ENVIRONMENTAL, SOCIAL, AND GOVERNANCE
Environmental, Social, Governance
We believe that AI-driven energy optimization is the key to rapidly scaling to a low-carbon economy and, in doing so, avoiding the most damaging impacts of climate change and ensuring our ability to thrive on this planet.
Read our Guiding Principles: Partner Code of Conduct, Human Rights Policy Statement, Sustainability Policy Statement, and Conflict Minerals Policy
Stem takes a holistic approach to ESG
In Stem’s first annual Environmental, Social, and Governance (ESG) Report, we are proud to showcase the progress we have made in 2023 towards our sustainability initiatives. This Report aligns with established ESG frameworks and standards while several industry-trusted third parties validated our data integrity and quality throughout to ensure accountability. Our stakeholders – including employees, partners, customers, and suppliers – all contributed to this Report by providing important feedback in the following areas:
- 1. GHG Emissions
- 2. Energy Management
- 3. Customer Privacy
- 4. Data Security
- 5. Employee Health & Safety
- 6. Business Ethics
- 7. Supply Chain Management
- 8. Management of the Legal & Regulatory Environment
- 9. Materials Sourcing & Efficiency
- 10. Business Model Resilience
Aligning our operational activities with industry standards
Environment
Our sustainability vision extends across our global organization and encompasses a wide range of practices. A central pillar of our vision is proactive engagement with our customers, suppliers, partners, and employees to quantify, improve, and communicate progress toward our shared environmental priorities using best practices for standardized measurement and reporting.
- Climate Change
- GHG Emissions
Social
Stem is a values-based company that is dedicated to fostering ethical and transparent business practices. Employees have a place where they are challenged, trusted, and able to make an impact together as One Team. Similarly, we also hold our partners and suppliers to a high standard to ensure compliance with our values.
- Diversity & Inclusion
- Employee Networks
- Work-Life Balance
- Responsible Sourcing
- Supplier Code of Conduct
Governance
Stem strives to conduct our business with the highest ethics, integrity, and compliance standards. Our dedication to sustainability extends beyond environmental stewardship to encompass ethical business practices and adherence to regulatory requirements. We respect the privacy of our customers, employees, and business partners and comply with data protection and privacy laws applicable to our business.
- Ethics and Compliance
- Data Security and Privacy
Green Finance Framework
Energy Storage, Backup Power, Utility Bill Optimization
Stem’s Green Finance Framework, updated July 2023, aligns with Stem’s ESG and sustainability priorities with its funding and financial strategy.
Committed to driving global decarbonization
As a leader in the solar and storage industry, we have been actively engaged in aligning our operational activities with the UN SDGs. We assessed the UN’s 17 SDGs and selected goals that are material to our business model and efforts to help with global decarbonization.
Supporting the Circular Economy throughout the project lifecycle
Our solutions and services are designed with endurance in mind, as they are often expected to remain a critical and resilient component of the world’s electrical grid infrastructure for many years to come. As a result, we view total asset lifecycle management and responsible stewardship important considerations for our customers and stakeholders.
Supply Chain Management
We engage our original equipment manufacturing partners to identify opportunities to reduce the inputs needed to produce high quality, reliable products while integrating recycled materials where possible. We are also developing strategies with our supplier partners to repurpose and recycle certain components to contribute to a more sustainable supply chain.
Asset Management
Our industry-leading asset management software enhances the operational lifetime value of our customers’ storage and solar projects by using our extensive data on operational performance to predict hardware issues, dispatch maintenance, and repair systems to extend their useful life.
Second Life
We use best practices to architect and select systems for use after their end-of-life. We train our employees, educate our customers, and engage our partners with system respect to decommissioning, end-of-life considerations, and second life options that include reusing and recycling hardware.
Recycling
We promote recycling and preventing waste from our business operations through active compliance with applicable federal, state, and local regulations. We work with Battery Recyclers of America to certify that applicable material – including Lithium-Ion and Polymer batteries – are appropriately recycled in compliance with local, state, and federal regulations.
