Environmental,

Social, & 2021 REPORT

Governance

SHOALS TECHNOLOGIES GROUP 2021 ESG REPORT

Table of Contents

MESSAGE FROM THE CEO

3

WHO WE ARE

4

OUR ESG APPROACH

9

ENVIRONMENTAL STEWARDSHIP

13

SOCIAL COMMITMENT

23

GOVERNANCE RESPONSIBILITY

38

OUR FUTURE COMMITMENT

45

APPENDIX

47

ABOUT THE REPORT

50

2

SHOALS TECHNOLOGIES GROUP 2021 ESG REPORT

To our stakeholders,

CEO LETTER

WHO WE ARE

OUR APPROACH

ENVIRONMENTAL

SOCIAL

GOVERNANCE

OUR FUTURE

APPENDIX

OUR COMMITMENT TO SUSTAINABILITY

  • RESPONSIBLE BUSINESS PRACTICES IS FOUNDATIONAL TO OUR COMPANY.

I am extremely proud to introduce Shoals Technologies Group's inaugural Environmental, Social, and Governance (ESG) report. This report marks our first year as a public company, following our IPO on January 27, 2021. Since our founding in 1996, Shoals has had an unwavering commitment to quality, reliability, and safety in the products we develop and deliver for our customers. As a tier-1 supplier to the solar, energy storage, and eMobility sectors, our commitment to sustainability and responsible business practices is foundational to our Company.

This year marks the first time we have considered the rigors of the Sustainable Accounting Standard Board (SASB) Standards and the specific lens of the United Nations Sustainable Development Goals (UN SDGs) to analyze our ESG approach, setting a first benchmark for our Company. We are proud of our initial ESG accomplishments and are excited to share them with you. We also expect our ESG performance to get even better in the coming years, as we continue to operate our business with a critical eye to these ESG metrics.

We invite you to learn more about our Company and our approach to sustainability in the following pages. Lastly, I wish to express my gratitude to our employees, customers, partners, shareholders, and other stakeholders for their ongoing support.

Sincerely,

Jason Whitaker

President & CEO

3

SHOALS TECHNOLOGIES GROUP 2021 ESG REPORT

2

Who We Are

4

SHOALS TECHNOLOGIES GROUP 2021 ESG REPORT

Shoals Technologies Group, Inc.

  • its subsidiaries (Shoals or the Company) are a collection of engineers & solar evangelists, curious minds & collaborators, optimists & advocates of sunnier days.

In equal measures, we challenge and support each other to design, develop, and deliver solutions that have the potential to change the world.

CEO LETTER

WHO WE ARE

OUR APPROACH

ENVIRONMENTAL

SOCIAL

GOVERNANCE

OUR FUTURE

APPENDIX

Our Mission

Our Vision

Develop innovative solutions that make electrical balance of systems (EBOS) installation simpler, faster, safer, and more reliable to reduce the Levelized Cost of Energy (LCOE).

Continually drive to create a brighter future for our clients, our team, and the wider world of possibilities. Pursue simple ideas with a determination to make solar, storage, and electric vehicle (EV) charging a more affordable and viable choice for people and communities everywhere.

4

2021 HIGHLIGHTS

26

Years of

~700

Experience

Plants

Employees

20

40+

Cumulative Issued Patents

Gigawatt Under Contract

Shoals is Inventing Simple®. We are the leading EBOS provider for solar, energy storage, and eMobility.

5

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Shoals Technologies Group Inc published this content on 15 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 December 2022 11:45:08 UTC.