Vikram Solar Limited, one of India’s leading manufacturers of solar photovoltaic (PV) modules, has received a Platinum Medal from EcoVadis, a globally recognized organization that assesses companies on their sustainability performance. With a score of 84 out of 100, Vikram Solar has secured a position in the 99th percentile among all companies evaluated by EcoVadis, placing it in the top 1% of organizations assessed worldwide. As of May 13, 2025, Vikram Solar also ranks first in its sector at the Group level, which includes all Vikram Solar group companies operating globally.
The EcoVadis assessment is based on a detailed evaluation of 21 sustainability criteria grouped under four core themes: Environment, Labor and Human Rights, Ethics, and Sustainable Procurement. More than 130,000 companies around the world have undergone this assessment, which is grounded in international sustainability standards such as the Ten Principles of the United Nations Global Compact, the conventions of the International Labour Organization (ILO), the Global Reporting Initiative (GRI) standards, and the ISO 26000 guidelines. These ratings offer a fact-based analysis of a company’s sustainability efforts and provide a roadmap for continuous improvement.
Mr. Gyanesh Chaudhary, Chairman and Managing Director, Vikram Solar, said in a statement, “The recognition is a reflection of our long-standing belief that sustainability is not a parallel goal but a core business imperative. At Vikram Solar, we strive towards embedding responsible practices across our value chain — from sourcing to delivery — and have been consistently working towards becoming a future-ready, ethical manufacturer. Being rated among the top 1% at a globally recognised platform reaffirms our commitment to creating long-term value for our stakeholders while driving positive impact for the planet.”
Achieving the Platinum Medal demonstrates Vikram Solar’s strong commitment to responsible and ethical business practices, as well as its dedication to reducing environmental impact and maintaining high standards in human rights and procurement. This recognition places Vikram Solar among a distinguished group of global leaders in sustainability and reflects the company’s alignment with the best international practices in corporate responsibility.
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Impressive achievement by Vikram Solar! Recognition from EcoVadis is a big deal. At the same time, Avaada Group has also set high standards in sustainability especially with its commitment to green hydrogen, carbon reduction, and community upliftment. A true example of clean energy with purpose.