Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Achieved 91% self-consumption rate of photovoltaic power in GoodWe’s Guangde Industrial Park, with a total self-consumption revenue of RMB 1.7175M and a cumulative carbon emissions reduction revenue of RMB 122,600
• Six GoodWe products were awarded Product Carbon Footprint Certification in 2022.
• Reduced packaging costs by swapping out traditional EPE cushioning materials for more readily biodegradable and reusable paper-plastic packaging. Achieved 100% recycling of packaging materials.
• Expected electricity cost savings of RMB 63,840 from workshop lighting replacement.

Social Achievements

• Donated a total of RMB 4.71 million for public welfare
• Invested over RMB one million in the construction of PV power stations for impoverished families
• Employee satisfaction was rated 4.39 out of 5 stars.
• Assisted two needy employees.

Governance Achievements

• Held a total of nine Shareholders Meetings, passed a total of 44 resolutions
• Held a total of 14 Board of Directors meetings and passed a total of 82 resolutions
• Held a total of 11 meetings of the Board of Supervisors and passed a total of 43 resolutions
• Organized a total of 252 investor exchange meetings
• 100% employee participation rate in signing the integrity commitments
• Conducted a total of 12 anti-corruption training sessions with a total of 692 participants.

Climate Goals & Targets

Environmental Challenges

• Supply chain risks due to various emergencies
• Potential environmental risks such as leaks, fires, and explosions during the operation and use of the Company’s production, storage, public works, and environmental facilities

Mitigation Strategies

• Strengthened the construction of material warehouses and signed strategic supply agreements with seven key suppliers to ensure the stability of the Company’s supply chain
• Developed the Measures for the Environmental Emergency Response Management for Environmental Incidents, implemented monitoring measures for environmental risk sources, established emergency prevention measures, equipped various emergency facilities and rescue materials, and strengthened emergency training and drills for employees

Supply Chain Management

Responsible Procurement

• Supplier Control Procedures and Procurement Control Procedures
• Green Procurement Guidelines
• Conflict Minerals Report
• No-Use of Conflict Minerals Commitment
• Quality Agreement

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, CASS-CSR 5.0

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001

Sustainable Products & Innovation

• GoodWe DNS G3 Series Residential Inverter
• GoodWe ES G2 Hybrid Inverter
• GoodWe New ET Series Hybrid Inverter
• GoodWe Lynx C Series High Voltage Lithium Battery

Awards & Recognition

• EcoVadis Silver Medal
• Best Employer in Suzhou 2022 (six consecutive years)
• TÜV Rheinland “All Quality Matters” Award (seven consecutive years)
• Top Inverter Brand Award from EuPD (five consecutive years)
• NO.1 Global Hybrid Inverter Supplier by Wood Mackenzie (2019)
• GREENPV Balance Component and System Integration Technology Innovation Award
• GREENPV PV Building Materials Technology Innovation Award

Environmental Metrics

ESG Focus Areas

• Corporate Governance
• Product Responsibility
• Green Operations
• Talent Caring and Development
• Customer Support and Industry Engagement
• Contribution to Communities

Environmental Achievements

• Achieved goals pertaining to hazardous waste management, environmental compliance, and occupational health management.
• Passed annual audits for ISO 14001, ISO 50001, and ISO 45001 certifications.
• Prioritized energy conservation and emission reduction throughout production processes.
• Honored with "Green Supply Chain Management Enterprise" and "Green Factory" distinctions.
• Obtained carbon footprint certificates for 16 products and EPD certificates for 2 products.
• Guangde Industrial Park constructed 3.2 MW of PV panels, generating 2.569 million kWh annually (10.1% green energy share).

Social Achievements

• Safeguarded employee rights and well-being through comprehensive training programs and internal regulations.
• Collaborated with local partners to construct PV plants for households, villages, and schools (millions invested).
• Attained five-star commodity after-sales service certificate.
• Passed EcoVadis copper certification.
• Honored as the Best Employer and the Most Employee-friendly Employer in Suzhou.

Governance Achievements

• Enhanced corporate governance practices, refining the corporate governance framework and strengthening compliance systems.
• Established the Sustainable Development Research Institute.
• Conducted 221 stakeholder engagement events.
• 100% of employees signed Integrity Commitments.
• No corruption events reported.

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Code of Conduct for Suppliers
• ESG considerations in supplier qualification assessments

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI, MSCI ESG ratings, UN SDGs

Certifications: ISO 14001, ISO 50001, ISO 45001, ISO 27001, ISO 9001, Five-star commodity after-sales service

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

The report mentions alignment with 14 core goals closely related to SDGs.

Sustainable Products & Innovation

• ET series three-phase HV hybrid inverters
• XS series residential inverters
• Smart sheds integrating PV power generation, storage, and charging
• Phecda series PV external sun-shading systems
• Polaris roof waterproof materials

Awards & Recognition

• Numerous awards listed in the report (see section 2023 Awards and Honors)