Enphase Energy Inc.
ENPH.US | Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus
Enphase Energy, Inc. is a global energy technology company and a leading provider of microinverter-based solar and storage systems. The company designs, develops, manufactures, and sells home energy solutions that manage energy generation, storage, and communication on one platform. Enphase's microi...Show More
Better Health for All
40
Enphase Energy's core products, solar microinverters and storage systems, deliver revolutionary health benefits by providing clean energy. Since its inception, the company's microinverters have produced 80.6 terawatt-hours of clean energy
1
, which reduces dependence on polluting diesel generators
2
and prevents nearly 450,000 tons of greenhouse gas emissions
3
. This indicates that 100% of its product portfolio provides substantial health benefits by mitigating air pollution. The company has zero harmful products, with its offerings consistently providing these health benefits for over seven years. These operations generate substantial positive health externalities through significant reductions in pollution.
Fair Money & Economic Opportunity
0
Enphase Energy is an energy technology company and does not offer lending, deposit, or other direct financial services to consumers. Consequently, KPIs related to APRs, fee structures, financial product complexity, debt burden, and financial data accessibility are not applicable. While Enphase partners with organizations like GRID Alternatives to provide solar solutions to underserved communities, resulting in an estimated lifetime savings of over $273 million for recipients
1
and 9,500 installations,
2
and SolarAid, which reports a 15% average monthly income increase for users of affordable solar lights,
3
the specific quantitative data required by the rubric (e.g., percentage of total customers or pre-tax profit) for 'underserved_client_share', 'inclusion_initiatives', 'wealth_building_outcome', and 'profit_reinvestment' is not available. Educational programs by partners focus on energy cost reduction and job training, not core financial literacy as defined by the rubric.
Fair Pay & Worker Respect
0
Enphase Energy Inc. mandates compliance with wage laws, ensuring compensation meets or exceeds minimum wage requirements and includes legally mandated benefits.
1
Overtime is compensated at legal premium rates, and wage deductions as disciplinary measures are prohibited.
2
Employees receive timely and understandable wage statements.
3
The company emphasizes providing a safe and healthy work environment.
4
The company prohibits harsh or inhumane treatment, including sexual harassment, abuse, corporal punishment, and physical or mental coercion.
5
Disciplinary policies are clearly defined and communicated.
6
Enphase respects employees' rights to form and join trade unions, bargain collectively, and engage in peaceful assembly.
7
The company ensures open communication with management without fear of discrimination or retaliation.
8
The company aligns with international frameworks such as the United Nations Declaration on Human Rights.
9
However, there is no publicly available information confirming certifications like SA8000 or ISO 45001.
10
Fair Trade & Ethical Sourcing
-20
76.40% of identified smelters and refiners were certified conflict-free in 2016.
1
High-risk suppliers are audited quarterly.
2
Enphase requires suppliers comprising at least 80% of total procurement spend to acknowledge and implement its Supplier Code of Conduct, which includes ethical sourcing clauses.
3
However, Enphase does not engage in verification of product supply chains to evaluate or address the risks of human trafficking and slavery.
4
, and acknowledges challenges in tracing the exact country of origin for all conflict minerals.
5
Honest & Fair Business
-20
Enphase Energy has a comprehensive whistleblower policy, which includes a secure hotline and web portal for anonymous reporting
1
, and explicitly prohibits retaliation against those who report violations
2
. This policy is communicated to all staff and suppliers
3
, with comprehensive compliance training achieving 100% completion in 2023
4
. Reports concerning accounting, internal accounting controls, or auditing matters are directed to the Audit Committee for investigation
5
. The company also maintains a robust Anti-Bribery Policy, integrated into its Code of Conduct
6
, which applies to both representatives and suppliers
7
. This policy prohibits all forms of bribery, corruption, extortion, and embezzlement
8
, and references international laws such as the U.S. Foreign Corrupt Practices Act and the UK Bribery Act
9
, requiring accurate financial record-keeping
10
.
Kind to Animals
0
Enphase Energy's core business is the design, development, manufacture, and sale of microinverter-based solar and storage systems. As such, the company's operations do not involve animal-derived products, animal testing, animal agriculture, or animal-related suppliers. Therefore, most animal welfare KPIs are not applicable to its business model and are assigned a tier of 0. While Enphase has contributed solar systems to organizations supporting wildlife conservation and animal care
1
,
2
,
3
, the provided articles do not offer measurable biodiversity impact, species recovery metrics, or specific funding percentages directly attributable to Enphase's initiatives for the 'wildlife_conservation_impact' KPI, leading to its omission.
No War, No Weapons
0
The company identified 69.8% of its smelters/refiners as Responsible Minerals Assurance Process (RMAP) conformant or active in 2024, though it was unable to determine the origin of all conflict minerals in its products.
1
It conducts annual human-rights due diligence in conflict-affected areas, publishing a Conflict Minerals Report, and performs annual verification for human trafficking and slavery absence in its supply chain.
2
Its due diligence processes for conflict minerals are designed in conformity with the OECD Due Diligence Guidance for Responsible Supply Chains, with performance publicly reported.
3
The company conducts annual reviews of partners for conflict minerals, achieving a 100% Conflict Minerals Reporting Template (CMRT) completion rate from suppliers in 2023, and has a policy for corrective action or seeking alternative sources for non-compliant suppliers.
4
It adheres to high humanitarian procurement standards by requiring suppliers to comply with international standards and laws regarding slavery and human trafficking, and by following the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas.
5
Planet-Friendly Business
-30
Enphase Energy has a stated net-zero target year of 2030. The company reported total carbon emissions of 64,606 metric tons CO₂ equivalent in 2023, including 15,529 metric tons for Scope 2 and 49,077 metric tons for Scope 3.
1
It aims to reduce its Scope 1 and 2 economic emissions intensity by 30% by 2030, based on 2021 figures.
2
Additionally, Enphase partners with organizations like GRID Alternatives to install solar solutions in underserved communities, enhancing clean energy accessibility.
3
Respect for Cultures & Communities
0
Enphase Energy collaborated with the K’ómoks First Nation in British Columbia, Canada, to install a 26.2 kW solar energy system for their Administration Building
1
. This project is projected to offset 35% of the building's electrical energy needs
2
and reduce annual CO₂ emissions by 534 metric tons
3
. The collaboration was executed in partnership with Hakai Energy Solutions
4
.
Safe & Smart Tech
0
Enphase Energy complies with data protection laws, including CCPA and GDPR, and implements significant safeguards for personal data.
1
Zero Waste & Sustainable Products
-10
Enphase Energy designs microinverters with 92% of their components being recyclable
1
, and these products are designed for a 25-year lifespan
2
. In 2023, the company reported diverting 100% of its hazardous waste, e-waste, and universal waste from landfills across its operations in Germany, India, New Zealand, and the United States, preventing approximately 3,600 metric tons of electronic waste from disposal
3
. The company has implemented waste reduction initiatives in its facilities, including eliminating single-use items, providing reusable dishware and utensils, and establishing recycling programs for materials like ink cartridges, plastics, glass, and metals
4
. All contract manufacturers are certified to ISO 14001 Environmental Management System standards
5
.