ESG Archives - ARRAY Technologies /press_releases/esg/ Generating energy with integrity. Tue, 17 Sep 2024 22:13:46 +0000 en-US hourly 1 /wp-content/uploads/2023/01/Array-Just-Array.svg ESG Archives - ARRAY Technologies /press_releases/esg/ 32 32 ARRAY Technologies Publishes Third Annual Environmental, Social, and Governance (ESG) Report /press-release/array-technologies-publishes-third-annual-environmental-social-and-governance-esg-report/ Tue, 20 Jun 2023 12:28:43 +0000 https://vfd.pfz.mybluehost.me/?post_type=press-release&p=12968 The company achieved noteworthy progress in elevating sustainability goals and strengthening alignment with the company’s vision and values ALBUQUERQUE, N.M., (June 20, 2023)—ARRAY Technologies (NASDAQ: ARRY) (“Array” or “the Company”), a leading provider of tracker solutions and services for utility-scale solar energy projects, has published its third annual Environmental, Social, and Governance (ESG) report. The... Read more »

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The company achieved noteworthy progress in elevating sustainability goals and strengthening alignment with the company’s vision and values

ALBUQUERQUE, N.M., (June 20, 2023)—ARRAY Technologies (NASDAQ: ARRY) (“Array” or “the Company”), a leading provider of tracker solutions and services for utility-scale solar energy projects, has published its third annual Environmental, Social, and Governance (ESG) report.

The report contains notable highlights and progress updates, including:

  • Accomplishing our governance goal by increasing board female representation to 22%
  • Enhancing our ESG Governance structure that includes a Nominating and Governance Committee ESG Quarterly Review, ESG Executive Steering Committee, and ESG Working Group.
  • Conducting an inaugural materiality assessment that validated our 2025 goals.
  • Progressing towards setting a Science-Based Target (SBTi) and improving our accounting of Scope 3 emissions to better quantify our supply chain emissions and manage climate risks.
  • Improving our third-party ratings with MSCI ESG, Sustainalytics, and ISS ESG and completing a first assessment with EcoVadis.
  • Becoming an official signatory of the UN Global Compact and endorsing the UN Global Compact CEO water mandate.
  • Expanding our international footprint through the acquisition of STI Norland and strengthening our position as the global leader in solar tracking.

“Our commitment to transparency, progress and action on our measurable ESG goals has helped fuel our tremendous growth in 2022 and deepened our pledge to become a more inclusive, sustainable company,” said Kevin Hostetler, CEO of ARRAY Technologies. “We are well positioned to remain a key player in the global march towards a clean energy future and join the global business community in addressing some of the greatest challenges of our time. I remain excited by the opportunities we have as a business and a team that is dedicated to realizing our vision for ESG.”

About ARRAY Technologies

ARRAY Technologies (NASDAQ: ARRY) is a leading American company and global provider of utility-scale solar tracker technology. Engineered to withstand the harshest conditions on the planet, ARRAY’s high-quality solar trackers and sophisticated software maximize energy production, accelerating the adoption of cost-effective and sustainable energy. Founded and headquartered in the United States, ARRAY relies on its diversified global supply chain and customer-centric approach to deliver, commission and support solar energy developments around the world, lighting the way to a brighter, smarter future for clean energy. For more news and information on ARRAY, please visit arraytechinc.com.

Forward-Looking Statements

This press release contains forward-looking statements. These statements are not historical facts but rather are based on the Company’s current expectations and projections regarding its business, operations and other factors relating thereto. Words such as “may,” “will,” “could,” “would,” “should,” “anticipate,” “predict,” “potential,” “continue,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates” and similar expressions are used to identify these forward-looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors. Forward-looking statements should be evaluated together with the risks and uncertainties that affect our business and operations, particularly those described in more detail in the Company’s most recent Annual Report on Form 10-K and other documents on file with the SEC, each of which can be found on our website www.arraytechinc.com. 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. Topics that may be deemed material under the SASB Standards and/or the GRI Standards are not necessarily material for purposes of the U.S. federal securities laws or for other purposes. For additional information on the SASB Standards and the GRI Standards, please visit their respective websites. Certain of the data contained in this report is based on assumptions and estimates. Actual results may differ from the data presented.

