Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Health and Safety
• Employee Development
• Diversity and Inclusion
• Wellness
• Community
• Corporate Governance

Environmental Achievements

• Deployed more than 323 megawatts of solar to more than 44,000 customers, preventing nearly 10 million metric tons of CO2e emissions over 30 years.
• Cumulative deployed systems of 1,202 megawatts are estimated to offset more than 34 million metric tons of CO2e emissions during their 30-year lifetimes.
• Avoided 24 billion gallons of water that would otherwise be used to generate fossil-fuel electricity.

Social Achievements

• Employs more than 3,200 people in the United States, and our partners and suppliers employ thousands more.
• Launched ongoing campaigns to create a culture where employees feel a sense of ownership in the safety and wellbeing of their teammates.
• Offered two paid volunteer days per year and ample opportunities to engage with colleagues in activities that contribute positively to the local communities we serve.

Governance Achievements

• Maintains a strong open-door policy, a confidential employee hotline administered by an independent company, and an employee relations team dedicated to investigating employee complaints.
• Board of Directors maintains an independent majority and comprises eight members, three of whom are women, including the CEO.

Climate Goals & Targets

Environmental Challenges

• Minimizing GHG emissions from operations and supply chain.
• Maintaining industry-leading safety record.

Mitigation Strategies

• Implemented comprehensive GHG accounting protocols and impact-measurement frameworks.
• Launched ongoing safety campaigns, provided comprehensive safety training and certification, and implemented vehicle monitoring and safety inspections.

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Brightbox (solar-battery service)

Awards & Recognition

• Comparably’s Best Company Managers list for 2017
• Comparably’s annual list of Best Companies for Women

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Deployed 413 megawatts of solar to 53,900 customers, preventing nearly 11 million metric tons of CO2e emissions over 30 years. This is more than 33 times greater than the CO2e emitted to deploy these systems.
• Continued retiring gasoline vehicles in favor of hybrid and electric vehicles; nearly 50% of the vehicle fleet is hybrid.
• Relocated Denver and San Francisco corporate headquarters to LEED certified buildings.

Social Achievements

• Achieved 100% pay parity for employees in 2018.
• Continued partnership with GRID Alternatives, installing 4.5 megawatts of solar for 917 low-income families, providing $19 million in lifetime savings and preventing 45,000 tons of GHG emissions.
• Launched partnership with Blacks in Green to increase access to clean energy in South Side Chicago.

Governance Achievements

• Established a formal committee of senior management to oversee ESG matters, with board-level oversight by the Nominating & Corporate Governance Committee.
• Adopted a Vendor Code of Conduct requiring environmental protection, sustainability, and responsible mineral sourcing.
• Maintains a strong open-door policy, a confidential employee hotline, and an employee-relations team to investigate complaints.

Climate Goals & Targets

Environmental Challenges

• Climate risks that could disrupt operations (wildfires, hurricanes, pandemics).
• Aging energy infrastructure leading to outages.
• External soft costs and delays in solar installations.

Mitigation Strategies

• Moving to almost completely contact-free solar installations (virtual sales, online permitting, drone technology).
• Developing and advocating for policies that encourage home solar adoption and create connected energy networks.
• Participating in the Solar Automated Permit Processing (SolarAPP) Campaign to streamline permitting processes.

Supply Chain Management

Supplier Audits: Aims to survey at least 80% of vendors, along with new vendors, for compliance with Vendor Code of Conduct.

Responsible Procurement

• Vendor Code of Conduct requiring responsible mineral sourcing, consistent with OECD Due Diligence Guidance.

Climate-Related Risks & Opportunities

Physical Risks

• Wildfires
• Hurricanes
• Pandemics

Transition Risks

• Changes in energy policy

Opportunities

• Growth in demand for home solar and battery storage due to climate change and grid unreliability.

Reporting Standards

Frameworks Used: SASB, GRI

UN Sustainable Development Goals

• 7: Affordable and Clean Energy
• 9: Industry, Innovation and Infrastructure
• 11: Sustainable Cities and Communities
• 13: Climate Action

Sunrun's business model contributes to these goals through the deployment of solar energy systems, development of connected energy networks, and advocacy for clean energy policies.

