Seventh annual Impact Report highlights Sunrun’s continued progress toward its impact goals, social and environment stewardship, and operating responsibly
SAN FRANCISCO, May 16, 2024 (GLOBE NEWSWIRE) — Sunrun (Nasdaq: RUN), the nation’s leading provider of clean energy as a subscription service, today released its 2023 Impact Report. The report details the company’s progress toward its impact goals, social and environmental initiatives, as well as advancements in safety, employee experience, and governance. It also highlights Sunun’s commitment to generating long-term, sustainable value for all of its stakeholders, including customers, employees, communities, and shareholders.
“Our achievements over the past year reflect the passion and commitment of our teams in the critical work we undertake daily to build a sustainable, clean-energy future that benefits everyone,” said Sunrun CEO Mary Powell. “Our annual report underscores our strong commitment to environmental stewardship and operating responsibility. It inspires us to continually improve our operations, empower our employees, support our communities, deliver value for our shareholders, and provide unparalleled service to our customers as we connect people to the cleanest energy on earth.”
Since 2007, Sunrun solar energy systems have generated 32.4 billion kilowatt-hours of solar energy, helping to enable the avoidance of an estimated 18 million metric tons of carbon dioxide emissions — the equivalent of taking 4.3 million gasoline-powered vehicles off the roads or 48 gas-fired power plants offline for a year. Additionally, Sunrun has provided its customers with over $1.3 billion in energy savings and approximately 2.8 million hours of backup power over 659,000 grid outage events.
Notable 2023 Sunrun impact highlights include:
Mitigating the Impacts of Climate Change
Installed over 1 gigawatt of solar capacity and 570 megawatt hours of storage capacitySunrun solar energy systems produced 6.8 billion kilowatt-hours of solar energyReduced total operational emissions by 24%Recycled or remanufactured 100% of solar panels, batteries, and invertersIncreased the percentage of electric forklifts in warehouses to 82%Increased the percentage of electric or hybrid vehicles is sales and corporate fleet to 73%
Building a Safe, Diverse, Fair, and Equitable Workforce
Achieved a 18% improvement year-over-year in employee safety metric (DART rate)Achieved a 52% ethnically diverse total workforceCompleted 307,000 training courses to support the development and career advancement of employeesAdded an additional Sunrun Community group (formerly Employee Resource Groups), bringing the total to eight
Improving Energy Equity and Environmental Justice
Brought solar power to an additional 1,085 low- and moderate-income multifamily householdsProvided 12,900 hours of on-the-job training for multifamily workContributed 10,000 hours of employee volunteer time to local communities
Company Recognition
Fast Company Brands That MatterComparably Best Places to Work: Best Company Career GrowthBest Company for WomenBest Teams (Sales) Military Times Best for Vets EmployerInstitutional Investor Best Investor Relations Team for Alternative EnergyScore of 95 on the Human Rights Campaign 2023 Corporate Equality Index
Discover more by visiting Sunrun’s 2023 Impact Report.
About Sunrun
Sunrun Inc. (Nasdaq: RUN) revolutionized the solar industry in 2007 by removing financial barriers and democratizing access to locally-generated, renewable energy. Today, Sunrun is the nation’s leading provider of clean energy as a subscription service, offering residential solar and storage with no upfront costs. Sunrun’s innovative products and solutions can connect homes to the cleanest energy on earth, providing them with energy security, predictability, and peace of mind. Sunrun also manages energy services that benefit communities, utilities, and the electric grid while enhancing customer value. Discover more at www.sunrun.com
Media Contact
Wyatt Semanek
Director, Corporate Communications
press@sunrun.com
Investor & Analyst Contact
Patrick Jobin
Senior Vice President, Finance & IR
investors@sunrun.com