HEFEI,
China, May 22, 2024 /CNW/ -- Sungrow, a global
leading PV inverter and energy storage system provider, has
recently issued its 2023 Sustainability Report. This marks the 9th
consecutive year that the company has publicly reported on its
dedication to sustainable development.
Against the backdrop of global consensus on the need for
renewable energy, Sungrow has doubled down on its commitment to
promoting green energy solutions. The report highlights the
company's focus on solar, wind, storage, hydrogen, and electric
vehicle technologies, offering a range of power equipment
solutions.
As a citizen of the Earth, Sungrow has actively practiced the
ESG philosophy of "Green Mission, Better Life", continued to step
up efforts in areas with professional influence, and strived to
fulfil established corporate goals closely linked to the core areas
of sustainability and business growth.
Excellent governance
- Sungrow expanded the Strategy Committee to the Strategy and
Sustainable Development Committee, and established a three-level
sustainable development governance structure.
- Sungrow has topped the rankings of global PV inverter shipments
for years in a row and ranked No.1 among Chinese companies for 8
consecutive years in terms of the global shipments of energy
storage systems.
- In the principle of innovation-driven development, we invested
$347 million in research and
development and delivered the world's first 2000V inverter for
grid-connected power generation, the world's first 10MWh fully
liquid-cooled energy storage system, and the industry's first Stem
Cell Grid Tech White Paper.
- By the end of 2023, Sungrow's cumulative installed
capacity of inverter and converter equipment had exceeded 515GW
worldwide, over 300 million tons* CO2 emissions can be
avoided annually together with our customers.
- Sungrow released the Code of Conduct, initiated ISO37301
certification, strengthened compliance and business ethics
training, and passed certifications of ISO27001 and ISO27701.
Towards net zero
- Sungrow had pledged to achieve carbon neutrality on the
operational level by 2028, carbon neutrality across the supply
chain by 2038, and net zero emissions across the supply chain by
2048.
- Sungrow actively carry out GHG inventory development, with
Scope 1 of 3594 tons of CO2 equivalent, Scope 2 of 38161
tons of CO2 equivalent, and Scope 3 of 8953862 tons of
CO2 equivalent.
- Sungrow has built rooftop PV power stations in the plants, with
a cumulative capacity of nearly 13MW and saved over 1,300MWh of
electricity throughout the year and increased the proportion of
green electricity consumption to 55%. Energy consumption per unit
product decreased by 6.8% compared with 2020.
Eco-friendly development
- The SG320HX series products have won the world's first inverter
Italy EPD environmental product declaration.
- Sungrow has invested $1.1 million
in environmental protection efforts to continuously optimizing the
pollution and waste management system.
- Compared to 2020, the VOC and particulate matter emissions
per unit production capacity have decreased by 46.4% and 87.1%
respectively compared to 2020.
- The general industrial solid waste utilization rate stood
at 60.1%, representing a year-on-year growth of 7%.
- The water consumption intensity per unit product has
decreased by 37.3% compared to 2020.
Mutually beneficial collaboration
- The customer satisfaction rate for Sungrow stood at a
commendable level of 93.9%.
- Sungrow remains continuously focusing on the compliance
and sustainability of supply chain management, with a signing rate
of 96.8% for the Supplier Code of Conduct.
- Sungrow has successfully completed ESG
audits for 33 suppliers.
- Sungrow has completed carbon inventory and product carbon
footprint data collecting for 34 suppliers.
Diversity and inclusion
- Sungrow's organizational health stands at 86.8%, with employee
engagement rated at 4.3 points (Full score: 5 points).
- Sungrow boasts 1,287 foreign employees, representing a
43% year-over-year increase. Female managers constitute 15.7% of
the workforce, while the localized employment rate stands at an
impressive 98.8%.
- Sun Forest has successfully
planted a total of 200 acres and oversight the construction of 10
wild animal breeding holes.
- A total of 1352 registered employee volunteers, with a
volunteer service duration of 3442 hours.
Cao Renxian, Chairman of Sungrow said, "Nowadays, the green
energy represented by solar energy, wind energy, energy storage,
and hydrogen energy is gradually replacing the 'impossible
triangle' of traditional energy as clean, economic, safe, and
sustainable energy. Sungrow will continue to uphold the mission of
'Clean power for all' and work together with all partners sharing a
common vision for a sustainable future."
Please download the full sustainability report here.
*Avoided CO2 emissions are calculated using the
global average carbon intensity of electricity generation released
by the International Energy Agency (IEA).
About Sungrow
Sungrow Power Supply Co., Ltd. ("Sungrow") is a global leading
PV inverter and ESS provider with over 515 GW of power
electronic converters installed worldwide as
of December 2023. Founded in 1997 by University Professor
Cao Renxian, Sungrow is a leader in
the research and development of solar inverters with the largest
dedicated R&D team in the industry and a broad product
portfolio offering PV inverter solutions and ESS for
utility-scale, commercial & industrial, and residential
applications, as well as internationally recognized floating PV
plant solutions, NEV driving solutions, EV charging solutions and
renewable hydrogen production systems. With a strong 27-year track
record in the PV space, Sungrow products power over 170 countries
worldwide. For more information about Sungrow,
visit: www.sungrowpower.com.
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SOURCE Sungrow Power Supply Co., Ltd.