Sungrow, a global leader in renewable energy solutions, has been awarded the prestigious EcoVadis Gold Medal, placing the company among the top 5% of businesses worldwide for its exceptional environmental, social, and governance (ESG) practices. This recognition highlights Sungrow’s steadfast commitment to sustainability and its efforts to drive the green transition on a global scale.
The EcoVadis assessment, widely regarded as one of the most trusted global business sustainability ratings, evaluated Sungrow on key areas such as environmental stewardship, sustainable procurement, and business ethics. The company’s performance stood out, earning it a top 2% ranking within its industry. The recognition underscores Sungrow’s ongoing efforts to integrate ESG principles into its corporate strategy, setting the company apart as a model for others in the renewable energy sector.
Sungrow’s “Green Mission Better Life” philosophy, a core element of its corporate identity, has been integral to the company’s success in fostering a greener, more sustainable future. With operations spanning over 180 countries and regions, Sungrow has consistently implemented innovative sustainability initiatives, such as enhancing energy efficiency, improving greenhouse gas (GHG) inventory management, and conserving natural resources.
Looking ahead, the company has set ambitious sustainability goals, with plans to increase its renewable energy electricity usage to 65% by the end of 2024. This initiative is part of a broader climate strategy that aims for operational carbon neutrality by 2028. In addition to its environmental efforts, Sungrow prioritises safeguarding employee rights, maintaining ethical business practices, and ensuring transparent governance.
The company’s commitment to building a sustainable supply chain and collaborating with partners to promote responsible business practices has further strengthened its ESG standing. Sungrow’s success in these areas is a testament to the company’s holistic approach to sustainability, which addresses both environmental impact and social responsibility.
EcoVadis, the global leader in sustainability ratings, assesses over 150,000 companies across more than 250 industries and 180 countries. The platform uses international standards, including the Global Reporting Initiative (GRI), United Nations Global Compact (UNGC), and ISO 26000, to evaluate businesses on their environmental, social, and ethical practices. Sungrow’s Gold Medal status positions the company as a leader in the renewable energy sector, reflecting its commitment to sustainable growth and responsible corporate governance.
As global demand for clean energy solutions continues to rise, Sungrow’s EcoVadis Gold Medal is a clear indicator of its leadership in the renewable energy industry. By aligning its business practices with global sustainability standards, Sungrow is well-positioned to continue its role in driving the transition to a low-carbon, sustainable future.