SINGAPORE, Jan. 18, 2023 /PRNewswire/ — Maxeon Photo voltaic Applied sciences, Ltd. (NASDAQ: MAXN) (“Maxeon” or the “Firm”), a worldwide chief in photo voltaic innovation and channels, introduced immediately that it has been included within the nineteenth annual Company Knights’ 2023 World 100 Index of probably the most sustainable firms after the second full 12 months of operation. Maxeon has earned a spot within the high 1% of all international corporations surveyed.
The World 100 is an annual rating by Company Knights, a global sustainable enterprise analysis firm, that rigorously evaluates the efficiency of the world’s largest publicly listed corporations. A set of 25 quantitative key indicators, from sustainability and pure useful resource administration, worker administration, monetary metrics, and provider efficiency, have been used to develop the highest 100 listing.
The principle standards that make sure the inclusion of Maxeon within the 2023 rating are, amongst others, the Firm’s complete income from clear energy and sustainable funding, sustainability of its provide chain, respect for the human rights and staff within the Firm’s factories, the strategies of the round economic system. similar to recycling and lean manufacturing, and the Firm’s feminine illustration within the govt administration crew.
“Sustainability for Maxeon is a 360 ° dedication and on the core of the whole lot we do. We’re honored to be acknowledged as one of the accountable firms on the planet,” stated Mark Babcock, interim CEO of Maxeon. “We see this recognition as a validation of our present enterprise mannequin and an incentive to proceed. Maxeon helps the clear power transition by making certain easy accessibility to extra environment friendly photo voltaic panels that last more than any panel within the trade, lowering the necessity for brand new supplies and avoiding tens of millions of tons of carbon emissions yearly. Nonetheless, we all know that the renewable o era nonetheless must be improved to fight local weather change and guarantee a livable future for all. At Maxeon, we’re devoted to this aim; we proceed to push the boundaries of sustainability -ohan in partnership with all of our valued stakeholders to depart a constructive impression on the communities we work in and on the planet.”
“With renewables set to take the stage as international energy capability will increase within the coming years, photo voltaic panels have gotten an much more vital participant on the planet’s power combine. We’re excited to see corporations like Maxeon main with 100% sustainable funding and earnings, be a part of the World 100 rating with different high sustainability performers.” SAYS Toby HeapsCEO and co-founder of Company Knights.
“We’re proud to be included within the ranks and be a part of a variety of different inspiring organizations acknowledged as leaders in tackling the worldwide power and local weather disaster. At Maxeon, we’re dedicated to defending the atmosphere by means of the ability of a round economic system, whereas being a good and inclusive enterprise.” concluded Lindsey WiedmanChief Authorized Officer and World ESG Govt Chief at Maxeon.
Please check with Maxeon’s newest Sustainability Report and Maxeon’s long run targets for extra data on the Firm’s ESG achievements, initiatives, and future plans.
For the total listing of Company Knights’ 2023 World 100 Index and methodology particulars, go to https://www.corporateknights.com/sources/global-100/.
About Maxeon Photo voltaic Applied sciences
Maxeon Photo voltaic Applied sciences (NASDAQ: MAXN) is Powering Constructive Change™. Headquarters at SingaporeMaxeon designs and manufactures Maxeon® and SunPower® model photo voltaic panels, and has gross sales operations in additional than 100 nations, working beneath the SunPower model in some overseas nations. in america. The corporate is a frontrunner in photo voltaic innovation with entry to over 1,000 patents and two best-in-class photo voltaic panel product strains. Maxeon merchandise serve the worldwide rooftop and solar energy plant markets by means of a community of greater than 1,400 trusted companions and distributors. A pioneer in sustainable photo voltaic manufacturing, Maxeon leverages a 35-year historical past within the photo voltaic trade and quite a few awards for its know-how. For extra details about how Maxeon is Powering Constructive Change™ go to us at www.maxeon.com, on LinkedIn and on Twitter @maxeonsolar.
Ahead-Wanting Statements
This press launch accommodates forward-looking statements inside the which means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Change Act of 1934, together with, however not restricted to, statements about our expectations and short- and long-term technique plans, together with our product and know-how focus, our know-how outlook and future efficiency; the effectiveness of our environmental and sustainability efforts and our capacity to attain anticipated advantages; to take part within the administration of administration, sustainable or useful to the character of our administration, throughout the improvement of recent initiatives or processes, or the implementation of enhancements in present initiatives and processes; demand and development projections; {our relationships} with our stakeholders, and our capacity to develop and keep them; and our targets, commitments, expectations, prospects in addition to the skin ESG commitments, initiatives, and future plans. Amongst different issues, excerpts from administration on this information launch comprise forward-looking statements. These forward-looking statements are primarily based on our present assumptions, expectations and beliefs and embrace uncertainties that would trigger outcomes, efficiency or success to vary materially from these expressed or implied by these forward-looking statements. assertion. An in depth dialogue of those elements and different dangers affecting our enterprise is included within the filings we make with the SEC every so often, together with our Kind 20-F, significantly beneath heading “Merchandise 3.D. Danger Components.” Copies of those filings can be found on-line from the SEC or within the Financials & Filings part of our Investor Relations web site at www.maxeon.com/financials-filings/sec-filings. All forward-looking statements on this information launch are primarily based on data presently out there to us, and we undertake no obligation to replace these forward-looking statements because of new or future data. occasions.
SOURCE Maxeon Photo voltaic Applied sciences, Ltd.
