Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Responsibility
• Community Responsibility
• Supply Chain Management
• Employee Relations
• Governance

Environmental Achievements

• Reduced carbon dioxide emissions through high-efficiency solar photovoltaic power generation products
• Implementation of clean production measures such as good hazardous product management, pollution prevention, energy saving, and waste reduction in all factories.
• Achieved a green supply chain by requiring suppliers to prioritize energy conservation, emission reduction, and environmentally friendly practices.

Social Achievements

• Created job opportunities for the local area, with localization ratios of approximately 99.2% and 97.8% in the U.S. and Malay bases respectively.
• Established a complete welfare guarantee system, providing 100% social insurance coverage for employees.
• No negative incidents, disputes, or lawsuits related to human rights (child labor, forced labor, discrimination, harassment, human trafficking, etc.) in 2020.
• Overall employee engagement score of 86, higher than the high-tech industry and the entire Chinese industry.

Governance Achievements

• Report reviewed and approved by the company’s board of directors and passed the SGS inspection.
• Established a reasonable and stimulating salary system in accordance with the laws and regulations of China and the countries or regions where it operates.
• Implemented a 'dual-channel promotion' management system for grades, providing sustainable career paths for employees.
• Established an EHS management committee and safety committees at each base, achieving refined occupational health and safety management.

Climate Goals & Targets

Environmental Challenges

• Impact of COVID-19 on offline communication activities.
• Maintaining a healthy, safe, and sustainable supply chain requiring cooperation of upstream and downstream partners.

Mitigation Strategies

• Developing an online learning and communication platform to facilitate employee integration across global bases.
• Incorporating the concept of social responsibility into corporate bidding and procurement policies, initiatives, and contract terms.
• Continuous improvement of supply chain related management systems and implementation of strict safeguards.

Supply Chain Management

Supplier Audits: On-site audit of major suppliers; no serious adverse human rights incidents found.

Responsible Procurement

• Supplier Conduct Codes
• Sustainable procurement performance evaluation items
• Prioritizing local suppliers (over 50%)
• Prioritizing recycled materials
• Reducing energy and water consumption in procurement

Climate-Related Risks & Opportunities

Opportunities

• Promoting energy transition through photovoltaics

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 45001 (most bases)

Third-party Assurance: SGS

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 13 (Climate Action)

Promoting energy transition through photovoltaics; reducing carbon dioxide emissions

Sustainable Products & Innovation

• High-efficiency solar photovoltaic power generation products

Environmental Metrics

ESG Focus Areas

• Climate Change
• Sustainable Supply Chain
• Employee Well-being
• Corporate Governance
• Product Quality
• Community Relations

Environmental Achievements

• Achieved a module shipment volume of over 130GW.
• Developed a high-value environmentally friendly treatment route for module recycling with a recovery rate of up to 99% for some materials.
• Reduced sulfur oxide emissions by 99%, nitrogen oxide emissions by 92%, PM10 emissions by 91%, and carbon dioxide emissions by 184,926 tons through using CMA CGM's LNG solution in maritime transportation.
• Built solar photovoltaic power generation systems of a total of 102.07MW on the roofs of plant buildings, generating 45,401.45MWh in 2022.
• Saved approximately 57.54 million kWh of electricity through 95 technological transformation projects.

Social Achievements

• Created an inclusive and diversified workplace environment.
• Implemented a sound employee training and development mechanism.
• Provided a total of 4,959 occupational health and safety related training sessions for employees.
• Achieved 100% labor union coverage rate in domestic units and 100% employee union membership in China.
• Donated and sponsored a total of over RMB 1.47 million to various institutions in Sichuan.

Governance Achievements

• Established a top-down ESG management structure.
• Established a Remuneration Committee to manage the remuneration of directors, supervisors, and senior management.
• Strictly complied with relevant laws and regulations, and formulated a series of systems to improve corporate governance.
• Implemented a comprehensive quality management system with no significant quality and safety accidents or large-scale consumer complaints in the past 5 years.
• Established a vertically integrated product traceability management system.

Climate Goals & Targets

Environmental Challenges

• Global extreme weather, sluggish economic recovery, and struggling energy sources.
• Climate change risks (both physical and transition risks).

Mitigation Strategies

• Integrated climate change response methods into its business strategy and ESG goals.
• Built a climate change management system aligned with TCFD recommendations.
• Established a GHG emissions inventory following ISO 14064 standards.
• Joined SBTi and committed to achieving net-zero emissions by 2050.
• Joined RE100 and EP100 initiatives.
• Developed a low-carbon transformation roadmap.

Supply Chain Management

Supplier Audits: 87 audits in 2022

Responsible Procurement

• Supplier Management Regulations
• Supplier Development Management Regulations
• Sustainable Procurement Policy
• Intellectual Property Guarantee Agreement
• Supply Chain Partner Code of Conduct
• Confidentiality Agreement

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather

Transition Risks

• Regulatory changes, market shifts

Opportunities

• Development of energy-efficient products
• Expansion into BIPV, photovoltaic hydrogen production, and energy storage.

Reporting Standards

Frameworks Used: SSE Guidelines No. 1 for Application of Self-Regulation Rules for Listed Companies - Standardized Operation, SSE STAR Market Guidelines No. 1 for Application of Self-Regulation Rules for Listed Companies - Standardized Operation, SSE STAR Market Guidelines No. 2 for Application of Self-Regulation Rules for Listed Companies - Voluntary Information Disclosure, GRI Standards 2021, UN SDGs – Guide to Corporate Sustainability (SDGs-2015), Ten Principles of the UN Global Compact, TCFD

Certifications: ISO 14001, ISO 50001, ISO 9001, IEC 62941, ISO 14067:2018, ISO 45001

Third-party Assurance: PricewaterhouseCoopers Zhong Tian LLP

Sustainable Products & Innovation

• N-type Tiger Neo series bifacial dual glass module
• BIPV products
• Energy storage products

Awards & Recognition

• 2023 Forbes Top 50 Sustainable Companies in China
• 2022 Top Ten Cases of Green Development by Beijing News
• 2022 Outstanding Practice Cases of ESG in Listed Companies by China Association for Public Companies
• 2022 Ernst & Young Sustainability Awards 2022 Outstanding Enterprise of the Year
• Many other awards listed in the report