Media Contact:

Karen Rand
505-314-6901
krand@arraytechinc.com

Investor Relations Contact:
ARRAY Technologies
Investor Relations
505-437-0010
investors@arraytechinc.com

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ARRAY Technologies Publishes 4th Annual Sustainability Disclosures /press-release/array-technologies-publishes-4th-annual-sustainability-disclosures/ Tue, 16 Jul 2024 13:03:49 +0000 https://vfd.pfz.mybluehost.me/?post_type=press-release&p=16371 The company continued to make great strides towards its Environmental, Social and Governance (ESG) goals including increasing renewably sourced electricity operations to 31% in fiscal year 2023 ALBUQUERQUE, N.M., July 16, 2024 (GLOBE NEWSWIRE)—ARRAY Technologies (NASDAQ: ARRY) (“Array” or “the company”), a leading provider of tracker solutions and services for utility-scale solar energy projects, has... Read more »

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  • The company continued to make great strides towards its Environmental, Social and Governance (ESG) goals including increasing renewably sourced electricity operations to 31% in fiscal year 2023
  • ALBUQUERQUE, N.M., July 16, 2024 (GLOBE NEWSWIRE)—ARRAY Technologies (NASDAQ: ARRY) (“Array” or “the company”), a leading provider of tracker solutions and services for utility-scale solar energy projects, has published its fourth annual ESG and sustainability disclosures in line with the company’s ongoing commitment to customers, investors, and key stakeholders to generate energy with integrity.

    ARRAY’s 2023 ESG & Sustainability disclosures can be found here.

    “Sustainability remains a foundational part of our business strategy, ensuring we do right by our people and the communities we serve,” said Kevin G. Hostetler, chief executive officer of ARRAY Technologies. “As a business with deep roots in the U.S. renewable energy market and a growing global presence, we continue to find ways to improve our economic impact and environmental performance to align with our customers and other key stakeholders. We are working with our suppliers and customers to continue building a robust and resilient clean energy ecosystem to meet global demand, while striving to be an employer of choice and a community leader.”

    The disclosures contain notable highlights and progress updates, including:

    • Renewable Electricity Usage: Increased renewably sourced electricity in operations to 29%, up from 25% the previous year.
    • Employee Safety: Achieved a 27% reduction in total recordable incident rate (TRIR) from the previous year through enhanced employee safety training and policies.
    • Emission Reductions: Continued to drive down direct emissions intensity through renewable energy sourcing and operational efficiency.
    • Diversity and Inclusion: Made notable progress in recruiting diverse candidates within middle management roles, advancing towards its 2025 goals.
    • Ethics and Cybersecurity: Strong compliance performance across business ethics and cybersecurity procedures.
    • Supply Chain Engagement: Enhanced supplier engagement to improve supply chain data and due diligence.

     

    About ARRAY

    ARRAY Technologies (NASDAQ: ARRY) is a leading American company and global provider of utility-scale solar tracker technology. Engineered to withstand the harshest conditions on the planet, ARRAY’s high-quality solar trackers and sophisticated software maximize energy production, accelerating the adoption of cost-effective and sustainable energy. Founded and headquartered in the United States, ARRAY relies on its diversified global supply chain and customer-centric approach to deliver, commission, and support solar energy developments around the world, lighting the way to a brighter, smarter future for clean energy. For more news and information on ARRAY, please visit arraytechinc.com.

     

    Forward-Looking Statements

    This press release contains forward-looking statements. These statements are not historical facts but rather are based on the Company’s current expectations and projections regarding its business, operations and other factors relating thereto. Words such as “may,” “will,” “could,” “would,” “should,” “anticipate,” “predict,” “potential,” “continue,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates” and similar expressions are used to identify these forward-looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors. Forward-looking statements should be evaluated together with the risks and uncertainties that affect our business and operations, particularly those described in more detail in the Company’s most recent Annual Report on Form 10-K and other documents on file with the SEC, each of which can be found on our website www.arraytechinc.com. 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. Topics that may be deemed material under the SASB standards, GRI standards and/or Task Force on Climate-Related Financial Disclosures (TCFD) standards are not necessarily material for purposes of the U.S. federal securities laws or for other purposes. For additional information on the SASB standards, the GRI standards or the TCFD standards, please visit their respective websites. Certain of the data contained in this report is based on assumptions and estimates. Actual results may differ from the data presented.

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    Media Contact
    Nicole Stewart
    480-208-0794
    nicole.stewart@arraytechinc.com

    Investor Relations Contact
    ARRAY Technologies, Inc.
    Investor Relations
    investors@arraytechinc.com

    The post ARRAY Technologies Publishes 4th Annual Sustainability Disclosures appeared first on ARRAY Technologies.

