FTC Solar, Inc..
FTCI.US | Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus
FTC Solar, Inc. is a global provider of solar tracker systems, technology, software, and engineering services. The company's tracker solutions enable solar power plants to optimize energy production by following the sun's movement throughout the day. FTC Solar offers a range of products and services...Show More
Better Health for All
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No evidence was found in the provided articles to assess FTC Solar, Inc. against any of the KPIs for the 'Better Health for All' ethical value. The articles discuss general solar industry information and environmental data, without specific facts pertaining to FTC Solar's health impact, safety record, accessibility, or any other health-related initiatives as defined by this value.
Fair Money & Economic Opportunity
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FTC Solar, Inc. is a global provider of solar tracker systems and related services, not a financial institution. The company does not offer lending, deposit, or other financial services to consumers. Therefore, all KPIs related to fair money and economic opportunity, such as underserved client share, pricing fairness, and financial literacy initiatives, are not applicable to its core business model.
Fair Pay & Worker Respect
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No evidence available to assess FTC Solar, Inc. on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
-40
FTC Solar's Supplier Code of Conduct, which covers ethics, integrity, environment, health and safety, and labor and human rights, is included in supplier contracts.
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Suppliers are expected to provide annual acknowledgment of compliance with this code.
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The company's purchase order terms and conditions also require compliance with human rights policies, including prohibitions against child labor, forced labor, and the use of materials from the Xinjiang Uyghur Autonomous Region.
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For conflict minerals (3TG), the company uses the Conflict Minerals Reporting Template (CMRT) to assess risks.
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In 2023, 127 out of 136 surveyed suppliers (approximately 93%) responded to requests for information on 3TG.
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In 2024, responses covered approximately 75% of 423 parts that could contain 3TG, with 36 suppliers not responding for 107 parts.
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The company acknowledges market uncertainty regarding full compliance with the Uyghur Forced Labor Prevention Act (UFLPA) due to material traceability challenges.
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The company has diversified its supply chain, reducing reliance on China from 90% in 2019 to less than 20% as of the report date, and has partnerships with manufacturers in various countries including the United States, Mexico, Canada, Spain, Brazil, Turkey, Saudi Arabia, India, Thailand, Vietnam, and Korea.
8
Honest & Fair Business
-40
FTC Solar, Inc. adopted a Code of Business Conduct and Ethics on April 16, 2021, which includes a formal whistle-blower protection policy.
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This policy allows for anonymous reporting via a toll-free hotline and website managed by an independent third-party service provider, and explicitly prohibits retaliation against employees who report in good faith.
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Directors, officers, and employees are required to submit an annual certification confirming compliance with the Code.
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However, there is no public measurement of the program's effectiveness. The company also has a detailed Anti-Bribery and Corruption Policy that prohibits offering or paying bribes, including facilitation payments (except for health/safety threats), and requires third-party due diligence and training.
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While the policy is robust and risk-based, there is no evidence of detailed facilitation payment guidelines or auditable compliance programs. The extent of independent verification of ethical claims is limited to the third-party management of the ethics hotline and website, with no broader verification details provided for other ethical claims.
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Kind to Animals
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No specific, concrete data points were found in the provided articles regarding FTC Solar, Inc.'s involvement in animal testing, use of animal-derived ingredients, animal husbandry, or specific wildlife conservation initiatives with measurable outcomes for the company. The articles discuss general environmental policies or industry-wide solar project impacts without providing company-specific evidence relevant to the 'Kind to Animals' ethical value.
No War, No Weapons
-40
FTC Solar's suppliers provide annual acknowledgment of their compliance with the Supplier Code of Conduct.
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The company's Supplier Code of Conduct covers ethics, environment, health and safety, and labor and human rights, indicating alignment with UN Guiding Principles on Business and Human Rights.
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FTC Solar states it will not support prohibited activities or organizations, implying no exposure to controversial weapons.
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The company has a Global Trade Compliance and Sanctions Policy and will not do business with parties or countries subject to sanctions or embargoes.
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However, it relies on contract manufacturers to provide information on the origin of 3TG and cannot ascertain if a Covered Country source was used for 3TG in its products.
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Of 347 identified smelters and refiners, 221 are Conformant and 4 are Active; four potential smelters/refiners were located in Covered Countries, of which three were Conformant and one did not respond.
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The company relies on the Conflict Minerals Reporting Template and SEC guidance for Arms Trade Treaty compliance.
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It received 127 responses from 136 surveyed suppliers regarding 3TG sources, and 316 responses covering 75% of 423 parts from contract manufacturers, with 36 suppliers not responding for 107 parts.
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Planet-Friendly Business
-50
The company has no commitment to the Science Based Targets Initiative (SBTi).
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No regulatory actions, violations, fines, or compliance issues were mentioned across the provided articles.
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Respect for Cultures & Communities
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No evidence available to assess FTC Solar, Inc. on Respect for Cultures & Communities.
Safe & Smart Tech
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No evidence available to assess FTC Solar, Inc. on Safe & Smart Tech.
Zero Waste & Sustainable Products
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No specific, quantitative, or verifiable evidence was found across the provided articles for any of the KPIs related to Zero Waste & Sustainable Products for FTC Solar, Inc. The articles contained general statements of commitment to sustainability and circular practices, such as "Embracing circular practices that reduce waste" and "Reducing material waste through thoughtful design,"
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but lacked concrete data points such as waste diversion rates, product recyclability percentages, recycled content, or details on specific programs and their measurable outcomes. Information about state-level recycling programs or industry-wide issues and projections was not attributed to FTC Solar's direct actions or performance.