SolarEdge Sustainability Report 2022 | SolarEdge UK
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The 2022 SolarEdge Sustainability Report is Here

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Gayle Rinot

Senior Content Writer

May 23, 2023 Comments ()
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The 2022 SolarEdge Sustainability Report is Here

SolarEdge sustainability report 2022

As a global company whose mission is to improve the way solar energy is produced, consumed, and managed - making it accessible to more people in more places- the advancement of sustainable living is at the core of everything we do. Our sustainability goals are, in fact, embedded in our DNA and we strive to ensure a future where clean renewable energy is the norm for everyone, everywhere.

In order to meet the challenges of a growing population and address the increase in demand for electricity, more work still needs to be done. Clean energy solutions need to expand and evolve.

“We are continuing to plan and launch end-to-end energy ecosystems to maximize the self-consumption of onsite solar energy production… A key to maximizing self-consumption is energy management and optimization. Leveraging our deep software expertise, we have developed state-of-the-art adaptive algorithms to optimize the production, storage and usage of energy, taking into account time-of-use tariffs, energy and scheduling requirements for major loads, weather patterns and other factors,” explained Zvi Lando, CEO SolarEdge. ”This will allow homeowners to automatically control and optimize energy loads for EV chargers, heating and cooling devices, household appliances and more. It will also allow business owners to implement data-driven analytics and AI-based energy management to minimize electricity costs and hedge energy uncertainty.”

We recently published our 2022 Sustainability Report which details the many ways we are working to power the future of energy through our corporate ESG (Environment, Social and Governance) practices. We hope you’ll find our commitment to operate responsibly and ethically, and with full transparency reflected on every page.

The Report describes our practices, targets, and performance in all ESG fields, including environmental protection, safety, governance, ethics, responsible procurement, community engagement and others. SolarEdge’s mission, which has always focused on our innovative smart and clean energy solutions, is connected to its core to climate action. Every day, our business activities contribute to the global transition to a low carbon economy and energy market.  In parallel, as a global company that experienced recent rapid growth, we are working tirelessly to meet the expectations of our various stakeholders to conduct all our activities in an ethical and responsible way.

Clean is Green

Our sustainability strategy leverages high-performance smart energy technology to power the future of energy. With this, we aim to deliver a positive impact for people and society while operating in line with ethical and responsible practices.

Our three-pillar strategy is aligned with our business objectives, various stakeholder expectations, and 10 of the 17 UN Sustainable Development Goals. Our three pillars are broken down as follows:

Powering Clean Energy – Electrification. Decarbonization. Decentralization. Digitization. So we can all enjoy better living and a sustainable future.

Powering People – We are a people-first company, and our people are at the heart of everything we do.

Powering Business – Solar power installations have become a popular and profitable investment, with low operating & maintenance costs and of course, zero fossil fuel combustion.

Our strategy is supported by multi-year targets in each pillar. Progress toward the delivery of each target is sponsored and supported by a member of our senior management team. In 2022, we continued to make progress on these targets, as is detailed in the report.

Energy revolution starts with sustainable practices

Here are some of the highlights of this year’s Sustainability Report which we believe demonstrate how we are embedding ESG criteria into our business goals, strategy, and company culture.

  • The clean power generated by our PV systems allows for a global annual avoidance of 31 million tons of CO2e. This is equivalent to permanently removing ~6.7 million petrol cars from roads worldwide. Furthermore, over 2.78 million homes are powered by our PV systems.
  • Enhanced efforts at our various sites to maintain employee safety, minimize resource consumption, reduce carbon emissions, and minimize waste impact (88% of waste was recycled/recovered).
  • Implementation of broader measures for energy savings and water reusage at our manufacturing sites.
  • Installation of solar energy systems on the rooftops of three of our global sites with similar installations planned for three additional sites in 2023.
  • Progress made towards enhancing gender equality in our workforce, with emphasis on increasing representation of women in technology and managerial roles.
  • Over 80,000 training hours were undertaken by our global employees in 2022, with new training, development and leadership programs designed to empower our people.

While there is always more to do, we are proud of the positive impact we have made this past year and we pledge to continue to enhance our efforts to create a clean, green and sustainable world for all of us.

Read our 2022 Sustainability Report here and let us know how we’re doing.

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