Climate Change Data

Tigo Energy, Inc.

Climate Impact & Sustainability Data (2023, 2024-09-30)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:Not disclosed
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:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Energy-efficiency
  • Resource conservation
  • Human ethics
  • Waste management
  • Safety

Environmental Achievements

  • Not disclosed

Social Achievements

  • Launched Green Glove program in November 2023 to enhance C&I installer support.
  • Increased presence of women in executive and management positions.

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Industry-wide inventory oversupply, higher interest rates, and changes to net metering programs.
  • Slowdown in demand for products in Europe and the United States.
  • Elevated inventory levels with distributors and installers.
Mitigation Strategies
  • Reduced staffing levels by approximately 15% in December 2023 to align cost structure with current environment.
  • Actively working on reducing inventory levels.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

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

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • GO ESS product line

Awards & Recognition

  • Not disclosed

Reporting Period: 2024-09-30

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

  • Demand for products slowed notably in the second quarter of 2023 and continued into 2024 in Europe and the United States due to elevated inventory levels with distributors, channel inventory correction, uncertainty surrounding net energy metering policies and solar export penalties in Europe, higher interest rates in the US, and the transition from NEM 2.0 to NEM 3.0 in California.
  • Unfavorable macroeconomic and market conditions, including higher interest rates and inflation, caused disruptions in financial markets and customer purchase order delays and cancellations.
  • Supply chain reliance on contract manufacturers and suppliers, some of which are sole-source, leading to potential supply shortages and long lead times.
Mitigation Strategies
  • Reduced staffing levels by approximately 15% in December 2023 and by approximately 10% in April 2024.
  • Actively working on reducing inventory levels.
  • Diversified supply chain (although some suppliers remain sole-source).

Supply Chain Management

Climate-Related Risks & Opportunities