SolarEdge’s Annual Sustainability Report Highlights 40M Metric Tons of CO2e Avoided Annually Through Usage of its Solar Solutions
20 May 2024 - 9:30PM
Business Wire
By the end of 2023, over 3.4 million homes were
equipped with SolarEdge PV systems; Over 50% of Fortune 100
Companies have SolarEdge Technology on their Rooftops
SolarEdge Technologies, Inc. (“SolarEdge” or the “Company”)
(NASDAQ: SEDG), a global leader in smart energy technology, today
announced the release of its 2023 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/20240520548129/en/
SolarEdge 6.6MW ground mount solar
installation in Germany (Photo: SolarEdge Technologies)
Zvi Lando, Chief Executive Officer of SolarEdge: “Today’s
release of our 2023 Sustainability report highlights the
significant advancements we made toward our corporate ESG goals in
2023. We are deeply committed to accelerating the move to a
low-carbon world and will continue to make progress on our path to
enhance our corporate ESG practices. 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.”
Some of the key highlights from the 2023 Sustainability Report
include:
- 40 million metric tons CO2e are avoided annually through the
usage of SolarEdge DC-optimized PV systems, equivalent to
permanently removing ~9.6 million gasoline powered cars off the
roads, globally.
- Over 3.4 million homes are equipped with SolarEdge PV
systems.
- Over 50% of Fortune 100 companies have SolarEdge technology on
at least one of their rooftops.
- SolarEdge was recently included in the 2024 Corporate Knights
list of the top 100 sustainable corporations in the world.
- EcoVadis awarded SolarEdge with a ‘Silver medal’ sustainability
rating, placing the company in the top 15% of over 130,000 globally
rated companies.
- ISS ESG rating among top 10% of highest rated companies in the
Electronic Components sector, and best possible ISS Governance
Quality Score of ‘1’
- MSCI ESG Rating of A.
- Upper-tier scores in additional ESG ranking, full details
here.
- 100% of manufacturing and R&D sites are certified to ISO
standards for quality, environmental and safety management.
- Over 2,300 hours of volunteering by employees in 2023,
promoting STEM and renewable energy education, supporting
sustainability and climate action and enhancing 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
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, 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/20240520548129/en/
PR Contact Lily Salkin Global Public and Media Relations
Manager Lily.salkin@solaredge.com
Dana Noyman Head of Corporate Communications & PR
dana.noyman@solaredge.com
Investor Contact JB Lowe Head of Investor Relations
investors@solaredge.com
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