Waaree Energies has become the first Indian solar PV manufacturer to receive the prestigious Gold Medal from EcoVadis, a global sustainability ratings organization based in France. The company secured a ranking in the 97th percentile, placing it among the top 5% of companies worldwide for environmental, social, and ethical business practices.
EcoVadis Evaluation: A Comprehensive Sustainability Assessment
EcoVadis evaluates companies based on four key sustainability themes:
- Environment – Measures efforts to reduce carbon footprint and promote green energy.
- Labour and Human Rights – Assesses workplace policies, employee well-being, and ethical labor practices.
- Ethics – Ensures business integrity, transparency, and fair corporate governance.
- Sustainable Procurement – Examines supply chain sustainability and responsible sourcing.
Benefits of EcoVadis Certification
Earning the EcoVadis certification enhances Waaree Energies’ global reputation and strengthens its eligibility for partnerships with ESG-focused organizations. Additionally, it opens new market opportunities and provides a competitive edge. The rigorous evaluation process helps identify and mitigate environmental, social, and governance (ESG) risks, ensuring sustainable operations.
Moreover, adopting eco-friendly practices improves resource management, reduces waste, and drives long-term cost efficiencies. These measures not only promote environmental responsibility but also enhance financial performance.
Commitment to a Sustainable Solar Value Chain
Waaree Energies is dedicated to decarbonizing the solar value chain, from sourcing raw materials to manufacturing and installation. Recently, the company earned an Environmental Product Declaration (EPD) certification for its low-carbon solar modules, further demonstrating its commitment to sustainability.
Expanding Global Manufacturing Capabilities
Headquartered in Mumbai, Waaree Energies operates state-of-the-art solar PV manufacturing facilities with a total installed capacity of 15 GW globally. This includes 1.3 GW from Indosolar and 1.6 GW from its Texas, USA facility. Additionally, the company runs a 1.4 GW solar cell manufacturing plant, with plans to expand capacity to 5.4 GW.
As reported by pv-magazine-india.com, with the latest achievement, Waaree Energies continues to lead India’s solar industry, setting new benchmarks in sustainability and innovation.
