Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity & Inclusion
• Governance
• Supply Chain Sustainability
• Occupational Health and Safety
• Business Ethics
• Community Engagement

Environmental Achievements

• Monetized approximately 192 MWs of solar projects
• Grew project pipeline to a record 3 GW
• Acquired a 50 MWp fully operational solar farm in Branston, U.K.
• Acquired Emeren, an Italy-based utility-scale solar power and battery storage project developer in Europe
• Commercialized first inaugural IPP project in Hungary
• Accumulated over 1.5 GWh of storage pipeline
• IPP assets produced approximately 244 GWh of energy in 2022, equivalent to powering 22,913 households, 81,333 electric vehicles, and removing 21,217 cars from the road; reduced 52,948 metric tons of CO₂ emissions

Social Achievements

• Zero work-related injuries and fatalities in 2022
• 931.5 total hours of staff training
• Implemented flexible working hours
• Established Occupational Health and Safety framework in accordance with OHSAS 18001
• Implemented emergency response plans
• Introduced new spot bonus and performance bonus programs, as well as an employee referral incentive program
• Country-specific incentive programs introduced

Governance Achievements

• Established a 3-tier system of ESG Oversight, governed by an ESG Committee Charter
• Implemented comprehensive ESG policies
• Adherence to the Sarbanes-Oxley Act, the USA Foreign Corrupt Practices Act (FCPA), Civil Code of the People’s Republic of China, Company Law of the People’s Republic of China, and other applicable laws and regulations
• Established internal control system according to FCPA and SOX standards
• Implemented a Whistle Blower Policy and Anti-Fraud and Reporting Mechanisms
• Regularly conducted dedicated sessions for all employees on protective measures against cybersecurity risks

Climate Goals & Targets

Environmental Challenges

• Fluctuating revenue and profit quarter-over-quarter due to the long development cycle of solar projects
• Interest rate increases and labor shortages for solar professionals
• Broken or high-cost supply chains
• Entry of traditional energy companies into the renewable energy space
• Climate-related risks (floods, earthquakes, landslides, etc.)
• Seasonal variations in solar radiation
• Economic impact due to natural disasters
• Reduced solar radiation

Mitigation Strategies

• Implementation of disaster risk reduction strategies; site selection considering geographical risks
• Investment in energy storage, demand forecasting
• Diversification of project locations; community engagement and support; diversification of business operations
• Diversification of project locations, implementation of energy storage solutions
• Research emerging markets, establish local partnerships, adapt project development offerings to local needs
• Continue to improve the supplier selection process, stay updated on industry advancements
• Continue to work closely with local governments, engage in advocacy for solar development
• Expand network and continue to invest in trainings and research on the latest technologies

Supply Chain Management

Supplier Audits: 90% of approximately 50 suppliers hold an ISO certificate

Responsible Procurement

• Supply Chain Management Handbook (includes provisions related to human and labor rights, environment, business integrity, anti-corruption, and conflicts of interest)

Climate-Related Risks & Opportunities

Physical Risks

• Natural disasters (floods, earthquakes, landslides, etc.)
• Seasonal variations in solar radiation

Transition Risks

• Potential requirements to completely move away from any fossil sourced electricity

Opportunities

• Growing demand for solar projects due to growing awareness of the negative effects of GHG emissions

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO

UN Sustainable Development Goals

• SDG 7 (Affordable and Clean Energy)
• SDG 9 (Industry, Innovation, and Infrastructure)
• SDG 11 (Sustainable Cities and Communities)
• SDG 13 (Climate Action)

Emeren's solar projects contribute to these goals by providing clean energy, promoting sustainable infrastructure, fostering sustainable urban development, and mitigating climate change.