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Emeren Group's 2023 ESG Report Highlights

Emeren Group Ltd, a prominent player in the global solar project sector, has recently published its 2023 Environmental, Social, and Governance (ESG) Report. This comprehensive report outlines the company's commitments and contributions towards sustainability and diversity, shedding light on their operations that align with the principles set by the Global Reporting Initiative (GRI).

Sustainability Initiatives

One of the most impressive achievements reported by Emeren is the delivery of 253 MW of clean energy, which has powered over 9,000 homes. This initiative has significantly reduced carbon emissions, amounting to a decrease of 21,655 tons of CO2 globally. Furthermore, the company has expanded its Battery Energy Storage System (BESS) portfolio in Europe and successfully implemented its first solar energy storage project in China. Adopted strategies for emissions tracking have proven fruitful, allowing them to report 1,215 tons of CO2 emissions across various scopes, while also engaging in ongoing initiatives to enhance operational efficiency.

Community Empowerment

The report emphasizes Emeren's commitment to fostering safe and equitable workplaces. Notably, the company has maintained a zero-injury workplace and has recorded no incidents of discrimination. Their efforts to increase workforce diversity have resulted in 42% of their employees being women, along with 80% of the board members identifying as underrepresented minorities. Additionally, the company has invested heavily in human capital, dedicating 3,688 hours to employee training programs focusing on safety, leadership, and technical development.

Governance Structure

Emeren's governance framework has been fortified with the introduction of a three-tier system and the establishment of a board-level ESG Committee. This structure ensures that accountability is prioritized and progress is systematically tracked. The company has further aligned its operations with the United Nations Global Compact, which enshrines principles concerning human rights, labor practices, environmental standards, and anti-corruption measures. Enhanced cybersecurity implementation has also been highlighted, as Emeren reported zero data breaches over the reporting period, ensuring robust protection of sensitive information.

Leadership Commentary

Yumin Liu, CEO of Emeren Group, expressed pride in the significant advancements made over the past year, stating, "At Emeren, ESG principles are embedded in our operations, guiding key decisions and fostering innovation. Our ambitions for clean energy are clear, and through targeted renewable energy adoption and refined governance practices, we aim to lead the transition to a sustainable future that benefits all stakeholders."

The 2023 ESG Report is an essential document that illustrates Emeren Group's unwavering dedication to creating a sustainable environment, supporting its workforce, and establishing governance practices that encourage long-term value creation.

For further insights and in-depth information, the complete report can be accessed on Emeren's official website.

About Emeren Group

Emeren Group Ltd (NYSE: SOL) stands at the forefront of renewable energy initiatives, showcasing a substantial portfolio comprised of diverse solar projects and Independent Power Producer (IPP) assets. With a strong commitment to leveraging local expertise in every market, Emeren excels in sustainable energy solutions that prioritize efficiency and impactful outcomes. The company's ongoing dedication to solar energy and energy storage reinforces its commitment to innovation and environmental stewardship. Visit Emeren's website for more details.