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What actually is a sustainability report?
Companies around the world publish sustainability reports to let their stakeholders know their position on ESG (Environmental, Social and Governance) issues. The report is a powerful way for companies to keep themselves accountable for their actions and it also provides a framework in which to mark progress.
The issues we handled in our sustainability report range from waste management policies to gender equality practices, to ethical hiring and work practices that are also supported by our suppliers and to environmental stewardship. You can read the full sustainability 2023 report here.
Where we stand today
We are especially proud that the product we sell is instrumental in creating positive change in its field and simultaneously benefiting the planet – helping to avoid an estimated 40 million metric tons of GHG emissions from the atmosphere each year. We also celebrate our achievements in improving gender parity in our workforce, safe and fair work environments for our employees, the sustainable practices in our waste and production processes, as well as the volunteering and community involvement of our employees and business. And we believe that these are all issues that our partners and customers benefit from, in their interactions with our employees and with us.
Sustainability, of course, is a work in progress. We have achieved, and sometimes exceeded our goals; we’ve also noted areas that require additional attention. Our process is one in which we evaluate and make changes, so we can continually improve in all the areas that matter.
- We were named amongst the top 100 sustainable companies worldwide in 2024 by Corporate Knights, a prominent voice in promoting sustainable business practices.
- ISS ESG, a leading provider of corporate governance and responsible investment, recognized SolarEdge for top-notch governance practices, awarding the highest possible ISS governance quality score of ‘1’.
- ISS ESG also awarded SolarEdge with a Prime Rating, positioning us within the leading 10% of companies in the global electronic component sector.
- MSCI ESG gave SolarEdge an ‘A’ rating, in addition to a top 13% S&P CSA rating among semiconductor & semiconductor equipment sector companies
- In 2023, we took a significant step in transparency by submitting our inaugural CDP Climate Change Report, earning a ‘C’ rating. This global disclosure system allows companies to manage and communicate their environmental impact, demonstrating dedication to reducing our carbon footprint
In the meantime – check out this year’s report here
