STOCK TITAN

Nextracker Releases Inaugural Sustainability Report

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Very Positive)
Tags

Nextracker (NXT) has released its first Sustainability Report for 2024, marking a significant milestone since becoming independent in January 2024. The report outlines the company's comprehensive Environmental, Social, and Governance (ESG) strategy and achievements, including completion of its first materiality assessment.

Key highlights include environmental initiatives such as ISO 14001 certification in Brazil, emissions measurement, and climate risk assessment. Social achievements encompass ISO 45001 certification for U.S. operations, DEI policies, and community programs. The company has established governance structures including an ESG Executive Council and is committed to the Science Based Targets initiative (SBTi) for emissions reduction.

Nextracker (NXT) ha pubblicato il suo primo Rapporto di Sostenibilità per il 2024, segnando una pietra miliare significativa dalla sua indipendenza avvenuta a gennaio 2024. Il rapporto delinea la strategia e i risultati complessivi dell'azienda in materia di Ambiente, Sociale e Governance (ESG), incluso il completamento della sua prima valutazione di materialità.

I punti salienti includono iniziative ambientali come la certificazione ISO 14001 in Brasile, la misurazione delle emissioni e la valutazione dei rischi climatici. I risultati sociali comprendono la certificazione ISO 45001 per le operazioni negli Stati Uniti, le politiche DEI e i programmi comunitari. L'azienda ha istituito strutture di governance, tra cui un Consiglio Esecutivo ESG, ed è impegnata nell'iniziativa Science Based Targets (SBTi) per la riduzione delle emissioni.

Nextracker (NXT) ha lanzado su primer Informe de Sostenibilidad para 2024, marcando un hito significativo desde que se convirtió en independiente en enero de 2024. El informe describe la estrategia y los logros integrales de la empresa en materia de Medio Ambiente, Social y Gobernanza (ESG), incluyendo la finalización de su primera evaluación de materialidad.

Los aspectos más destacados incluyen iniciativas ambientales como la certificación ISO 14001 en Brasil, la medición de emisiones y la evaluación de riesgos climáticos. Los logros sociales abarcan la certificación ISO 45001 para las operaciones en EE. UU., políticas de DEI y programas comunitarios. La empresa ha establecido estructuras de gobernanza, incluyendo un Consejo Ejecutivo ESG, y está comprometida con la iniciativa Science Based Targets (SBTi) para la reducción de emisiones.

Nextracker (NXT)2024년 지속 가능성 보고서 첫 번째를 발표하며 2024년 1월 독립 이후 중요한 이정표를 세웠습니다. 이 보고서는 회사의 포괄적인 환경, 사회 및 거버넌스(ESG) 전략 및 성과를 설명하며, 첫 번째 중요성 평가의 완료를 포함하고 있습니다.

주요 하이라이트에는 브라질의 ISO 14001 인증, 배출량 측정 및 기후 위험 평가와 같은 환경 이니셔티브가 포함됩니다. 사회적 성과에는 미국 운영을 위한 ISO 45001 인증, DEI 정책 및 커뮤니티 프로그램이 포함됩니다. 이 회사는 ESG 이사회와 같은 거버넌스 구조를 설정하였으며, 배출량 감축을 위한 Science Based Targets Initiative(SBTi)에 전념하고 있습니다.

Nextracker (NXT) a publié son premier Rapport de Durabilité pour 2024, marquant une étape importante depuis son indépendance en janvier 2024. Le rapport décrit la stratégie et les réalisations globales de l'entreprise en matière d'Environnement, de Social et de Gouvernance (ESG), y compris l'achèvement de sa première évaluation de matérialité.

Les points forts incluent des initiatives environnementales telles que la certification ISO 14001 au Brésil, la mesure des émissions et l'évaluation des risques climatiques. Les réalisations sociales englobent la certification ISO 45001 pour les opérations américaines, les politiques DEI et les programmes communautaires. L'entreprise a établi des structures de gouvernance, y compris un Conseil Exécutif ESG, et s'engage dans l'initiative Science Based Targets (SBTi) pour la réduction des émissions.

Nextracker (NXT) hat seinen ersten Nachhaltigkeitsbericht für 2024 veröffentlicht und damit einen wichtigen Meilenstein seit der Unabhängigkeit im Januar 2024 erreicht. Der Bericht skizziert die umfassende Strategie und die Erfolge des Unternehmens in Bezug auf Umwelt, Soziales und Governance (ESG), einschließlich der Fertigstellung seiner ersten Wesentlichkeitsanalyse.

Zu den wichtigsten Highlights gehören Umweltinitiativen wie die ISO 14001-Zertifizierung in Brasilien, die Messung von Emissionen und die Bewertung von Klimarisiken. Zu den sozialen Erfolgen gehören die ISO 45001-Zertifizierung für die US-Operationen, DEI-Richtlinien und Gemeinschaftsprogramme. Das Unternehmen hat Governance-Strukturen etabliert, darunter einen ESG-Vorstand, und setzt sich für die Science Based Targets Initiative (SBTi) zur Emissionsreduzierung ein.

