Nextracker Releases Fiscal Year 2025 Sustainability Report
Second annual report highlights progress on ESG disclosure frameworks and the company's ongoing commitment to transparency and accountability
Nextracker (NASDAQ:NXT), a leading solar technology platform provider, today published its fiscal year 2025 Sustainability Report, highlighting significant progress in advancing the company's environmental, social, and governance (ESG) initiatives across its global operations. This second annual publication reinforces the company's commitment to building a more sustainable, inclusive, and transparent energy industry.
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Second annual report highlights Nextracker's progress on ESG disclosure frameworks and ongoing commitment to transparency and accountability (Photo: Nextracker)
The report aligns with the Sustainability Accounting Standards Board (SASB) standards for the Electrical and Electronic Equipment industry and provides disclosures in reference to the Global Reporting Initiative (GRI) framework. It also includes Nextracker's Task Force on Climate-related Financial Disclosures (TCFD) index, reaffirming the company's commitment to continuous annual improvement in climate risk transparency and accountability.
"Together with our customers, investors, partners, and employees, we are building a resilient and sustainable future," said Dan Shugar, founder and CEO of Nextracker. "This report is not only a record of demonstrated progress, but a reaffirmation of our responsibility to lead by example in the energy sector."
FY25 Sustainability Highlights:
Responsible Products and Supply Chain
- Introduced NX Foundation Solutions, including NX Anchor™, improving solar deployment across all soil types
- Introduced its NX Horizon™ low carbon tracker (LCT) systems, reducing tracker-related carbon emissions by up to 35%
- Achieved ISO 9001 certification for quality management across operations in Brazil, India, and the U.S.
Greenhouse Gas (GHG) Emissions and Resource Efficiency
- Committed to setting near-term targets in line with the Science-Based Targets (SBTi) framework, a globally recognized framework to set GHG reduction targets
- Published the company's first Task Force Climate Financial Disclosure (TCFD) index, based on a climate risk assessment, a key milestone ensuring compliance with California SB 261 law (CA SB 261)
- Obtained a third-party assurance for our Scope 1 and Scope 2 GHG emissions data
- Earned ISO 14001:2015 certification for Environmental Management System in the U.S. and maintained certification in Brazil
People and Culture
- Achieved a Total Recordable Incident Rate (TRIR) of 0.61, exceeding U.S. safety operations goal of 1.2
- Expanded ISO 45001:2018 certification scope to include operations in Brazil
- Launched the CAL-NEXT Center for Solar Energy Research in partnership with the University of California (UC) Berkeley, supporting solar technology innovation and workforce development
Accountable Corporate Citizenship
- Adopted a Responsible Minerals Policy
- Published Nextracker's Human Rights Statement, reinforcing commitment to fair labor practices and dignity in the workplace
The full fiscal year 2025 Sustainability Report is available as a downloadable PDF on the Nextracker website.
About Nextracker
Nextracker innovates and delivers a leading solar power technology platform with integrated tracker, electrical solutions, and yield management and control systems for utility-scale and distributed generation projects. Our advanced technology enables solar power plants to follow the sun's movement across the sky and optimize performance. With systems operating in more than 40 countries worldwide, Nextracker offers innovative solutions that accelerate solar power plant construction, increase energy output, and enhance long-term reliability. For more information, please visit www.nextracker.com.
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