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 at the moment that it has been included within the nineteenth annual Company Knights’ 2023 World 100 Index of probably the most sustainable companies 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 record.
The primary standards that make sure the inclusion of Maxeon within the 2023 rating are, amongst others, the Firm’s complete revenue from clear energy and sustainable funding, sustainability of its provide chain, respect for rights of individuals and labor within the Firm’s factories, the round economic system practices. akin to recycling and lean manufacturing, and the Firm’s feminine illustration within the govt administration group.
“Sustainability for Maxeon is a 360 ° dedication and on the core of every part we do. We’re honored to be acknowledged as one of the crucial accountable companies on the earth,” 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 vitality transition by guaranteeing quick access to extra environment friendly photo voltaic panels that last more than any panel within the trade, lowering the necessity for brand spanking new supplies and avoiding hundreds of thousands of tons of carbon emissions yearly. Nevertheless, we all know that the renewable o technology nonetheless must be improved to fight local weather change and guarantee a livable future for all. At Maxeon, we’re devoted to this objective; we proceed to push the boundaries of sustainability -ohan in partnership with all of our valued stakeholders to go away a constructive affect 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 necessary participant on the earth’s vitality combine. We’re excited to see corporations like Maxeon main with 100% sustainable funding and revenue, collaborating. the World 100 ranks with different high sustainability performers.” SAYS Toby HeapsCEO and co-founder of Company Knights.
“We’re proud to be included within the rating and to hitch many different inspiring organizations acknowledged as leaders in tackling the worldwide vitality and local weather disaster. At Maxeon, we’re dedicated to defending the setting 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 Government Chief at Maxeon.
Please check with Maxeon’s newest Sustainability Report and Maxeon’s long run targets for extra info on the Firm’s ESG achievements, initiatives, and future plans.
For the total record of Company Knights’ 2023 World 100 Index and methodology particulars, go to https://www.corporateknights.com/assets/global-100/.
About Maxeon Photo voltaic Applied sciences
Maxeon Photo voltaic Applied sciences (NASDAQ: MAXN) is Powering Optimistic Change™. Headquarters at SingaporeMaxeon designs and manufactures Maxeon® and SunPower® model photo voltaic panels, and has gross sales operations in additional than 100 international locations, working beneath the SunPower model in some overseas international locations. in america. The corporate is a pacesetter 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 expertise. For extra details about how Maxeon is Powering Optimistic 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 Alternate 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 expertise focus, our expertise outlook and future efficiency; the effectiveness of our environmental and sustainability efforts and our skill to realize anticipated advantages; the inclusion of management-led, sustainable or environmentally pleasant elements of our administration, throughout the improvement of recent initiatives or processes, or the implementation of enhancements in current initiatives and processes; demand and progress projections; {our relationships} with our stakeholders, and our skill to develop and preserve 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 based mostly 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 now and then, together with our Kind 20-F, significantly beneath heading “Merchandise 3.D. Threat 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 based mostly on info at the moment accessible to us, and we undertake no obligation to replace these forward-looking statements because of new or future info. occasions.
SOURCE Maxeon Photo voltaic Applied sciences, Ltd.