Positive
  • None.
Negative
  • None.
  • First Sustainability Report since becoming a fully independent company in January 2024, highlighting Nextracker’s commitment to corporate responsibility and its mission to make clean, affordable renewable energy accessible to all
  • Report features insights from the company’s first materiality assessment, guiding the development of a robust Environmental, Social, and Governance (ESG) strategy

FREMONT, Calif.--(BUSINESS WIRE)-- Nextracker (Nasdaq: NXT) today released its inaugural Sustainability Report for 2024. This report outlines Nextracker's progress in building a comprehensive ESG program and strategy. The report also reflects the Company’s commitment to sustainability, highlighting key milestones such as the completion of its first materiality assessment.

Nextracker Inaugural Sustainability Report 2024 (Graphic: Nextracker)

Nextracker Inaugural Sustainability Report 2024 (Graphic: Nextracker)

“Our inaugural Sustainability Report is a significant milestone that reflects our commitment to ambitious ESG standards, further fueling our vision and mission,” said Dan Shugar, founder and CEO of Nextracker. “At Nextracker, we have embedded strong ESG principles across our global operations and business execution. We are proud to advance sustainability, foster social responsibility, and deliver long-term value for our stakeholders.”

Nextracker is committed to setting future sustainability targets, including long-term, company-wide emissions reductions aligned with climate science and the Science Based Targets initiative (SBTi). To drive this effort forward, Nextracker has built a robust sustainability team with deep industry expertise, guiding ESG initiatives across every stage of its customers’ project lifecycle and operations. This commitment positions Nextracker at the forefront of technology innovation, advancing both its mission and the broader energy transition.

The 2024 Sustainability Report is available on Nextracker’s website to explore interactively and as a downloadable PDF.

The report marks Nextracker’s first independent alignment with the Sustainability Accounting Standards Board (SASB) standards for the Electrical and Electronic Equipment Industry and reflects its adherence to the United Nations Sustainable Development Goals (SDGs).

2024 Sustainability Report Highlights

Environmental

  • Published an official Environmental Policy
  • Completed Climate Risk Assessment
  • Achieved ISO 14001 Environmental Management System certification in Brazil
  • Measured and inventoried Scope 1, 2, and 3 emissions
  • Achieved third-party1 assurance for Scope 1 and 2 emissions for CY2023

Social

  • Earned the ISO 45001 Occupational Health and Safety certification for U.S. operations
  • Published key policies on Workplace Health and Safety, and Diversity, Equity, and Inclusion (DEI)
  • Established a DEI and culture leadership role to further champion inclusivity
  • Expanded community programs and staff volunteerism, focused on energy equity in rural health clinics and schools, clean energy workforce development, and developing the next generation of clean energy leaders
  • Launched employee-led resource groups to foster an inclusive culture worldwide

Governance and Accountability

The report underscores Nextracker’s commitment to ethical governance, essential to responsible business operations. Aligned with UN Sustainable Development Goal 16, the company emphasizes transparency, accountability, and continuous improvement. Key governance highlights include:

  • Board of Directors Oversight: Diverse perspectives guiding decision-making
  • ESG Executive Council: Led by an executive sponsor to ensure top-level sustainability leadership
  • ESG Steering Committee: Participation from cross-functional teams to drive forward sustainability and ESG initiatives

For more information on Nextracker’s governance, visit Investor Relations.

About Nextracker

Nextracker is a leading provider of intelligent, integrated solar tracker, foundations, and software solutions used in utility-scale and ground-mounted distributed generation solar projects around the world. Our products enable solar PV power plants to follow the sun’s movement across the sky and optimize plant performance. With power plants operating in more than forty countries worldwide, Nextracker offers solar tracker technologies that increase energy production while reducing costs for significant plant ROI. For more information, please visit Nextracker.com.

____________________________
1 TUV third party assurance for Nextracker, 2024.

Investors, Financial Media

Mary Lai

VP, Investor Relations, Financial Comm., ESG

investor@nextracker.com

Media

Kristan Kirsh

SVP, Global Marketing

Media@nextracker.com

Source: Nextracker

FAQ

What are the key environmental achievements in Nextracker's 2024 Sustainability Report?

Nextracker's environmental achievements include obtaining ISO 14001 certification in Brazil, completing a Climate Risk Assessment, publishing an Environmental Policy, measuring Scope 1, 2, and 3 emissions, and achieving third-party assurance for Scope 1 and 2 emissions for CY2023.

How is Nextracker (NXT) addressing social responsibility in its 2024 report?

Nextracker is addressing social responsibility through ISO 45001 Occupational Health and Safety certification in U.S. operations, implementing DEI policies, establishing DEI leadership roles, expanding community programs, and launching employee-led resource groups globally.

What governance structures has Nextracker implemented according to its 2024 Sustainability Report?

Nextracker has implemented a Board of Directors with diverse perspectives, an ESG Executive Council led by an executive sponsor, and an ESG Steering Committee with cross-functional team participation to drive sustainability initiatives.

Which sustainability standards does Nextracker's 2024 report align with?

The report aligns with the Sustainability Accounting Standards Board (SASB) standards for the Electrical and Electronic Equipment Industry and the United Nations Sustainable Development Goals (SDGs).

Nextracker Inc.

NASDAQ:NXT

NXT Rankings

NXT Latest News

NXT Stock Data

5.29B
141.93M
0.43%
103.18%
8.71%
Solar
Search, Detection, Navagation, Guidance, Aeronautical Sys
Link
United States of America
FREMONT