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GoodWe, a global frontrunner in solar inverters and smart energy solutions, has published its 2024 Sustainability Report—its fourth annual ESG disclosure. The report outlines the company’s advancements in environmental, social, and governance (ESG) initiatives as it furthers the global shift toward clean energy and sustainable growth. Notably, this marks the first year the report has undergone an independent third-party audit, enhancing the credibility of its ESG data and management practices. Dr. Kenan Zhang, Director of GoodWe’s Sustainable Development Research Institute, stated that the 2024 report showcases the company’s ongoing commitment to ESG. He noted that GoodWe is steadily embedding SDG goals into its operations to help drive a smarter, greener energy future. Strengthened ESG Governance and Transparency In 2024, GoodWe strengthened its ESG framework by establishing an ESG Strategy and Management Committee, building upon its dedicated ESG department, which is established in 2023. The company aligned its practices with the UN Global Compact’s Ten Principles and demonstrated support for the UN Sustainable Development Goals. GoodWe’s ESG performance gained recognition through multiple ratings and certifications, including: B- score in the CDP Climate Change Questionnaire Bronze Medal from EcoVadis, ranking in the top 35% AA rating from China Securities Index Positioned 25th in China’s Top 100 ESG Listed Energy Companies Green Operations and Carbon Management Featured in the report, GoodWe’s global headquarters, launched in 2024, showcases advanced green building design and smart low carbon technologies. With self-innovated and manufactured BIPV, inverters, EV chargers, heat and electricity storage, IoT equipment and smart energy management systems, the building achieves a 52.18% comprehensive energy savings rate and 34.41% local renewable energy utilization, and is certified as an ultra-low energy building. Meanwhile, GoodWe Guangde manufacturing base was selected for inclusion in a provincial zero-carbon industrial park initiative, as well as the first set of Virtual Power Plant operation demonstration projects, in recognition of its excellence in photovoltaic technology and green manufacturing practices. This site features multi-scenario solar-storage deployments, generating electricity of nearly 4,000 MWh per year in the disclosure year. GoodWe shared in the report that the company expanded greenhouse gas (GHG) verification (including scale 1, 2 and 3) to cover its new global headquarters, Suzhou manufacturing base, Guangde manufacturing base, and Yude subsidiary. Community Impacts and Inclusive Workplace GoodWe continues to create long lasting value for both communities and the environment. The EcoSmart Kids campaign, in its second year in Australia, was extended to Pakistan, blending solar education with creative competitions to inspire young minds. Reaffirming its environmental commitment, GoodWe launched the “GoodWe Forest” initiative during the 2024 Global Partner Summit, planting 2,024 trees with supports from two NGOs. The project is set to expand in 2025 and beyond. Leveraging its technological strengths, GoodWe further extended its solar station donation program in 2024—from schools and communities to rural infrastructure—installing stations with a combined capacity of 375 kW in partnership with local collaborators. These efforts provide clean energy access and educational support where it’s needed most. Internally, the company remains dedicated to building a supportive workplace culture, being named the Best Employer in its headquarters city for the eighth consecutive year and recognized as ‘The Best ESG Practices Employer’ of the year. Driving Innovation for a Smarter Energy Future Innovation remains at the core of GoodWe’s development strategy. In 2024, the company further expanded its comprehensive energy products portfolio, integrating solutions such as inverters, battery systems, EV chargers, BIPVs, heat pumps, and smart energy management platforms—empowering customers worldwide to achieve smarter, more efficient and more cost-effective energy use. |
