SolarWorld Recognized as Renewable-Energy Industry Leader on Sustainability, Transparency
HILLSBORO, Ore., Oct 28, 2011 (BUSINESS WIRE) -- SolarWorld, the largest U.S. solar panel manufacturer, has been recognized by three independent rankings as the global renewable-energy industry's leader in sustainable corporate management, environmentally sound manufacturing and transparent financial reporting.
The 2011 annual report of the Carbon Disclosure Project (CDP) for Germany, released in Frankfurt in mid-October, positions SolarWorld as the "Sector Leader" among its renewable energy peers. The CDP is a cooperative endeavour by more than 551 institutional investors worldwide to improve corporate transparency on greenhouse gas emissions affecting the climate. To this end, participating companies voluntarily report their annual C02 emissions and their strategies and steps toward climate protection. SolarWorld was deemed to most fully disclose its data, placing the company at the top of the CDP's ranking.
"SolarWorld's commitment to sustainability and transparency is a key factor that differentiates us from our competitors," said Kevin Kilkelly, president of SolarWorld Americas. "As a company, we believe it is not valid to claim to sell a green product if your own business and manufacturing practices are not equally sustainable. Sustainability -- environmental, social and fiscal -- is at the very core of who we are and what we do."
For the high quality of its financial reporting, SolarWorld also received accolades in this year's "Best Annual Reports" competition by Manager Magazine. With its integrated financial and sustainability reporting, which includes environmental and social key performance indicators, SolarWorld outpaced all other companies in the renewable-energy sector. In the overall ranking, the group occupied 10th place among the 160 most important companies listed on four European stock indexes: the DAX, MDAX, SDAX and TecDAX.
Earlier this year, the Silicon Valley Toxics Coalition (SVTC), a watchdog group that has monitored the sustainability of the computer and solar industries, ranked SolarWorld first among world solar producers on a range of issues pivoting on sustainable performance. Among factors was the company's voluntary compliance with reporting regimens encompassing a company's entire impact, one of which is the U.N.-backed Global Reporting Initiative.
SolarWorld's performance on the SVTC's Solar Scorecard was the second year in a row in which the company ranked highest among producers of crystalline silicon solar technology on the only annual ranking of all solar companies on sustainable performance.
About SolarWorld ( www.SolarWorld.com ):
SolarWorld (isin:DE0005108401) is a worldwide leader in offering brand-name, high quality, crystalline solar-power technology. Its strength is its fully integrated solar production. From silicon as the raw material through wafers, cells and modules all the way to turn-key solar systems of all sizes, the group combines all stages of the solar value chain. The central business activity is selling quality modules into the installation and distribution trades and crystalline wafers to the international solar cell industry. Group headquarters are located in Bonn, Germany. The group's largest production facilities operate in Freiberg, Germany, and Hillsboro in the U.S. state of Oregon. Sustainability is the basis of the group strategy. Under the name Solar2World, the group supports care projects using off-grid solar-power solutions in developing countries, exemplifying sustainable economic development. Worldwide, SolarWorld employs about 3,300 people. SolarWorld AG has been quoted on the stock exchange since 1999 and today is listed on, among others, the TecDAX and OkoDAX as well as in the sustainability index NAI.
Media contact: Devon Cichoski Media Relations Manager SolarWorld Americas 4650 Adohr Ln. Camarillo, CA 93012 Mobile: 805-377-2905 Office: 805-388-6388 email@example.com
Sourced : SolarWorld.com / Business Wire