Climate Change Data

SOLV Energy

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:Data gathering initiated in 2023, formal inventory planned for 2024
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Over 13,000,000 lbs of solar modules diverted from landfills
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Health & Safety
  • Business Ethics & Compliance
  • Environmental Management & Compliance
  • Human Capital Management

Environmental Achievements

  • Installed over 10 GW of solar capacity in the US
  • Helped clients produce over 12 terawatt-hours of energy in 2023
  • Diverted over 350,000 solar modules from landfills (over 13,000,000 lbs)
  • Supported 31 projects and completed 1,037 inspections with 97% within target weekly coverage, resulting in no regulatory fines.

Social Achievements

  • Conducted over 35 community-based campaigns including volunteer efforts, donations, and in-kind contributions.
  • Logged over $9,300 in employee donations and over 1,225 hours of volunteering through 'The Ripple Effect' program.
  • Launched 'Resolve', an employee-led DEI Council.
  • Conducted an 18-city DEI awareness and community service campaign, training almost 500 employees, donating $30,000 and investing nearly 600 service hours.

Governance Achievements

  • Adopted official Impact & ESG Policy in September 2023.
  • Implemented numerous strategies to improve cybersecurity posture, including Zero Trust Architecture principles and Privilege Access Management.

Climate Goals & Targets

Long-term Goals:
  • Identify and implement policies and programs that further strengthen our ESG performance.
Medium-term Goals:
  • Release a full Impact & ESG Report, aligned with SASB.
  • Further clarify, expand, or enhance ESG policies.
Short-term Goals:
  • Conduct a formal GHG inventory.
  • Finalize an ESG data management plan.

Environmental Challenges

  • Data gaps in quantifying Scope 1, 2, and 3 GHG emissions.
  • Need for a more robust GHG inventory.
  • Addressing a Congressional Review Act (CRA) to repeal the president’s tariff moratorium on imports of solar cells and modules from Southeast Asia.
  • Defeating Senate Bill 624 in Texas which posed a significant threat to the company’s awarded and pursued projects.
Mitigation Strategies
  • Anticipating conducting a formal and more robust GHG inventory in Q1 2024 and annually thereafter.
  • Proactively researching potential mitigation strategies for GHG emissions.
  • Intensified advocacy efforts, holding over 100 meetings with congressional offices, resulting in the bill being defeated in the Senate.
  • Successfully opposed Senate Bill 624 in Texas.

Supply Chain Management

Supplier Audits: Anticipate engaging with major material suppliers on ESG considerations in 2024.

Responsible Procurement
  • Code of Conduct applying to staff and contracted suppliers and partners.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: SASB

Certifications: SEIA Bronze DEIJ Certification

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Golden Gate recognition from Cal/OSHA
  • California Voluntary Protection Program (Cal/VPP) recognition for three jobsites
  • SEIA Bronze DEIJ Certification