Morgan Stanley Capital International (MSCI), one of the world’s leading investment research firms, recently published the Environmental, Social, and Governance (ESG) rating results. In recognition of its excellence in ESG performance, GoodWe Technologies Co., Ltd (hereinafter referred to as “GoodWe” or the “Company”, Stock Code: 688390.SH), has been upgraded to BBB from BB, which demonstrates the Company’s continuous improvement and commitment to ESG practices and shows its deep-rooted sustainability mindset.
MSCI ESG Research provides ESG Ratings to measure a company’s resilience to long-term, financially relevant ESG risks and opportunities, according to exposure to industry-specific ESG risks and the ability to manage those risks relative to peers. MSCI’s ESG ratings reports may offer insights to institutional investors to mitigate risks and enhance long-term value creation.
GoodWe receives this recognition thanks to its strategic perspective of vision and foresight in sustainability and the Company’s good management practices in cutting carbon footprint to better fulfill the goal of carbon neutrality. Notably, GoodWe’s commitment to sustainability has been continuously embedded into its operations as well as its product offering, which speaks volumes about the Company’s advance in ESG management.
As a world-leading smart energy solution provider, GoodWe not only provides quality products and services that facilitate its customers to lower their energy costs while reducing carbon emissions, but also ensures that its products follows eco-friendly and green processes. The Company has also adopted green building concepts at the Company’s various facilities through solar carports and versatile building-integrated photovoltaics (BIPV) materials that are integrated with its solar-storage-charging system.
Beyond this, GoodWe has joined the United Nations Global Compact (UN Global Compact) and pledged to support the ten principles of the UN Global Compact in human rights, labor, environment, and anti-corruption, to actively contribute to the realization of the UN Sustainable Development Goals.
In 2022, GoodWe released its inaugural Corporate Social Responsibility (CSR) report. Developed in collaboration with EY, this report chronicles the various practices the Company has undertaken to achieve sustainable development and further helps GoodWe identify any aspects and sectors that need more efforts and investment to improve its overall ESG performance. In the same year, GoodWe was awarded a Silver Medal by EcoVadis, in recognition of its continued commitment to improving sustainability across its global business operations.
“We are really delighted to receive this triple B assessment from MSCI’S ESG rating, which justifies our confidence and motivates us to further improve ESG-related practices and continue to focus on sustainable development strategies,” said Daniel Huang, CEO & founder of GoodWe. “Going forward, we will remain our commitment to harnessing smart tech to drive the global energy transition, thus creating more value for our customers, employees, shareholders, and society.”
GoodWe is a world-leading PV inverter and energy storage solutions manufacturer and is listed as a public limited company on the Shanghai Stock Exchange (Stock Code: 688390). With an accumulative delivery of more than two million inverters and installation of 35 GW in more than 100 countries and regions, GoodWe solar inverters have been used in residential and commercial rooftops, industrial and utility scale systems and range from 0.7kW to 250kW. GoodWe has more than 4,000 employees situated in over 20 different countries and is regarded as the Global Top 3 storage inverter supplier by Wood Mackenzie in 2021. For more information, please visit goodwe.com.