Corporates Continue to Embed Sustainability in Core Business Strategies

Sungrow Power Supply Co., Ltd. Denmark Finland Germany Netherlands Sweden United Kingdom Saudi Arabia Australia New York China Austria

as of September 30th.

Journey to a greener world

Embracing the philosophy of "Green Mission, Better Life", Sungrow focuses on clean energy, continuously bridging the green ecosystem and better life. The brand has crafted a sustainable development blueprint that concentrates on its key sectors of expertise.

Clarify five sustainability strategic objectives

The Company actively promotes the five strategic goals of Excellent Governance, Towards Net Zero, Eco-friendly Development, Mutually Beneficial Collaboration, and Diversity and Inclusion.

Formulate a multi-level strategic goal system

From a global perspective, Sungrow began benchmarking against seventeen SDGs in 2019. The company identified those most closely aligned with its business attributes and resource capabilities as key areas for sustainable and responsible operations, as well as crucial for ESG information disclosure. Notably, Sungrow has refined its focus from the initial twelve SDGs to the current ten. This adjustment not only reflects the ongoing evaluation of the SDGs but also underscores a clear strategic direction. Furthermore, the company effectively identifies strategic objectives and outcomes while integrating short-, medium-, and long-term goals to create a robust strategic framework.

Earlier this year, Sungrow unveiled its ESG objectives leading up to 2048, marked by a series of ambitious milestones, including pledging to achieve operational carbon neutrality by 2028, extending this commitment to its supply chain by 2038, and ultimately attaining net-zero status across its supply chain by 2048. Notably, 96.79% of its suppliers signed the Supplier Code of Conduct in 2023. These efforts underscore Sungrow's proactive approach to driving its suppliers and the broader industry towards a greener, low-carbon future.

Recent hurricane disasters in America and flooding in central and eastern European nations have garnered significant attention, highlighting the intricate connection between extreme weather events and climate change. Urgent action is needed to accelerate global climate action and the energy transition under the green consensus, where economical green energy will play a pivotal role. The theme for the upcoming COP29 in November is 'In Solidarity for a Green World.' Companies in the renewable energy sector, such as Sungrow, that prioritize ESG are making significant strides in combating climate change and facilitating a just energy transition for the world.

CONTACT: Mina Zhang, [e-mail]

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