Shoals Technologies Group, Inc. publishes inaugural Environment, Society and Governance (ESG) report | Daily News Byte

Shoals Technologies Group, Inc.  publishes inaugural Environment, Society and Governance (ESG) report

 | Daily News Byte

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Shoals Technologies Group

Shoals Technologies Group

– The inaugural report highlights the company’s achievements and approach to ESG strategy –

PORTLAND, Tenn., Dec. 15, 2022 (GLOBE NEWSWIRE) — Shoals Technologies Group, Inc. (“Shoals” or the “Company”) (Nasdaq: SHLS), a leading provider of Electric Balance of Systems (“EBOS”) solutions for solar infrastructure, battery storage and electric vehicle charging infrastructure, today announced the release of its Environmental, Society and governance (ESG) for 2021.

The report, which includes data and findings predominantly from the period between January 1 and December 31, 2021, was compiled using a three-step approach to identify, prioritize and verify Shoals-specific ESG risks and opportunities. This process included consideration of widely accepted ESG frameworks, including the Values ​​Reporting Foundation’s Sustainable Accounting Standards Board (SASB) standards, as well as the United Nations’ Sustainable Development Goals (UN SDGs).

“Integrating environmental, social and governance practices is central to how we operate and approach our strategic goals,” said Jason Whittaker, CEO of Shoals. “Whether we’re creating opportunities for solar energy and eMobility or building an inclusive work environment, we face the challenges of our collective sustainability ambitions and the interests of the people and communities around us.”

The report highlights Shoals’ efforts by prioritizing environmental stewardship, social responsibilities and management responsibilities, which include:

  • Alignment with the five UN SDGs, illustrating successful efforts to find tangible solutions to overcome global challenges such as climate change, increasing clean energy and expanding economic opportunity among others.

  • Let’s make our production and installation of our products safer for our employees and partners.

  • Embracing diversity, equality and inclusion throughout our company.

  • Maintaining strong ethical standards and integrity in all our business activities with our code of ethics and whistleblower policy.

The full report is publicly available on Shoals’ website at the following link: www.shoals.com/esg

About Shoals Technologies Group, Inc.
Shoals Technologies Group, Inc. is a leading provider of Electric Balance of Systems (EBOS) solutions for solar, storage and EV charging infrastructure. Since its founding in 1996, the company has introduced innovative technologies and system solutions that enable its customers to significantly increase installation efficiency and safety while improving system performance and reliability. Shoals Technologies Group, Inc. is a recognized leader in the renewable energy industry whose solutions are deployed on over 20 GV solar systems worldwide. For additional information, visit: https://vvv.shoals.com.

Contacts
investors:
Email: investors@shoals.com
Phone: 615-323-9836

The media:
Email: media@shoals.com

Forward-looking statements

This press release contains forward-looking statements that are based on the beliefs and assumptions of our management and on information currently available to our management. Forward-looking statements include information about the potential contribution of new employees, our possible or anticipated future results of operations, business strategies, technological developments, financing and investment plans, dividend policy, competitive position, industry and regulatory environment, potential growth opportunities and the effects of competition. Forward-looking statements include statements that are not historical facts and can be identified by terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan” , ” “potential”, “anticipate”, “project”, “seek”, “should”, “will”, “would” or similar expressions and negatives of those terms.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks and uncertainties include changes in Jason Whittaker, our Chief Executive Officer, circumstances, the inability to find a new Chief Executive Officer, the impact of the announcement of the succession of the Chief Executive Officer and other appointments or departures of officers on the Company’s stock and its employees, suppliers and customers, and other risks and uncertainties described in the Company’s most recent Annual Report on Form 10-K and subsequent filings with the Securities and Exchange Commission. Given these uncertainties, you should not place undue reliance on forward-looking statements. Given these uncertainties, you should not place undue reliance on forward-looking statements. Also, forward-looking statements represent the beliefs and assumptions of our management only as of the date of this press release. You should read this press release with the understanding that our actual future results may differ materially from what we expect.

Except as required by law, we undertake no obligation to update these forward-looking statements, or to update any reasons that could cause actual results to differ materially from those projected in these forward-looking statements, even if new information becomes available in the future.

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