Climate Change Data

Boviet Solar Ltd.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Scope 1 Emissions:4,909 tCO2e
Scope 2 Emissions:119,409 tCO2e
Total Energy Consumption:165,253.11 MWh
Water Consumption:1,368,499 m3
Waste Generated:5,335 tons
Carbon Intensity:44.4 tCO₂e/MW for cells, 10.5 tCO₂e/MW for modules in 2023

ESG Focus Areas

  • Environmental Sustainability
  • Social Sustainability
  • Corporate Governance

Environmental Achievements

  • 38% decrease in Electricity Intensity of Cell production
  • 48% decrease in Electricity Intensity of Module production
  • 68% decrease in Water Intensity
  • 48% decrease in Waste Emission Intensity
  • 91% increase in Waste Recycling and Reuse Intensity

Social Achievements

  • Recorded injury rate is 0 per million work hours for 2023
  • 49.16% of the total employees are female during the reporting period
  • Actively supports impactful groups like Big Brothers Big Sisters, IREC, GRID Alternatives, Solar United Neighbors, Vote Solar, and ReVolv

Governance Achievements

  • Established a three-tier ESG governance structure
  • Enhanced communication with various stakeholders
  • Actively engaged in identifying ESG risks and opportunities

Climate Goals & Targets

Medium-term Goals:
  • 28% reduction in solar cell electricity intensity by 2030
  • 28% reduction in solar module electricity intensity by 2030
  • 28% decrease in water intensity by 2030
  • 25% decrease in waste intensity by 2030
  • 28% reduction in GHG emissions intensity by 2030

Environmental Challenges

  • Supply chain disruptions due to market dynamics and geopolitical events
  • Increased compliance costs due to tightening environmental regulations in Europe
  • Extreme weather events impacting production facilities
Mitigation Strategies
  • Strengthening supply chain transparency and collaboration with suppliers
  • Implementing strict environmental management systems (ISO 14001)
  • Developing comprehensive emergency plans

Supply Chain Management

Supplier Audits: Annual ESG audits

Responsible Procurement
  • Supplier Code of Conduct
  • Social Responsibility Commitment
  • Environmental Management Requirements
  • Social Responsibility Measures

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Rising sea levels
  • Increasing temperatures
  • Changes in precipitation patterns
Transition Risks
  • Regulatory changes (EU Green Deal, CSRD, CBAM)
  • Market shifts towards low-carbon materials
Opportunities
  • Growth of renewable energy and energy storage markets
  • Increased investment in green and low-carbon industries

Reporting Standards

Frameworks Used: GRI Standards, SDG Standards

Certifications: ISO 9001, ISO 14001, ISO 45001

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 8 (Decent Work and Economic Growth)
  • Goal 12 (Responsible Consumption and Production)
  • Goal 13 (Climate Action)

Renewable energy solutions, responsible production, community engagement

Sustainable Products & Innovation

  • High-efficiency solar panels
  • N-Topcon technology