Shoals Technologies Group, Inc..
SHLS.US | Manufacture of other electronic and electric wires and cables
Shoals Technologies Group, Inc. is a leading provider of electrical balance of system (EBOS) solutions for solar, storage, and electric vehicle (EV) charging infrastructure. The company designs, manufactures, and sells a comprehensive range of EBOS components, including cable assemblies, connectors,...Show More
Better Health for All
0
No evidence available to assess Shoals Technologies Group, Inc. on Better Health for All.
Fair Money & Economic Opportunity
0
Shoals Technologies Group is a provider of electrical balance of system (EBOS) solutions for solar, storage, and EV charging infrastructure.
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The company does not operate as a financial institution, nor does it offer lending, deposit services, or consumer credit products.
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Consequently, all KPIs under the 'Fair Money & Economic Opportunity' value, which are designed for financial services companies, are not applicable to Shoals' business operations. No evidence was found regarding customer demographics for financial services, pricing fairness of loans, revenue from high-cost financial products, inclusion initiatives related to financial portfolios, customer finance data, fair lending compliance, customer wealth building outcomes, profit reinvestment in community finance, financial literacy programs, customer debt burden ratios, geographic inclusion for banking services, or product simplicity of financial offerings.
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Fair Pay & Worker Respect
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No evidence available to assess Shoals Technologies Group, Inc. on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
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No evidence available to assess Shoals Technologies Group, Inc. on Fair Trade & Ethical Sourcing.
Honest & Fair Business
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No relevant data was found across the provided articles to assess Shoals Technologies Group, Inc. against the 'Honest & Fair Business' ethical value. All articles were either unavailable, broken, or pertained to other companies, preventing the extraction of specific facts for any of the defined KPIs.
Kind to Animals
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No evidence available to assess Shoals Technologies Group, Inc. on Kind to Animals.
No War, No Weapons
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No evidence available to assess Shoals Technologies Group, Inc. on No War, No Weapons.
Planet-Friendly Business
-40
The company recycles approximately 100% of scrap metal, plastic scraps, cardboard (at Portland, TN facilities), and wooden spools (at Portland, TN production facilities).
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It also regrinds and reuses plastic scraps, with about 15% of scrap plastic reused in products.
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Shoals has considered the Task Force on Climate-related Financial Disclosures (TCFD) recommendations and included a TCFD Index in its report, with alignment planned.
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The company launched co-op and apprenticeship programs to provide technical training and job opportunities to high school students.
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Shoals has an EHS policy requiring compliance with environmental laws and promotes activities that minimize climate change impact, with zero major environmental violations reported. The company conducted an inaugural climate risk assessment, integrating it into its annual enterprise risk management assessment.
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Respect for Cultures & Communities
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No evidence available to assess Shoals Technologies Group, Inc. on Respect for Cultures & Communities.
Safe & Smart Tech
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Shoals Technologies Group reported no material cybersecurity incidents in 2024.
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The company conducts annual internal security audits and vulnerability assessments of its information systems, along with annual external audits and objective assessments of its cybersecurity program.
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It also performs regular phishing simulations and quarterly cybersecurity awareness training for employees with network access, including targeted training for specific roles.
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Policies are in place to prevent unauthorized data use and require third-party security controls.
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The company's cybersecurity program is structured according to the NIST Cybersecurity Framework, industry best practices, privacy legislation, and other standards and regulations.
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Zero Waste & Sustainable Products
-30
Shoals Technologies Group implemented several waste reduction initiatives, including its BLA solution which reduces wire runs by 75% and connections by 18% compared to traditional methods.
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The company also reuses plastic scraps and recycles wires and metals.
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In 2023, 100% of scrap metal and cardboard were recycled.
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The company reported no waste disposal violations in its 2021 and 2022 ESG reports, indicating no violations in the past three years.
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