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By the end of 2023, more than 3.4 million homes were equipped with SolarEdge PV systems; More than 50% of Fortune 100 companies have SolarEdge technology on their roof
MILPITAS, California – SolarEdge Technologies, Inc. (“SolarEdge” or the “Company”) (NASDAQ: SEDG), a global leader in smart energy technology, yesterday announced the release of its Sustainability Report 2023, detailing progress made in the company's environmental, social and governance (ESG) sustainability strategy and demonstrating its commitment to accountability and transparency with stakeholders.
Zvi Lando, Chief Executive Officer of SolarEdge, said: “Today's release of our 2023 Sustainability Report highlights the significant progress we have made toward our 2023 ESG business goals. We are deeply committed to accelerating the transition to a low-carbon world and will continue to progress on our path to improve our ESG practices at the corporate level. Our sustainability report describes the many ways we are delivering on our promise to power the future of energy through our products, people and business practices.”
Some of the key highlights from the 2023 Sustainability Report include:
- 40 million tons of CO2 are avoided annually by using DC-optimized PV systems from SolarEdge, equivalent to permanently taking approximately 9.6 million gasoline cars off the road worldwide.
- More than 3.4 million homes are equipped with SolarEdge PV systems.
- More than 50% of Fortune 100 companies have SolarEdge technology on at least one of their roofs.
- SolarEdge was recently named to the 2024 Corporate Knights list of the World's 100 Best Sustainable Companies.
- EcoVadis has awarded SolarEdge a 'Silver Medal' sustainability rating, placing the company in the top 15% of more than 130,000 companies rated worldwide.
- ISS ESG score in the top 10% of best-rated companies in the electronic components sector, and the best possible ISS Governance Quality Score of '1'
- MSCI ESG rating of A.
- Higher scores in additional ESG rankings, full details here.
- 100% of production and R&D sites are certified to ISO standards for quality, environmental and safety management.
- More than 2,300 hours of employee volunteer service by 2023, promoting STEM and renewable energy education, supporting sustainability and climate action, and improving gender equality and diversity.
View SolarEdge's full 2023 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 has developed an intelligent inverter solution that changes the way energy is harvested and managed in photovoltaic (PV) systems. SolarEdge's DC-optimized inverter aims to maximize energy generation while reducing the cost of energy produced by the PV system. SolarEdge continues to advance smart energy and targets a broad range of energy market segments through its PV, storage, EV charging, batteries and grid services solutions. SolarEdge is online at www.solaredge.com
Press release from SolarEdge.
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