GoodWe Technologies Co., Ltd., a leading manufacturer of photovoltaic inverters and provider of smart energy solutions, has released its 2022 Corporate Social Responsibility (CSR) Report, highlighting its sustainable practices and achievements throughout the year.
In terms of environmental initiatives, GoodWe received the EcoVadis Silver Medal in sustainability rating for the first time, recognizing its outstanding environmental, social, and ethical performance. This places GoodWe among the top 25% of evaluated companies.
GoodWe has been actively reducing carbon emissions and footprint in its production and operations, with six of its products receiving Product Carbon Footprint Certification in 2022. Additionally, the company’s compliance with the ISO 14064-1:2018 standard further demonstrates its commitment to environmental responsibility.
GoodWe’s Guangde Smart Power Station Demonstration Project, located at its Guangde Factory in China, has successfully reduced cumulative carbon emissions by 2,323.32 tonnes as of November 2022. The project utilizes GoodWe’s smart energy management platform for intelligent operation and optimized energy efficiency.
Technology and product innovation are central to GoodWe’s sustainable strategy. In 2022, the company invested RMB 347.82 million in research and development, employing over 850 personnel. The company has also emphasized philanthropy and inclusivity, engaging in initiatives such as building PV power stations for impoverished families and organizing voluntary work for employees.
GoodWe focuses on providing smart energy solutions for residential, commercial, industrial, and utility-scale applications. One notable product launch was the GoodWe EcoSmart Home, a residential energy solution unveiled at the Intersolar exhibition in Europe.
GoodWe’s dedication to innovation has translated into impressive sales figures. In the 2022 Annual Report, the company reported the sale of approximately 688,300 inverters, with on-grid and hybrid inverters accounting for the majority. Its global accumulative capacity has reached 52GW, marking a significant milestone in its sustainable practice.
Financially, GoodWe achieved a revenue of RMB 4.71 billion and a net profit of RMB 649.29 million in 2022, representing year-on-year increases of 75.88% and 132.27%, respectively. The company anticipates that its strategic investments will further enhance customer experience, drive smart transformation, and advance sustainable development within the industry.
 Report. The report highlights the company's environmental initiatives, technological innovations, philanthropic practices, and impressive sales figures, reflecting its commitment to sustainability and long-term growth.){kind=link}