serving as a helpful resource for reviewing Generac's ESG achievements and ongoing efforts in key areas deemed important to stakeholders. Since its inaugural report, issued in 2021, Generac has highlighted its efforts in product and operational sustainability, social responsibility to its employees and communities, and the Company's transparency and commitment to corporate governance and its ethical values.

"In this latest ESG report, we are excited to share the work that we've accomplished and the milestones we've reached," said Aaron Jagdfeld, president and chief executive officer at Generac. "From our culture of continuous improvement to our ongoing support of our local communities to our efforts around product sustainability, this report shows our steadfast commitment to the principles of ESG and our persistent drive to make the world a better place through our products, our people, and the communities we serve."

The 2022 report also describes the initial buildout of the infrastructure for incorporating climate change risks and opportunities into the Company's business planning processes which considers the Task Force on Climate-related Financial Disclosures ("TCFD") reporting framework. In addition, there are expanded disclosures in the report in alignment with recognized frameworks and standards, including the Sustainability Accounting Standards Board ("SASB") and the United Nations Sustainable Development Goals ("SDGs"), and with reference to the Global Reporting Initiative ("GRI").

To read Generac's complete 2022 ESG report visit www.generac.com/esg. 

About Generac
Generac is a leading energy technology company that provides backup and prime power systems for home and industrial applications, solar + battery storage solutions, smart home energy management devices and energy services, advanced power grid software platforms and engine- and battery-powered tools and equipment. Founded in 1959, Generac introduced the first affordable backup generator and later created the category of automatic home standby generator. The company is committed to sustainable, cleaner energy products poised to revolutionize the 21st century electrical grid.

Media Contact: Stephanie Rodgers
Stephanie.Rodgers@Generac.com
Phone: 262.544.4811 Ext. 4456

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SOURCE Generac Power Systems, Inc.

FAQ

What key highlights are included in Generac's 2022 ESG report?

Generac's 2022 ESG report emphasizes sustainability, community support, and corporate governance, with details on initial climate risk assessment infrastructure.

How does Generac's ESG report impact its business strategy?

The report indicates Generac's commitment to integrating climate-related risks into its business planning, potentially improving long-term strategies.

When was the Generac ESG report released?

The Generac 2022 ESG report was released on April 25, 2023.

Where can I access the complete Generac 2022 ESG report?

You can access the complete report at www.generac.com/esg.

What frameworks does Generac align with in its ESG report?

Generac aligns its ESG report with TCFD, SASB, and the United Nations SDGs for improved reporting and transparency.