Climate Change Data

Sunrock Investments B.V.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Climate Change Mitigation
  • Responsible Sourcing
  • People & Culture
  • Governance

Environmental Achievements

  • Reduced in-house GHG emissions by 8% compared to 2019/2020 baseline
  • 100% recycling of obsolete PV system components
  • >30% reused or upcycled 90 obsolete modules sent for reuse and upcycling pilots

Social Achievements

  • Independent audits on migrant worker labor conditions on sites in DE and NL
  • Increased gender diversity across Sunrock by 3% in 2023 (to 31%)
  • Organized first third-party ESG audit focusing on working conditions of migrant workers

Governance Achievements

  • Implemented a whistleblower system
  • Achieved an 89/100 score in a third-party ESG assessment against UN Guiding Principles on Business and Human Rights and OECD Due Diligence Guidance

Climate Goals & Targets

Long-term Goals:
  • Serve the equivalent of 2 million people with clean energy by 2030
  • Reduce in-house GHG emissions by 50% and supply chain by 20% by 2030
  • 100% transparent supply chains for main solar park components by 2030
  • Achieve 40% gender diversity ratio and 25% ethnic and cultural diversity by 2030
Medium-term Goals:
  • Increase diversity
  • 5MWp ESG+ pilot project
  • Volunteer day in all offices
  • Implement CSRD process
Short-term Goals:
  • Reduce scope 3 emissions by 5%
  • Implement long-term employee wellbeing program
  • Increase transparency of supplier data to 150 companies
  • Develop industry standard for migrant worker visits
  • Upcycle 30% of post-FAC PV

Environmental Challenges

  • Complex and problematic supply chain
  • Forced labor concerns within the supply chain
  • Ensuring decent working conditions for migrant workers installing solar parks
Mitigation Strategies
  • Involved EPC partners in ESG initiatives
  • Conducted third-party audits of migrant worker labor conditions
  • Developed an industry-wide approach to improve working conditions of (migrant) workers
  • Increased supply chain transparency through Open Supply Hub

Supply Chain Management

Supplier Audits: 87% of key suppliers assessed on ESG; third-party labor condition audits conducted at two sites

Responsible Procurement
  • Supplier code of conduct
  • ESG assessments of EPC partners
  • Engagement with suppliers beyond tier 1
  • Use of Open Supply Hub for supply chain transparency

Climate-Related Risks & Opportunities

Physical Risks
  • Storms
Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Development of energy-efficient products and services

Reporting Standards

Frameworks Used: UN Global Compact, Science Based Targets initiative (SBTi)

Certifications: ISO 9001, ISO 14001

UN Sustainable Development Goals

  • Goal 7 (Affordable and clean energy)
  • Goal 13 (Climate action)

Sunrock's services help clients reduce their reliance on fossil fuels and embrace cleaner sources, contributing to the generation of affordable clean energy and climate change mitigation.

Sustainable Products & Innovation

  • Next Energy Solutions (integrated energy system combining grid connection, rooftop solar PV, and battery energy storage)