Array Technologies

Does the core business genuinely avoid or reduce emissions, or build climate resilience? Share of revenue that is actually 'green'. Fossil-dependent models score low.

Array's core product—single-axis solar trackers—materially increases photovoltaic energy yield for utility-scale solar farms, directly enabling more renewable electricity generation and avoiding fossil-fuel emissions at the grid level, though Array itself does not generate power and its steel-intensive products carry upstream embodied-carbon exposure.

Credible, science-based targets (SBTi), a real net-zero plan with progress to date, and CDP disclosure — not just a dated press release.

As of mid-2024, Array had not achieved SBTi-validated targets—its 2023 ESG report described only 'progressing towards setting a Science-Based Target' and improving Scope 3 accounting, while its 4th annual disclosure noted only 31% renewably sourced electricity for its own operations with no independently verified net-zero commitment date; no CDP submission or SBTi validation has been publicly confirmed.

Operational footprint, labour and social practices, and governance quality across the company's own operations and supply chain.

Array has published four consecutive annual ESG reports, runs an ESG executive steering committee with board-level oversight, achieved 22% female board representation, and made measurable (if modest) operational improvements including renewable electricity sourcing reaching 31%; however, supply chain Scope 3 data remains underdeveloped and independently unverified, and labor/social disclosures lack third-party assurance.

Quality of disclosure, independent third-party verification, and how much hard data backs the company's claims.

Array publishes annual ESG disclosures and conducts materiality assessments, but no independent third-party verification of GHG data has been publicly evidenced, no CDP questionnaire response is confirmed, and Scope 3 emissions accounting is explicitly acknowledged as still being developed—making the disclosures more aspirational than audited.

Controversies, litigation, pollution, fossil-fuel lobbying, conflict-zone involvement and governance scandals. Higher means cleaner.

Array faced a securities fraud class action (2021) alleging materially misleading statements about cost exposure post-IPO, a second securities investigation in 2023 related to a late SEC filing, and settled a trade-secret misappropriation lawsuit against Nextracker in 2022—none relate to environmental harm or fossil lobbying, but the pattern of securities-disclosure concerns is a governance red flag.