Canadian Solar and Yingli Solar: Leaders in Sustainability and Social Responsibility in Renewables
- Yingli Solar's 2024 ESG report highlights its commitment to sustainability and recognition as a top renewable energy enterprise.
- The company achieved significant environmental milestones, reducing energy consumption and saving substantial water and electricity annually.
- Yingli Solar is recognized for its social responsibility, receiving accolades for excellence in ESG contributions and sustainability efforts.
Yingli Solar's Commitment to Sustainability and Social Responsibility
Yingli Energy Development Co., Ltd. (Yingli Solar) underscores its dedication to sustainability with the release of its 2024 Environmental, Social, and Governance (ESG) Report. This marks the third consecutive year the company publishes its ESG report, highlighting its significant achievements and ongoing commitment as a state-owned enterprise. During the SNEC event in Shanghai, Yingli is recognized as one of the Global New Energy ESG Top 100 Enterprises by the Asian PV Industry Association, a testament to its leadership in the renewable energy sector.
In 2024, Yingli Solar achieves notable environmental milestones, reflecting its proactive approach to sustainability. The company reports a reduction in energy consumption per unit of 3,062 kWh/MW compared to 2023, which translates to substantial monthly water savings of 4,000 tons and an annual electricity savings of 1.31 million kWh. These figures not only highlight Yingli's operational efficiency but also demonstrate its commitment to reducing its environmental footprint. The company maintains a 100% product qualification rate and a customer satisfaction rate of 96.17%, indicating a strong focus on quality and client relations.
Allen Geng, the General Manager of International Sales, emphasizes the company’s long-standing commitment to social responsibility. Yingli Solar has been a member of the WWF's Climate Savers program since 2013 and was one of the first companies to announce carbon emission reduction targets back in 2020. Recognizing its contributions to ESG and carbon neutrality, Yingli receives accolades including a position among the Top 10 for Excellence in Value Contribution and Model Responsibility Contribution on the 2024 Green Sustainable ESG Case List. Looking to the future, Yingli Solar aims to uphold its responsible corporate ethos by delivering high-quality products and collaborating with global partners to enhance the Beautiful China Initiative, ultimately improving the quality of life for all.
In addition to its ESG achievements, Yingli Solar is included in the inaugural China New Energy Industry ESG Value Index by the China Chamber of Commerce for Import and Export of Machinery and Electronic Products in 2023. This recognition further solidifies its standing within the industry as a responsible corporate citizen. The company remains focused on fostering partnerships that align with its sustainability goals, ensuring that it not only meets current market demands but also contributes to a more sustainable future.
As the renewable energy sector continues to evolve, Yingli Solar's commitment to environmental stewardship and social responsibility positions it as a leader in the industry, setting a standard for others to follow.
