Maxeon Releases 2023 Sustainability Report, Highlighting its Continued Progress as One of the World's Most Sustainable Companies
Maxeon's fourth annual Sustainability Report outlines the company's comprehensive approach, commitment, and progress in sustainable business operations. 2023 brought Maxeon well-deserved recognition for its industry leadership, including the APEX Award for Most Sustainable Business awarded by the United Nations Global Compact Singapore. Maxeon also rose to the Top 50 Most Sustainable Companies in the world as ranked by
"As more countries and corporations pledge to achieve net-zero emissions, renewable energy will play a pivotal role in enabling this transition," said
2023 was a year of change at Maxeon that included significant innovation in its solar energy solutions, and the Sustainability Report details how the Company's achievements are focused on shaping a better future for our planet and for Maxeon's stakeholders.
Additional highlights from the 2023 Sustainability Report include:
- Launching a circular economy partnership with
Nanyang Technological University inSingapore to improve the recycling process for solar panels - The introduction of its SunPower home energy system empowering consumers to optimize their home energy consumption and their use of self-generated clean energy
- The launch of the Maxeon 7 solar panel with over 24% efficiency and superior shade tolerance
- LEED Gold Certification for Maxeon's
Singapore headquarters - Establishing Maxeon Impact Areas in Gender Equity, Sustainability and Mental Wellness
- A 25% improvement in customer NPS scores, reflecting exceptional customer focus
Maxeon's latest Modern Slavery Statement provides further transparency and goes in depth examining the Company's human rights protections throughout its supply chain, including detailed insight into its traceability measures for key raw materials.
"I am proud to continue Maxeon's tradition of leading the solar industry by issuing robust, comprehensive and transparent reporting on our performance," said Lindsey Wiedmann, Chief Legal & Sustainability Officer at Maxeon. "Our values include Holding Ourselves to a Higher Standard, and in doing so, we are raising the bar for the industry and promoting the importance of corporate action to address climate change and its negative impacts."
The latest edition of the Sustainability Report adheres to the highest international reporting standards of the
Maxeon's 2023 Sustainability Report can be found on the Company's website here, and the Modern Slavery Statement is also available here.
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Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, including, but not limited to, statements regarding our expectations and plans for short- and long-term strategy, including our product and technology focus, our technology outlook and future performance; the effectiveness of our environmental and sustainability efforts and our ability to achieve the expected benefits; the incorporation of governance-led, sustainable or environmentally beneficial features in our management, during development of new projects or processes, or the implementation of improvements to existing projects and processes; demand and growth projections; our relationships with our stakeholders, and our ability to develop and maintain them; and our goals, commitments, expectations, prospects as well as external ESG commitments, initiatives, and future plans. Among other things, the quotations from management in this press release contain forward-looking statements. These forward-looking statements are based on our current assumptions, expectations and beliefs and involve uncertainties that may cause results, performance, or achievement to materially differ from those expressed or implied by these forward-looking statements. A detailed discussion of these factors and other risks that affect our business is included in filings we make with the
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