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    ARRAY Introduces Reusable Packaging Option /press-release/array-introduces-reusable-packaging-option/ Tue, 17 Sep 2024 22:13:46 +0000 https://vfd.pfz.mybluehost.me/?post_type=press-release&p=16689 The Company launches reusable plastic packaging to enhance sustainability and reduce costs ALBUQUERQUE, N.M., Sept. 10, 2024 (GLOBE NEWSWIRE)—ARRAY Technologies (NASDAQ: ARRY) (“ARRAY” or the “Company”), a global leader in utility-scale solar tracking, today announced the launch of a groundbreaking reusable packaging solution designed to replace traditional cardboard boxes with durable, reusable plastic casing. This... Read more »

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  • The Company launches reusable plastic packaging to enhance sustainability and reduce costs
  • ALBUQUERQUE, N.M., Sept. 10, 2024 (GLOBE NEWSWIRE)—ARRAY Technologies (NASDAQ: ARRY) (“ARRAY” or the “Company”), a global leader in utility-scale solar tracking, today announced the launch of a groundbreaking reusable packaging solution designed to replace traditional cardboard boxes with durable, reusable plastic casing. This innovative packaging is set to significantly reduce waste and contribute to the sustainability goals of ARRAY’s customers.

    The new reusable bulk packaging is designed to maximize efficiency, allowing for the transportation of more tracker components per bulk compared to traditional cardboard packaging. This improvement allows more material to be shipped in each pallet, reducing the total number of trucks required on-site and decreasing the overall labor associated with material handling, receiving, and transportation. With a lifespan of 15 years, the reusable packaging seamlessly moves between the finished goods supplier, customer sites, and third-party logistics (3PL) warehouses as needed, streamlining the entire supply chain and enhancing its eco-friendly impact.

    “It is critical for the renewable energy sector to lead the way in promoting and implementing reusable options that reduce waste and create a healthier environment,” said Kevin G. Hostetler, chief executive officer at ARRAY. “ARRAY’s business model inherently revolves around making the world more sustainable, and part of being renewable means embracing reusable. We’re eager to begin working with our customers to introduce new packaging and help make the supply chain for solar products as environmentally friendly and cost-effective as the energy source itself.”

    Reusable packaging is already proving its significant value on solar project sites. After deploying this concept on a recent project, ARRAY’s customers have shown strong interest in implementing it for future installations, recognizing the potential for cost savings and sustainability benefits. This initiative aligns with ARRAY’s ongoing commitment to reducing its environmental impact and promoting sustainable practices within the renewable energy sector.

    ARRAY continues to set industry standards, not only through its innovative solar tracking solutions but also by ensuring that its operations and products are as sustainable as the energy they help generate. The company is actively looking to pilot this initiative with additional customers to further analyze the potential savings and environmental impacts, reinforcing our commitment to sustainability across the solar industry.

     

    About ARRAY

    ARRAY Technologies (NASDAQ: ARRY) is a leading global renewable energy company and provider of utility-scale solar tracking technology. Engineered to withstand the harshest conditions on the planet, ARRAY’s high-quality solar trackers and sophisticated software maximize energy production, accelerating the adoption of cost-effective and sustainable energy. Founded and headquartered in the United States, ARRAY relies on its diversified global supply chain and customer-centric approach to deliver, commission, and support solar energy developments around the world, lighting the way to a brighter, smarter future for clean energy. For more news and information on ARRAY, please visit arraytechinc.com.

     

    Forward Looking Statements

    This press release contains forward-looking statements. These statements are not historical facts but rather are based on the Company’s current expectations and projections regarding its business, operations and other factors relating thereto. Words such as “may,” “will,” “could,” “would,” “should,” “anticipate,” “predict,” “potential,” “continue,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates” and similar expressions are used to identify these forward-looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors. Forward-looking statements should be evaluated together with the risks and uncertainties that affect our business and operations, particularly those described in more detail in the Company’s most recent Annual Report on Form 10-K and other documents on file with the SEC, each of which can be found on our website www.arraytechinc.com. 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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    Media Contact 
    ARRAY Technologies
    Nicole Stewart
    505-589-8257
    nicole.stewart@arraytechinc.com

    Investor Relations Contact
    ARRAY Technologies
    Investor Relations
    investors@arraytechinc.com

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