Report demonstrates progress toward and impact on
environmental, social, and governance initiatives, including
diversity, equity, and inclusion priorities.
SAN
JOSE, Calif., July 12,
2024 /PRNewswire/ -- Boviet Solar Technology Co.
Ltd. (the "Company" or "Boviet Solar"), a leading solar energy
technology company specializing in manufacturing monocrystalline PV
cells, Gamma Series™ Monofacial, and Vega Series™ Bifacial PV
Modules, today announced the publication of its 2023 ESG report.
The report highlights the company's sustainability activities,
performance, and results.
The strides are a testament to our
employees' dedication and collaboration with our partners,
community, and customers.
The report showcases Boviet Solar's significant strides towards
its 2030 sustainability goals. These include reducing environmental
impact, investing in local communities, fostering a safe,
inclusive, and respectful workplace, driving responsible and
ethical business practices, and accelerating a more sustainable
value chain in collaboration with customers, partners, and
suppliers.
Key ESG Milestones (2019-2023):
- 38% decrease in cell electricity intensity
- 48% decrease in module electricity intensity
- 68% decrease in water intensity
- 100% of photovoltaic component designs passed the Toxicity
Characteristic Leaching Procedure (TCLP) tests
- 48% decrease in waste emission intensity
- 91% increase in waste recycling and reuse intensity
- 0 recorded injury rate per million work hours for 2023
- 49.16% of employees are female
- Workforce includes nationalities from Asia, the Americas, and Europe
- Transparent supply chain protocols with third-party independent
audits
- A diverse board of directors with 33% independent
directors
Future Goals (by 2030):
- Reduce GHG intensity by 28%
- Decrease solar cell electricity intensity by 28%
- Decrease solar module electricity intensity by 28%
- Reduce water intensity by 25%
- Reduce waste intensity by 22%
Prepared in accordance with the Global Reporting Initiative
(GRI) Standards, Boviet Solar's 2023 sustainability report is
available for review at globalreporting.org.
Jimmy Xie, General Manager of
Boviet Solar, expressed his pride in the company's progress. "The
strides we've made toward our long-term commitments are a testament
to our employees' ongoing dedication and contributions, and
collaboration with our suppliers, partners, community, and
customers," he said. "Sustainability is an ongoing journey, and we
will continue to further embrace sustainable, responsible
manufacturing practices as we build great products for our
customers, deliver stakeholder value, and do our part to help
address broader environmental and social call-to-actions for
current and future generations."
Boviet Solar remains committed to the United Nations Global
Sustainability Goals and will continue to focus on operating as a
responsible business, advancing ESG initiatives to create healthier
futures for all living things, starting with the health of people
and the planet.
Boviet Solar's sustainability report can be downloaded at:
bovietsolar.com/sustainability.
About Boviet Solar
Founded in 2013 in Vietnam,
Boviet Solar, is a leading solar technology company that
specializes in the manufacturing of Monocrystalline PERC, TOPCon PV
cells and Gamma Series™ Monofacial, Vega Series™ Bifacial PV
modules, as well as solar project development. The company offers
business, financial stability, technological know-how,
manufacturing excellence, top-performing PV modules, supply chain
transparency and strong environmental, social, corporate governance
protocol and client relations based on mutual partnership. As of
January 2024, Boviet Solar's annual
PV cell and PV module manufacturing capacity is 3.0 GW, it has
delivered a total of 6.2 GW since inception and mainly focuses on
the U.S. market.
The company works with EPCs, developers, installers, and
contractors to deliver top-performing PV modules for utility-scale,
commercial, industrial, and residential solar projects. With a
proven track record of successfully working with many of the
industry's leading players, Boviet Solar has been named top 10
Global bankable PV module manufacturers by Wood and
Mackenzie. Boviet Solar's PV Modules are known for their
power, performance, and quality and have been rated as top
performers on Kiwa/PVEL's PV Module Reliability Scorecard since
2019. Black & Veatch successfully completed an independent
assessment of Boviet Solar's manufacturing facilities in 2022.
Boviet Solar's manufacturing facilities are located in Vietnam and the U.S. with offices in
the United States, Germany, and China, and its global headquarters in
Vietnam. For more information
about our company and products please visit
www.bovietsolar.com.
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SOURCE Boviet Solar