SolarEdge’s Annual Sustainability Report Published Today, Unveils: 50% of Fortune 100 Companies Have SolarEdge Technology on their Rooftops
May 17 2023 - 11:00AM
Business Wire
By the end of 2022, over 2.78 million homes
were equipped with SolarEdge PV systems; Over 31 million metric
tons of greenhouse gases avoided annually through usage of its PV
systems
SolarEdge Technologies, Inc. (“SolarEdge” or the “Company”)
(NASDAQ: SEDG), a global leader in smart energy technology, today
announced the release of its 2022 Sustainability Report, detailing
the progress made in the Company’s sustainability strategy in the
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/20230517005543/en/
SolarEdge Community Solar Installation in
North America (Photo: Business Wire)
Zvi Lando, Chief Executive Officer of SolarEdge, stated:
“2022 was a pivotal year for the solar industry as both energy
demand and prices continued to climb, historic legislation was
enacted and PV technology broadened deployment into storage and
energy management. As a key player in this industry, by the end of
2022, over 2.78 million homes around the globe were equipped with
SolarEdge PV systems and 50% of Fortune 100 companies have
SolarEdge technology on at least one of their sites. Through this
widespread usage of our solutions, we are helping support the
worldwide transition to clean, distributed, and renewable power
generation and consumption. In parallel, we continue to make
progress on our path to enhance our corporate ESG practices and our
Sustainability Report details the many ways in which we deliver on
our promise to power the future of energy through our products,
people and business practices.”
SolarEdge’s sustainability strategy leverages high-performance,
smart energy technology to power the future of energy, aiming to
deliver positive impact for people and society.
The following lists some of the Report highlights:
- 31 million metric tons CO2e are avoided annually through the
usage of SolarEdge DC-optimized PV systems, equivalent to
permanently removing ~6.7 million petrol cars off the roads,
globally.
- 100% of our manufacturing and R&D sites are certified to
ISO standards for quality, environmental and safety
management.
- 88% of the waste our sites generated in 2022 was either
recycled or recovered to energy.
- ISS ESG rating among top 10% of highest rated companies in the
Electronic Components sector.
- Enhanced responsible procurement practices, requiring suppliers
and contract manufacturers to meet environmental, social and
ethical requirements. First on-site audits conducted to assure
compliance.
- Progress made towards our quantitative targets of enhancing
gender equality in the company’s workforce with emphasis on R&D
and managerial roles.
View SolarEdge’s full 2022 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
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version on businesswire.com: https://www.businesswire.com/news/home/20230517005543/en/
SolarEdge Technologies, Inc. Lily Salkin Global Public and Media
Relations Manager Lily.salkin@solaredge.com +972-522028240
SolarEdge Technologies, Inc. Dana Noyman Head of Corporate
Communications and Global PR dana.noyman@solaredge.com +972 54 999
8809
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