GlobalData offers a comprehensive analysis of Sunrun, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of Net Zero and associated ESG keywords, GlobalData delivers valuable information on Sunrun‘s ESG performance. GlobalData’s company profile on Sunrun offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Sunrun, a leading provider of residential solar, battery storage, and energy services, has committed to achieve net-zero emissions across their business operations by 2040. The company has taken steps to reduce its carbon footprint, including integrating product end-of-life considerations into its Environmental Management System (EMS) and engaging in responsible end-of-life equipment programs. Sunrun's solar energy systems have helped avoid 14.6 million metric tons of CO2e from entering the atmosphere since 2007. The company has also disclosed its direct (Scope 1) emissions, energy indirect (Scope 2) GHG emissions, and other indirect (Scope 3) GHG emissions. In 2022, the company’s Scope 1 emissions amounted to 62,000 metric tonnes of carbon dioxide equivalent, Scope 2 emissions amounted to 7,000 metric tonnes of carbon dioxide equivalent, and Scope 3 emissions amounted to 1,331,000 metric tonnes of carbon dioxide equivalent. Sunrun’s latest filings mentioned the keywords ‘Emissions’ and ‘Solar Energy’ most number of times in relation to ‘Net Zero’.
Sunrun's risks and uncertainties include the availability of additional financing, worldwide economic conditions, changes in policies and regulations, supply chain risks, and the impact of COVID-19 on its operations. The company's forward-looking statements include its business plan, trajectory, and expectations, market leadership, competitive advantages, operational and financial results and metrics, and the growth of the solar industry. Sunrun is committed to achieving its net-zero targets and reducing its carbon footprint through partnerships, new technologies, and pilot programs.
Sunrun's net-zero target is aligned with the United Nations' Sustainable Development Goals (SDGs), including Goal 13: Climate Action, Goal 12: Responsible Consumption and Production, Goal 15: Life on Land, Goal 11: Sustainable Cities and Communities, Goal 3: Good Health and Well-being, Goal 7: Affordable and Clean Energy, and Goal 6: Clean Water and Sanitation. The company's local solar-plus-storage systems are working every day to reduce the amount of local air pollution in communities by generating clean, renewable energy from the sun. Sunrun offers clean and reliable solar power at an affordable price, which is the underlying mission of its business.
In conclusion, Sunrun continues to enhance their Environmental Management System by keeping a close watch on the value chain and continued involving the vendors in utility reporting and experienced improved results in their EMS program. Also, the company continued to drive improvements throughout their supply chain by identifying the potential risks well in advance and engaging with suppliers who share common interests.