Environmental,
Social, and
Governance Report
2022
A letter from our
President and CEO
I am pleased to share our third Environmental, Social, and Governance (ESG) Report with you. As the world’s leading supplier of microinverter-based solar-plus-storage systems, we are proud of our ability to enact transformative, sustainable growth. Our systems help millions of people gain access to clean, affordable, and reliable energy.
Badri Kothandaraman
President and CEO
What we achieved in 2022
58 million
microinverters shipped¹
64.2 TWh
of clean energy production²
815+ MWh
of storage¹
3+ million
systems deployed¹
The results of our hard work
Learn about our contributions and their equivalent real-world impact.
45 million
metric tons of CO₂e prevented from entering the atmosphere, enough to power 5.7 million homes with energy for one year³
115 billion
miles not driven by an average gasoline-powered passenger vehicle³
5.1 billion
gallons of gasoline not consumed³
12.5 thousand
wind turbines running for a year³
1.7 billion
incandescent lamps switched to LEDs³
54 billion
acres of U.S. forests planted in one year³
¹As of December 31, 2022
²Annual running total estimate based on ţţÍæ·¨ÙrÂÊ managed systems data as of December 31, 2022 grossed up for non-managed systems based on cumulative production records
³Estimate based on ţţÍæ·¨ÙrÂÊ managed systems data as of December 31, 2022 grossed up for non-managed systems based on cumulative production records; COâ‚‚e calculations based on
Environment
ţţÍæ·¨ÙrÂÊ’s best-in-class energy management solutions, spanning solar energy generation, battery storage, EV charging, and cloud-based monitoring and control, provide the smart energy needed to drive global sustainable development. Our products and services directly address the urgent challenges presented by climate change and the transition to a low-carbon economy.
People
At ţţÍæ·¨ÙrÂÊ, we strive to be a great place to work by recruiting and retaining the best, embracing diversity, equity, and inclusion, providing opportunities for learning and development, and cultivating a safe and healthy work environment.
Society
We aim to support a cleaner, more reliable, and better-performing grid, and to collaborate with a wide range of stakeholders to advance policy outcomes in support of clean energy across the world.
Governance
Our corporate governance framework is firmly rooted in risk management and compliance, which serves as the foundation for sustainability and ESG efforts at ţţÍæ·¨ÙrÂÊ. To support our commitment to drive the adoption of sustainable clean energy solutions, we participate in the development of policies and regulations around the world as part of our core governance principles.
We support the United Nations Sustainable Development Goals (UN SDG) and are committed to driving progress toward achieving those goals that align with our business strategy. Learn more about our contribution to the UN SDG inside the report.
We have continued aligning ESG disclosures with prevailing reporting frameworks, including the Sustainability Accounting Standards Board (SASB), Global Reporting Initiative (GRI), and Taskforce for Climate-Related Financial Disclosures (TCFD). See the report for more information.