#India #Mumbai #EcoVadis #Solar PV #Waaree Energies

Waaree Energies Achieves a Historic EcoVadis Gold Medal

In a significant move for the Indian renewable energy sector, Waaree Energies, the largest solar PV module manufacturer in India, has set a benchmark by securing the prestigious EcoVadis Gold Medal. This achievement marks Waaree Energies as the first Indian solar PV manufacturer to earn this esteemed recognition, placing it within the top 5% of companies globally evaluated for their environmental, social, and governance (ESG) practices.

Setting New Standards in Sustainability

With a notable ranking in the 97th percentile, Waaree Energies has demonstrated an unwavering commitment to sustainability, corporate responsibility, and ethical operations. This accolade not only showcases Waaree's leadership in clean energy but underscores the company's aspiration to drive sustainable value across its operations. Dr. Amit Paithankar, the Whole-time Director and CEO of Waaree Energies, emphasized that this recognition is a testament to their dedicated efforts in embedding sustainability into every facet of their business.

Dr. Paithankar stated, "This achievement reflects our deep-rooted commitment to integrate sustainability in our operations—from the products we develop to the partnerships we cultivate. Achieving this milestone sets a new precedent for India's solar manufacturing landscape and fortifies our position as a trusted global partner in responsible solar manufacturing."

Benefits of EcoVadis Certification

The EcoVadis certification carries significant implications for companies. It enhances global reputations, opens doors to partnerships with organizations that prioritize ESG criteria, and generates new market opportunities. Furthermore, the assessment process helps identify potential vulnerabilities within operations and supply chain while promoting risk mitigation strategies.

By embracing sustainable practices, Waaree Energies not only optimizes resource management and minimizes waste but also realizes long-term cost efficiencies, marrying environmental stewardship with solid financial performance. This aligns with their goal to decarbonize the entire solar value chain, ensuring every aspect from sourcing to installation is environmentally responsible.

Industry Leadership and Recognition

The recognition from EcoVadis comes on the heels of Waaree Energies’ recent achievement of the Environmental Product Declaration (EPD) for their innovative low-carbon solar modules. This serves as a guiding example for the entire solar industry in India, illustrating that the 'Make in India' initiative can not only compete on a global scale but prosper in sustainability practices. Waaree Energies is a pioneer in making environmentally friendly products that adhere to the highest standards of quality and sustainability.

Established in 1990, Waaree Energies is a cornerstone in India's renewable energy landscape. The company operates cutting-edge manufacturing facilities with an impressive global installed capacity exceeding 15 GW for solar PV modules, including 1.3 GW in India and 1.6 GW in Texas, USA. It also boasts a 1.4 GW cell manufacturing facility with expansion potentials that could see capacity rise to 5.4 GW. With a footprint extending across 25+ countries, Waaree Energies delivers innovative solar solutions, including panel manufacturing, engineering, procurement and construction (EPC) services, project development, and rooftop solar systems.

A Brighter Future Ahead

As Waaree Energies continues to shape the renewable energy landscape, their recent honors serve as an inspiring reminder of the positive strides being made towards a sustainable future. By embedding environmental responsibility at the core of their operations, Waaree Energies remains committed to paving the way for future generations to embrace clean energy solutions fully.

This accomplishment not only amplifies Waaree Energies' contribution to the global renewable energy market but also reiterates India's potential in leading the charge toward sustainable energy practices, positioning itself as an attractive player in the green energy arena.