Sungrow Tops in 2021 China Top 500 ESG Companies

Sungrow, the global leading inverter solution supplier for renewables, announced that the Company ranked first in the 2021 China Top 500 ESG Companies list released jointly by the well-known organization Sina Finance ESG Rating Center and CCTV-1 Brand of Great Power program.

The environmental, social, and governance (ESG) criteria are a set of standards for a company's operations that socially conscious investors use to screen potential investments. It's an evaluation of a company's collective conscientiousness for social and environmental factors.

"ESG plays an important role in helping Sungrow build trust with our stakeholders and delivering sustained outcomes, and it's an area of focus for us," commented Cao Renxian, Chairman of Sungrow.

With a continued commitment to ESG, the Company has been rated AA by MSCI ESG for two consecutive years something few peers have achieved. It has also won the 2020 Corporate Social Responsibility Report AA Rating awarded by the China Ministry of Industry and Information Technology (MIIT) as well as the Social Responsibility Award from the World Brand Lab. Notably, Sungrow joined China's ESG leaders' organization in mid-January 2022.

Sungrow is poised to leverage its comprehensive strengths to pave the way toward a net-zero carbon future. Focusing on renewable energy technologies, Sungrow takes PV and energy storage as its core businesses. It now goes way beyond this and is operating in wind power, the EV sector, and the green hydrogen markets.

The solutions it offers achieve environmental sustainability while maintaining prominent product quality and services to realize sustainable operations and development. As of December 2021, the Company's accumulative inverters shipments reached 224 GW -- a number equivalent to generating around 315,200 GWh of clean electricity per year and eliminating 252 million tons of carbon dioxide.

"Sungrow is committed to actively promoting ESG initiatives in the future. We'll keep applying our wealth of expertise and skills to deliver sustainable solutions that are competitive, resilient, effective, and deliver joint benefits for all stakeholders," Prof. Cao added.