Nextracker Releases Fiscal Year 2025 Sustainability Report: Highlights ESG Progress and Commitment to Transparency

Nextracker has published its FY25 Sustainability Report, highlighting significant progress in environmental, social, and governance (ESG) initiatives. The report aligns with the Sustainability Accounting Standards Board and Global Reporting Initiative frameworks and includes Nextracker's Task Force on Climate-related Financial Disclosures index. The company has introduced new sustainable products, achieved ISO certifications, and published a Responsible Minerals Policy and Human Rights Statement. Nextracker has also committed to setting near-term GHG reduction targets and aims to build a more sustainable and transparent energy industry.

Nextracker, a leading solar technology platform provider, has published its FY25 Sustainability Report, showcasing significant advancements in environmental, social, and governance (ESG) initiatives. The report aligns with the Sustainability Accounting Standards Board (SASB) and Global Reporting Initiative (GRI) frameworks and includes Nextracker's Task Force on Climate-related Financial Disclosures (TCFD) index. The company has introduced new sustainable products, achieved ISO certifications, and published a Responsible Minerals Policy and Human Rights Statement. Nextracker has also committed to setting near-term GHG reduction targets and aims to build a more sustainable and transparent energy industry.

Key highlights from the report include the introduction of NX Foundation Solutions, including NX Anchor™, which improves solar deployment across all soil types. Additionally, Nextracker introduced its NX Horizon™ low carbon tracker (LCT) systems, reducing tracker-related carbon emissions by up to 35%. The company has also achieved ISO 9001 certification for quality management across operations in Brazil, India, and the U.S., and earned ISO 14001:2015 certification for Environmental Management System in the U.S. and maintained certification in Brazil.

Nextracker has committed to setting near-term targets in line with the Science-Based Targets (SBTi) framework and published its first TCFD index, ensuring compliance with California SB 261 law. The company has also obtained third-party assurance for its Scope 1 and Scope 2 GHG emissions data. In terms of safety and culture, Nextracker achieved a Total Recordable Incident Rate (TRIR) of 0.61, exceeding U.S. safety operations goals, and expanded ISO 45001:2018 certification scope to include operations in Brazil. Furthermore, Nextracker launched the CAL-NEXT Center for Solar Energy Research in partnership with the University of California (UC) Berkeley, supporting solar technology innovation and workforce development.

The report also underscores Nextracker's commitment to corporate citizenship by adopting a Responsible Minerals Policy and publishing its Human Rights Statement, reinforcing fair labor practices and dignity in the workplace. The full FY25 Sustainability Report is available as a downloadable PDF on the Nextracker website.

References:
[1] https://www.marketscreener.com/news/nextracker-releases-fiscal-year-2025-sustainability-report-ce7c51dcd98af023
[2] https://finance.yahoo.com/news/nextracker-releases-fiscal-2025-sustainability-130500889.html