Sustainable Products & Innovation

• Brightbox home battery solution

Awards & Recognition

• 11 awards from Comparably based on employee survey data
• Lynn Jurich recognized as one of the best CEOs in the US

Environmental Metrics

ESG Focus Areas

• Climate Change
• Workforce Diversity
• Environmental Equity and Justice

Environmental Achievements

• Deployed 603.4 megawatts of solar to 84,559 customers, generating over 20 billion kilowatt-hours of clean energy over 30 years, preventing over 14 million metric tons of CO2e. Cumulative carbon offset of 8.1 million metric tons since 2007.
• Redeployed or recycled more than one megawatt of solar panels in 2020.

Social Achievements

• Added approximately 6,200 new hires in 2020.
• Formed six Employee Resource Groups (ERGs) with approximately 850 members.
• Launched a “Conscious Leadership” program.
• Provided over 40,000 hours of online learning and 272 days of instructor-led training in 2020.

Governance Achievements

• Hosted quarterly meetings with the executive Environmental, Social, and Governance (ESG) Committee.
• Nominating & Corporate Governance Committee of the Board of Directors provided oversight of ESG goals and performance.
• Adopted a Human Rights Policy.
• Implemented a Vendor Code of Conduct.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting operations and requiring adjustments to safety protocols.
• Climate-related events (wildfires, hurricanes, blackouts) disrupting operations.
• Integration of Vivint Solar.

Mitigation Strategies

• Assembled a COVID-19 Task Force to guide operations.
• Developed strategies for assessing and responding to climate risks.
• Combined best practices from Sunrun and Vivint Solar to create a new safety standard.

Supply Chain Management

Responsible Procurement

• Vendor Code of Conduct including environmental protection, sustainability, and responsible mineral sourcing.

Climate-Related Risks & Opportunities

Physical Risks

• Wildfires
• Hurricanes
• Snowstorms

Transition Risks

• Changes in policies and regulations
• Industry inertia

Opportunities

• Increased demand for home solar and battery storage due to grid unreliability and climate change.

Reporting Standards

Frameworks Used: GRI, TCFD

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 8 (Decent Work and Economic Growth)
• Goal 9 (Industry, Innovation and Infrastructure)
• Goal 13 (Climate Action)
• Goal 11 (Sustainable Cities and Communities)

Sunrun's business model and initiatives contribute to these goals through clean energy deployment, job creation, innovation in distributed energy systems, climate change mitigation, and sustainable community development.

Sustainable Products & Innovation

• Brightbox home battery solution

Awards & Recognition

• Four awards from Comparably for top-performing company culture

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity & Inclusion
• Governance
• Community Investment
• Employee Well-being

Environmental Achievements

• Deployed 4,677 megawatts of solar power, resulting in an estimated carbon avoidance of nearly 11.2 million metric tons since 2007.
• Deployed solar energy systems in 2021 estimated to avoid more than 17 million metric tons of CO2e over their lifetimes.
• Reduced Scope 1 and Scope 2 emissions based on more granular data collection and reduced footprint of occupied facilities.
• Redeployed or recycled more than 2.6 megawatts of solar panels in 2021.

Social Achievements

• Launched PowerU, a continuing education program, significantly increasing retention, productivity, and engagement while lowering hiring costs.
• Launched an apprenticeship program with approximately 200 employees enrolled in certificate programs to become electricians.
• Received a perfect score of 100 on the Human Rights Campaign Foundation’s 2022 Corporate Equality Index.
• Expanded six Employee Resource Groups to approximately 1,200 employees (40% increase).

Governance Achievements

• Formed the ESG Executive Committee to drive ESG performance and reporting.
• Established board-level oversight of ESG matters by the Nominating, Governance, and Sustainability Committee.
• Adopted a Human Rights Policy.
• Implemented stock ownership guidelines for directors and executive officers.

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions (global chip shortage delaying electric vehicle fleet transition).
• Extreme weather events (wildfires, hurricanes, deep freeze) disrupting operations and increasing costs.
• Scope 3 emissions increased due to inventory increase, more robust shipping data, and changes in module emissions factors.

Mitigation Strategies

• Two-step approach to fleet conversion (hybrid vehicles in the near term, all-electric as availability improves).
• Utilizing drones for site surveys to reduce reliance on fleet vehicles.
• Implementing cloud-based IT systems for remote work during disruptions.
• Purchasing property insurance with industry-standard coverage.

