Shoals Technologies Group, Inc. Sustainability Profile
Shoals Technologies Group, Inc., commonly referred to as Shoals, is a leading provider of innovative electrical balance of system (EBOS) solutions for the solar energy industry. Headquartered in the United States, Shoals operates across key regions, delivering cutting-edge products that enhance the efficiency and reliability of solar installations. Founded in 2010, the company has achieved significant milestones, including rapid growth and recognition for its commitment to sustainability. Shoals offers a range of unique products and services, including modular wiring systems and advanced monitoring solutions, which streamline the installation process and reduce costs for solar developers. With a strong market position, Shoals has established itself as a trusted partner in the renewable energy sector, contributing to the global transition towards clean energy solutions.
DitchCarbon Score
How does Shoals Technologies Group, Inc.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Communication Equipment Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Shoals Technologies Group, Inc.'s score of 31 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Shoals Technologies Group, Inc.'s reported carbon emissions
Shoals Technologies Group, Inc., headquartered in the US, currently does not report specific carbon emissions data for the most recent year. However, the company has established significant climate commitments aimed at achieving net-zero emissions. Shoals has set near-term reduction targets for both Scope 1 and Scope 2 emissions, focusing on projects that will support MGM Resorts International’s 2030 emissions reduction goals. These initiatives are designed to power MGM's 13 properties on the Las Vegas Strip, with the projects commencing in 2023 and concluding in 2030. While specific percentage reductions have not been disclosed, the commitment underscores Shoals' dedication to addressing its carbon footprint. As of now, there are no emissions data inherited from a parent or related organization, indicating that Shoals Technologies Group, Inc. is independently managing its climate strategy. The absence of reported emissions data highlights the company's focus on future initiatives rather than past performance.
How Carbon Intensive is Shoals Technologies Group, Inc.'s Industry?
How Carbon Intensive is Shoals Technologies Group, Inc.'s Location?
Shoals Technologies Group, Inc.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Shoals Technologies Group, Inc. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
