Morgan Stanley Capital International (MSCI), one of the world’s leading investment research firms, recently published the Environmental, Social, and Governance (ESG) rating results. In recognition of its excellence in ESG performance, GoodWe Technologies Co., Ltd, has been upgraded to BBB from BB, which demonstrates the Company’s continuous improvement and commitment to ESG practices and shows its deep-rooted sustainability mindset.
MSCI ESG Research provides ESG Ratings to measure a company’s resilience to long-term, financially relevant ESG risks and opportunities, according to exposure to industry-specific ESG risks and the ability to manage those risks relative to peers. MSCI’s ESG ratings reports may offer insights to institutional investors to mitigate risks and enhance long-term value creation.
GoodWe receives this recognition thanks to its strategic perspective of vision and foresight in sustainability and the Company’s good management practices in cutting carbon footprint to better fulfill the goal of carbon neutrality. Notably, GoodWe’s commitment to sustainability has been continuously embedded into its operations as well as its product offering, which speaks volumes about the Company’s advance in ESG management.
As a world-leading smart energy solution provider, GoodWe not only provides quality products and services that facilitate its customers to lower their energy costs while reducing carbon emissions, but also ensures that its products follows eco-friendly and green processes. The Company has also adopted green building concepts at the Company’s various facilities through solar carports and versatile building- integrated photovoltaics (BIPV) materials that are integrated with its solar-storage-charging system.
Beyond this, GoodWe has joined the United Nations Global Compact (UN Global Compact) and pledged to support the ten principles of the UN Global Compact in human rights, labor, environment, and anti-corruption, to actively contribute to the realization of the UN Sustainable Development Goals.
In 2022, GoodWe released its inaugural Corporate Social Responsibility (CSR) report. Developed in collaboration with EY, this report chronicles the various practices the Company has undertaken to achieve sustainable development and further helps GoodWe identify any aspects and sectors that need more efforts and investment to improve its overall ESG performance. In the same year, GoodWe was awarded a Silver Medal by EcoVadis, in recognition of its continued commitment to improving sustainability across its global business operations.
“We are really delighted to receive this triple B assessment from MSCI’S ESG rating, which justifies our confidence and motivates us to further improve ESG-related practices and continue to focus on sustainable development strategies,” said Daniel Huang, CEO & founder of GoodWe. “Going forward, we will remain our commitment to harnessing smart tech to drive the global energy transition, thus creating more value for our customers, employees, shareholders, and society.”