Supply Chain Management

Responsible Procurement

• Vendor Code of Conduct (including environmental protection, sustainability, and responsible mineral sourcing).

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (wildfires, drought, storms)
• Diminished operational performance of solar systems due to extreme weather.
• Increased insurance premiums.

Transition Risks

• Changes in policies and regulations (net metering, incentives).
• Increased costs of energy and transportation due to emissions regulations.

Opportunities

• Increased demand for solar energy, battery storage, and home electrification solutions.
• Growth of virtual power plants.

Reporting Standards

Frameworks Used: GRI, TCFD

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 8 (Decent Work and Economic Growth)
• Goal 9 (Industry, Innovation, and Infrastructure)
• Goal 11 (Sustainable Cities and Communities)
• Goal 13 (Climate Action)

Sunrun's business model and initiatives contribute to these goals through clean energy deployment, job creation, community investment, and climate action.

Sustainable Products & Innovation

• Home battery storage systems
• Virtual power plants
• Partnership with Ford on electric vehicle integration.

Awards & Recognition

• 100 score on 2022 HRC Corporate Equality Index

Environmental Metrics

ESG Focus Areas

• Mitigate the Impacts of Climate Change
• Build a Safe, Diverse, Fair, and Equitable Workforce
• Improve Energy Equity and Environmental Justice

Environmental Achievements

• Reduced overall carbon intensity of operations by 33% from 2021 to 2023
• Recycled 100% of solar panels
• Remanufactured or recycled 100% of batteries and inverters
• Deployed solar energy systems estimated to avoid more than 21 million metric tons of CO2e over their lifetimes

Social Achievements

• Achieved an 18% improvement in DART rate (exceeding target)
• Increased Black, Indigenous, and people of color representation in people-leadership positions
• Completed 307,000 learning and training courses
• More than 1,700 employees enrolled in PowerU (fully-funded employee education and upskilling program)
• Over 600 employees received promotions after enrolling in PowerU
• Sunrun employees volunteered for over 10,000 service hours

Governance Achievements

• Added ESG-related metrics to corporate bonus plan
• Discontinued issuing stock options, opting for RSUs and PSUs
• Instituted performance metrics for PSUs tied to Relative TSR and Net Earning Assets
• Incorporated ESG-related metric (employee safety) in annual bonus incentive plan

Climate Goals & Targets

Environmental Challenges

• Supply chain constraints limiting the conversion of larger vehicles to electric or hybrid alternatives
• Dynamic business environment including rising utility rates, frequent power outages, regulatory hurdles, and the intensifying need to address the climate crisis

Mitigation Strategies

• Implementing new last-mile strategies to minimize the number of miles the fleet travels
• Prioritizing performance efficiencies and a strong customer value proposition through product innovation and differentiation
• Adjusting pricing to reflect higher input and cost of capital
• Improving cost structure by increasing installation efficiency and overhead cost discipline

Supply Chain Management

Supplier Audits: More than 50% of direct material expenditures audited; aiming for 80% by end of 2024

Responsible Procurement

• Vendor Code of Conduct (including environmental preservation, sustainability, and ethical mineral sourcing)

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather
• Intense drought
• Wildfires
• Heat waves

Transition Risks

• Increased market competition
• Pricing pressures
• Supply chain challenges
• Lack of available resources and workforce
• Increased operating and product costs due to decarbonization policies

Opportunities

• Increased demand for solar energy, battery storage, and other home electrification solutions
• Improved economics for low-carbon products and services

Reporting Standards

Frameworks Used: GRI, TCFD, UNGC

UN Sustainable Development Goals

• Goal 1
• Goal 2
• Goal 3
• Goal 4
• Goal 5
• Goal 6
• Goal 7
• Goal 8
• Goal 9
• Goal 10
• Goal 11
• Goal 12
• Goal 13
• Goal 14
• Goal 15
• Goal 16
• Goal 17

Sunrun's business activities contribute to multiple SDGs through its operations, focusing on clean energy, poverty reduction, gender equality, and climate action.

Sustainable Products & Innovation

• Home solar and storage systems
• Electric vehicle charging solutions
• Smart home technology

Awards & Recognition

• Best Investor Relations Team for Alternative Energy
• Score of 95 on the 2023 Corporate Equality Index
• Transformation of the Year (Business Intelligence Group)
• Achievement in Customer Experience (Stevie Awards)