SolarEdge Releases its Annual Sustainability Report, Highlighting its Sustainable Energy Solutions and Responsible ESG Practices
October 17 2022 - 9:30AM
Business Wire
SolarEdge Technologies, Inc. (“SolarEdge” or the “Company”)
(NASDAQ: SEDG), a global leader in smart energy technology, today
announced the release of its 2021 sustainability report, detailing
progress made towards realizing the Company’s sustainability
strategy in all Environment, Society, Governance (ESG) fields and
representing its commitment to accountability and transparency to
stakeholders.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20221017005277/en/
SolarEdge 13MW floating solar
installation (Photo: SolarEdge)
Zvi Lando, Chief Executive Officer of SolarEdge,
commented: “The subject of ‘energy’ has dominated global headlines
in 2021 and especially in recent months. Whether it’s energy
uncertainty due to global conflicts, the rising energy prices or
energy legislations set to reduce the impact of climate change -
energy has become a key factor that will shape our future. As a
company dedicated to building a sustainable future through use of
renewable energy, our sustainability strategy guides us to conduct
our business responsibly, ethically, inclusively and efficiently,
and we intend to continue this path to further deliver on our
sustainability commitments.”
The report was prepared in accordance with the Global Reporting
Initiative (GRI) Standards and the Sustainability Standards
Accounting Board (SASB) Standard for Solar Technology and Project
Developers, and summarizes the Company's global sustainability
activities, performance and results from calendar year 2021.
SolarEdge’s sustainability strategy leverages high-performance,
smart energy technology to power the future of energy and aims to
deliver positive impact for people and society.
The following lists some of the Report highlights:
- 23 million tonnes CO2e are avoided annually through the usage
of SolarEdge PV systems, equivalent to permanently removing ~5
million petrol cars off the roads, globally.
- Enhanced responsible procurement practices, requiring suppliers
and contract manufacturers to meet environmental, social, and
ethical requirements. First on-site audits conducted to assure
compliance.
- Quantitative targets set and programs launched to enhance
gender equality in the company’s workforce, with emphasis on
R&D and managerial roles.
- While expanding its global operations, the Company is
strengthening its efforts to reduce emissions, increase recycling
and assure employees’ safety in its operations (8% reduction in
emissions-per-revenues; 71% of waste is recycled/recovered; 19%
reduction in safety incident rate).
To access SolarEdge’s full 2021 Sustainability Report
About SolarEdge
SolarEdge is a global leader in smart energy technology. By
leveraging world-class engineering capabilities and with a
relentless focus on innovation, SolarEdge creates smart energy
solutions that power our lives and drive future progress. SolarEdge
developed an intelligent inverter solution that changed the way
power is harvested and managed in photovoltaic (PV) systems. The
SolarEdge DC optimized inverter seeks to maximize power generation
while lowering the cost of energy produced by the PV system.
Continuing to advance smart energy, SolarEdge addresses a broad
range of energy market segments through its PV, storage, EV
charging, batteries, electric vehicle powertrains, and grid
services solutions. SolarEdge is online at www.solaredge.com
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221017005277/en/
Lily Salkin Global Public and Media Relations Manager
Lily.salkin@solaredge.com Dana Noyman Head of Corporate
Communications and Global PR dana.noyman@solaredge.com
SolarEdge Technologies (NASDAQ:SEDG)
Historical Stock Chart
From Aug 2024 to Sep 2024
SolarEdge Technologies (NASDAQ:SEDG)
Historical Stock Chart
From Sep 2023 to Sep 2024