GHG Emissions and Resource Efficiency
Overview
As a global industry leader, Nextracker considers materials and product impact seriously. We hold ourselves accountable through data collection and reporting and have committed to creating science-based targets.
Section Contents:
Climate and Greenhouse Gas Emissions*
Energy Management and Renewable Energy Use*
* Bolded items align to strategic framework
Related United Nations Sustainable Development Goals
Environmental Management
As a leading solar tracker and technology company, our commitment to tracking and reducing our environmental impact is a business imperative. We commit to transparently reporting our progress to demonstrate how we manage our operations in an environmentally responsible manner.
Oversight
Our Director, Global Environment, Health, and Safety oversees our environmental efforts and updates Executive Management bi-annually.
Nextracker is developing an Environmental Management System in the U.S. in accordance with ISO: 14001 with the goal of achieving certification in FY25 for our headquarters. We are building this upon our existing Safety Management System, forming an integrated Environmental Health and Safety (EHS) Management System for Nextracker going forward.
We achieved the ISO 14001 certification for Brazil in FY24. Our Environmental Policy guides our actions. The policy covers compliance, pollution prevention, water protection, stakeholder engagement, training, risk assessment and management, and taking a life cycle perspective on supplier and contractor management.
Climate Risk Assessment
In FY24, we hired a third-party expert to help us conduct a climate risk assessment to more deeply understand how climate impacts our business. The process evaluated our physical and transition risks and conducted scenario analyses according to the Intergovernmental Panel on Climate Change. We shared the results with our Environmental Risk Management Team to be included in our enterprise risk management (ERM) processes.
Climate and GHG Emissions
At Nextracker, reducing our carbon footprint aligns with our business and operational values and is a primary focus for our company. We maintain a relatively small corporate footprint, working primarily in leased office spaces, which keeps our scopes 1 and 2 emissions to a minimum. A vast majority of our emissions are classified as scope 3 emissions, and this emissions category commands the majority of our focus toward improvement.
Nextracker calculates its emissions according to the globally accepted Greenhouse Gas Protocol’s Corporate Accounting and Reporting Standard. Nextracker additionally responds annually to the CDP climate change questionnaire, providing more detailed information.
Scope 1 and 2 Emissions
Nextracker calculated its greenhouse gas emissions for scopes 1 and 2 for CY23. The sources of scopes 1 and 2 emissions across our operations include:
- Direct, on-site consumption of fuel (i.e., generators)
- Gasoline consumption from vehicle fleet
- Fugitive emissions from the purchase of refrigerants
- Emissions from purchased electricity
We primarily operate out of leased office spaces. Most of the scope 1 and 2 emissions generated from our small footprint come from electricity consumption. Three of Nextracker’s office buildings also consume alternate fuels for heating, such as diesel or natural gas. In 2023 our Fremont facility used 100 percent renewable electricity from a combination of onsite generation and purchased electricity. Additionally, the emissions from electricity consumption at our Brazil office is completely offset using renewable energy credits (RECs). The market-based emissions reflect our decision to purchase 100 percent renewable electricity at these two locations.
Scope 1 and 2 Data
*Nextracker completed limited assurance for scope 1 and 2 emissions for CY23 emissions.
**Market-based emissions calculations assume 100 percent renewable electricity is purchased from utility providers at Fremont and Brazil facilities.
Scope 3 Emissions
The biggest contribution to our carbon footprint lives in our value chain or our scope 3 emissions. Details of our methodology can be found within our listed GHG Methodology in the Appendix.
Scope 3 Data*
*Scope 3 data has not been assured.
**Categories omitted:
- Not applicable or relevant: upstream leased assets, downstream transportation and distribution, processing of sold products, downstream leased assets, franchises, and investments
- Less than 1 percent of scope 3 total: capital goods, fuel- and energy-related activities, waste generated in operations, business travel, and employee commuting
Resource Efficiency
Nextracker is committed to improving the energy efficiency of its facilities through a combination of energy efficiency efforts (where feasible) and renewable energy procurement and on-site generation.
Energy Management and Renewable Energy Use
Waste Management
We use, handle, generate, store, discharge, and dispose of hazardous materials, chemicals, and wastes in connection with our maintenance, research and product development, and testing activities at select Nextracker facilities. We carefully control the use and disposal of hazardous materials, chemicals, or wastes to comply with EHS requirements. A qualified vendor manages our hazardous waste disposal. We will continue to collect waste data from each of our offices and facilities to more closely monitor our waste production and identify additional waste reduction or recycling opportunities.
Water
We use water primarily for sanitation, drinking, and general office cleaning. While we currently only track water usage at our Fremont, CA, headquarters, we are working toward enhancing our water usage tracking so we can better identify opportunities to reduce water waste in the future.
Contact Us
San Francisco Bay Area
6200 Paseo Padre Pkwy Fremont, CA USA
+1 (510) 270-2500
