This recognition places REC among the top
15% of assessed companies in the electronic goods manufacturing
industry globally.
SINGAPORE, May 8, 2024
/PRNewswire/ -- REC Group, an international pioneering solar energy
company with its cell and module manufacturing sites in
Singapore, is proud to announce
that it has been awarded the prestigious EcoVadis Silver Medal for
its advanced efforts in environmental, social, and governance (ESG)
practices. REC is now ranked within the top 15% of evaluated
companies in the global electronic goods manufacturing
sector.[1]
EcoVadis, a trusted provider of business sustainability ratings,
evaluates companies based on their performance on 21 sustainability
criteria across four core themes: Environment, Labor & Human
Rights, Ethics, and Sustainable Procurement. REC Group excelled in
particular in the themes Environment and Labor & Human Rights,
showcasing its commitment to sustainable practices and responsible
business conduct. The ratings provide an evidence-based analysis on
performance and an actionable roadmap for continuous
improvement.
Jan Bicker, CEO of REC Group,
expressed his gratitude for the recognition, stating, "We are
extremely proud to receive this medal and I would like to thank our
whole ESG Steering Committee and all the passionate REC colleagues
for all their efforts. We believe that as the solar industry grows
in importance, so does our responsibility to be more sustainable
too. For almost 30 years, REC has therefore strived to combine
high-efficiency technology with sustainable business practices. And
we will keep on going."
REC Group's dedication to sustainability is further exemplified
by its strong performance across six out of the seven EcoVadis
indicators. Among others, EcoVadis recognized REC for its advanced
Energy, Water & Waste Savings Programs, alongside its
commitment to maintaining a high level of employee welfare. This
achievement underscores the company's commitment to ESG excellence
and its dedication to creating a more sustainable future for
all.
Despite its strong focus on innovation and high-power densities,
REC Group emphasizes the importance of also considering factors
beyond power and price when selecting solar panels. "While high
efficiencies will remain the number one criterion for choosing
solar panels, we urge homeowners and businesses to look beyond
power and price only," continues Bicker. "Sustainability and
responsible practices should also be taken into account if
consumers are really serious about making a positive contribution
for all, the planet and the people. By choosing REC Group,
customers can be confident that they are investing in products of a
company that prioritizes both, performance and sustainability."
Governments worldwide have begun implementing stricter ESG
regulations, commencing in 2023. This includes 35 nations and
regions, accounting for 56% of the global GDP, rolling out
mandatory ESG reporting like CSRD in the EU or SEC climate
disclosures in the US.[2] Simultaneously, with consumers
becoming more socially and environmentally conscious, REC perceives
sustainability as a transformative force reshaping the business
landscape. Companies that integrate sustainability into their core
strategies often benefit from innovation, operational efficiency
and supply chain resilience. While investing into solar energy is
in general a straightforward approach to reduce own emissions, it
becomes critical to pay attention to the details for a greater and
quicker positive impact.
Detailed information on REC's ESG efforts available in the
latest ESG report and here: www.recgroup.com/csr
[1] Benchmarked industry: "Manufacture of electric
motors, generators, transformers and electricity distribution and
control ap"
[2]
https://carboncloud.com/blog/esg-reporting/
For media inquiries please contact:
Agnieszka Schulze
Head of Global PR, REC Group
Tel.: +49 89 4 42 38 59 39
E-mail: agnieszka.schulze@recgroup.com
REC Solar EMEA GmbH
Balanstr. 71a
81541 Munich, Germany
Managing Director: Cemil Seber
Court of Registration: Munich HRB 180306
VAT ID-No: DE266243545
About REC Group:
REC Group is an international pioneering solar energy company
dedicated to empowering consumers with clean, affordable solar
power through high-quality solar panels with a leading power
density. As Solar's Most Trusted, REC is known for its patented
innovations and multiple award-winning products with reliable
long-term performance. The cornerstone for REC's strong reliability
is advanced and highly efficient manufacturing using Industry 4.0
practices. Founded in 1996 in Norway, REC has always been committed to a low
carbon footprint in its solar materials and panels. REC is
headquartered in Norway with
operational headquarters in Singapore and regional hubs in North America, Europe, and Asia-Pacific. As of December 2021, REC is part of Reliance Industries
Limited, India's largest private
sector company with revenues of USD 118.6
billion.
Find out more at recgroup.com and on LinkedIn | Twitter (X)
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SOURCE REC Group