STOCK TITAN

Generac Issues Annual Environmental, Social, and Governance Report

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Generac Power Systems (NYSE: GNRC) announced its annual Environmental, Social, and Governance (ESG) report for the year ending December 31, 2021. The report highlights key acquisitions and advancements in energy technology that support a transition to sustainable energy solutions. Generac emphasizes its commitment to operational sustainability, resource management, and social responsibility. CEO Aaron Jagdfeld stated the report reflects their dedication to delivering sustainable value to employees, customers, and shareholders while enhancing their ESG program to achieve measurable performance improvements.

Positive
  • Released an annual ESG report detailing successful acquisitions and advancements in energy technology.
  • Demonstrated commitment to operational sustainability and social responsibility.
Negative
  • None.

WAUKESHA, Wis., April 26, 2022 /PRNewswire/ -- Generac Power Systems (NYSE: GNRC), a leading global designer and manufacturer of energy technology solutions and other power products, today announced the issuance of the Company's annual Environmental, Social, and Governance (ESG) report for the period ending December 31, 2021. The report provides details on key acquisitions completed in 2021 that demonstrate how Generac energy ecosystems are accelerating the transition to smarter and more sustainable forms of energy, and how the Company is deploying on its mission to lead the world's evolution to more resilient, efficient, and sustainable energy solutions.

In the document, Generac also shares information regarding the Company's operational sustainability and resource management, as well as its commitment to social responsibility and the health and wellness of its employees, customers and communities. Building upon its first ESG report, Generac again conveys its commitment to corporate governance and ethical values while also emphasizing new awards and rankings.

"We are proud of what we've accomplished in not only creating, but in living our sustainability story," said Aaron Jagdfeld, president and chief executive officer of Generac. "Our Environmental, Social, and Governance Report demonstrates our efforts to deliver sustainable value for all our employees, customers and shareholders."

"As evidenced in the report, we've continued our commitment to building out an effective ESG Program to help us identify ESG topics that deserve attention and resources, developing metrics to measure our performance with respect to those topics, and setting goals to improve that performance," continued Jagdfeld. "We look forward to executing on our ESG commitments and continuing to share our progress."

To read the complete ESG report, or learn about Generac's line of products, visit www.generac.com.

About Generac
Generac Power Systems, Inc. (NYSE: GNRC) is a leading energy technology company that provides advanced power grid software solutions, backup and prime power systems for home and industrial applications, solar + battery storage solutions, virtual power plant 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 - a market in which nearly eight of ten generators sold is a Generac. The company is committed to sustainable, cleaner energy products poised to revolutionize the 21st-century electrical grid.

Contact:

Tami Kou


262-544-4811 Ext. 3950


Tami.Kou@Generac.com

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/generac-issues-annual-environmental-social-and-governance-report-301532574.html

SOURCE Generac Power Systems, Inc.

FAQ

What is the significance of the Generac ESG report released on April 26, 2022?

The ESG report outlines Generac's commitment to sustainability and highlights key acquisitions and energy advancements made in 2021.

What key metrics are included in Generac's annual ESG report?

The report includes metrics on operational sustainability, resource management, and social responsibility efforts.

How does Generac plan to measure its ESG performance?

Generac plans to develop metrics to measure performance related to important ESG topics and set improvement goals.

What is Generac's goal regarding sustainable energy solutions?

Generac aims to lead the transition to smarter, more sustainable energy systems through innovative technologies.

GENERAC HOLDINGS INC

NYSE:GNRC

GNRC Rankings

GNRC Latest News

GNRC Stock Data

9.31B
58.48M
1.7%
89.57%
4.99%
Specialty Industrial Machinery
Motors & Generators
Link
United States of America
WAUKESHA