Emeren Group cuts over 21,000 tons of CO2 emissions in 2023

On December 2, 2024, Emeren Group Ltd released its 2023 Environmental, Social, and Governance (ESG) Report in Norwalk, Connecticut. The report reveals the company's significant advancements in sustainability, where it delivered 253 megawatts of clean energy through its Independent Power Producer (IPP) assets, which powered over 9,000 homes. Notably, Emeren Group achieved a reduction of 21,655 tons of CO2 emissions, showcasing their commitment to addressing climate change. The company also entered the energy storage sector in Europe and completed its inaugural solar energy storage project in China, further expanding its Battery Energy Storage System (BESS) portfolio to 1.5 gigawatts globally. The 2023 ESG Report highlights Emeren's dedication to fostering an inclusive and safe work environment. The company reported a zero-injury workplace and no incidents of discrimination. Workforce diversity increased, with women making up 42% of the employees and 80% of the board members identified as underrepresented minorities. Emeren has invested significantly in its human capital, providing nearly 3,700 hours of employee training related to safety, leadership, and technical development, affirming their belief that employee empowerment is crucial in achieving long-term business success. To ensure accountability and effective governance, Emeren strengthened its ESG oversight governance framework by implementing a three-tier system and an ESG Committee at the board level. This initiative aligns with the United Nations Global Compact principles, encompassing human rights, labor, environmental standards, and anti-corruption efforts. In terms of cybersecurity, Emeren has reported zero data breaches, further enhancing its data privacy measures, which is critical as data protection remains a top concern in the modern business landscape. Yumin Liu, the CEO of Emeren Group, expressed pride in the progress made throughout the year, emphasizing the importance of integrating ESG principles into all operational aspects, thus driving innovation and leading the transition to clean energy. The comprehensive nature of their sustainability efforts and improved governance practices positions Emeren to provide long-term value to stakeholders while significantly contributing to global renewable energy adoption. The full report is available on the company's website, showcasing their commitment to transparency in sharing their environmental, social, and governance efforts.