Named in Corporate Knights Global 100 Index
for Second Consecutive Year
SINGAPORE, Jan. 23,
2024 /PRNewswire/ -- Maxeon Solar Technologies,
Ltd. (NASDAQ: MAXN), a global leader in solar innovation and
channels, today announced that for the second consecutive year it
has been included in the annual Corporate Knights' Global 100 index
of the world's most sustainable corporations. Maxeon is ranked
number 44, placing it among top global companies recognized in
conjunction with the index's publication at the World Economic
Forum in Davos, Switzerland.
We are proud to be a leader in the
transition to clean energy, and to fulfill our mission of Powering
Positive Change.
The Global 100 is an annual ranking by Corporate Knights, an
international sustainable business research firm, which rigorously
assesses the performance of the world's largest publicly listed
companies. A suite of 25 key quantitative environmental, social and
governance metrics are used to develop the top 100 list out of over
6,700 companies analyzed. Maxeon scored particularly well for
its sustainable supply chain, the health and safety of its
employees and the Company's female representation in
management.
"Our entire team appreciates this validation of Maxeon's
ambitious sustainability efforts, and we will continue to meet the
needs of our global customers through responsible business
practices that deliver the best renewable energy solutions," said
Bill Mulligan, Maxeon CEO. "Maxeon's
products feature exceptional performance and are also built to
last, as supported by our 40-year warranty, significantly reducing
the need for new materials and recycling while generating decades
of clean power and preventing millions of tons of carbon emissions.
We are proud to be a leader in the transition to clean energy, and
to fulfill our mission of Powering Positive Change."
Toby Heaps, Corporate Knights
Chief Executive Officer, said, "Maxeon is setting the global
standard for sustainability in the solar sector. Companies listed
on the Global 100 index represent the gold standard for
sustainability performance."
"Maxeon continues to incorporate robust sustainability programs
and practices across our entire value chain and all aspects of our
operations, and this has become increasingly valued by our
customers, partners and stakeholders," said Lindsey Wiedmann, Maxeon Chief Legal and
Sustainability Officer. "Our commitment to corporate
responsibility and climate action is central to our purpose and
built into everything we do."
This Global 100 adds another recent accolade recognizing Maxeon
for its sustainability achievements. Most recently, the Company won
the award for 'Sustainable Business' at the United Nations Global
Compact Network Singapore's (GCNS) Apex Award ceremony. Maxeon also
received the 2023 "Best Solar Company" award at the World ESG
Summit Asia in Kuala
Lumpur.
Maxeon's most recent Sustainability Report and the
Company's long-term targets for ESG provide additional
information on the Company's achievements, initiatives, and future
plans. For the full list of the Corporate Knights' 2024 Global 100
index and details on methodology, click here.
About Maxeon Solar Technologies
Maxeon Solar Technologies (NASDAQ:MAXN) is Powering Positive
Change™. Headquartered in Singapore, Maxeon leverages over 35 years of
solar energy leadership and over 1,600 patents to design innovative
and sustainably made solar panels and energy solutions for
residential, commercial, and power plant customers. Maxeon's
integrated home energy management is a flexible ecosystem of
products and services, built around the award-winning
Maxeon® and SunPower® branded solar panels.
With a network of more than 1,700 trusted partners and
distributors, and more than one million customers worldwide, the
Company is a global leader in solar. For more information visit us
at www.maxeon.com, on LinkedIn and Twitter.
Forward-Looking Statements – to be double-checked by
Su-Lynn
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, including,
but not limited to, statements regarding our expectations and plans
for short- and long-term strategy, including our product and
technology focus, our technology outlook and future performance;
the effectiveness of our environmental and sustainability efforts
and our ability to achieve the expected benefits; the incorporation
of governance-led, sustainable or environmentally beneficial
features in our management, during development of new projects or
processes, or the implementation of improvements to existing
projects and processes; demand and growth projections; our
relationships with our stakeholders, and our ability to develop and
maintain them; and our goals, commitments, expectations, prospects
as well as external ESG commitments, initiatives,
and future plans. Among other things, the quotations from
management in this press release contain forward-looking
statements. These forward-looking statements are based on our
current assumptions, expectations and beliefs and involve
uncertainties that may cause results, performance, or achievement
to materially differ from those expressed or implied by these
forward-looking statements. A detailed discussion of these factors
and other risks that affect our business is included in filings we
make with the SEC from time to time, including our Form 20-F,
particularly under the heading "Item 3.D. Risk Factors." Copies of
these filings are available online from the SEC or on the
Financials & Filings section of our Investor Relations website
at www.maxeon.com/financials-filings/sec-filings. All
forward-looking statements in this press release are based on
information currently available to us, and we assume no obligation
to update these forward-looking statements in light of new
information or future events.
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SOURCE Maxeon Solar Technologies, Ltd.