ReneSola Releases 2024 Environmental, Social, and Governance (ESG) Report

 ReneSola has officially released its 2024 Environmental, Social, and Governance (ESG) Report. The report comprehensively details the company's latest progress and significant achievements in environmental protection, social responsibility, and corporate governance, fully demonstrating its unwavering commitment and steadfast dedication to sustainable development.

Against the backdrop of a global push for sustainable progress, the clean energy sector, represented by the photovoltaic industry, has become a core driver of the green transition and plays an increasingly strategic role in the global development landscape.

Building a Green Future Together

In 2024, ReneSola made remarkable achievements in responding to the PV module market, enhancing energy management efficiency, and promoting green operations. Guided by sustainable principles, the company employs low-carbon materials, improves energy efficiency, and extends product lifespans, effectively reducing the environmental impact throughout the product's full life cycle. This year, ReneSola continued to deepen its green development strategy, proactively addressed energy transition challenges, drove intelligent industrial upgrades, and enhanced sustainable operational capabilities, injecting robust momentum into the high-quality development of the clean energy industry.

Illuminating a Zero-Carbon Future with Innovation

ReneSola focuses on developing green factories, utilizing advanced production equipment and processes to reduce energy consumption and carbon emissions. Its Yancheng base successfully obtained ISO 9001:2015 Quality Management System certification, with a first-pass yield exceeding 99.5%. The company not only strengthens quality control during production but has also introduced an intelligent manufacturing management system for real-time production monitoring and product traceability, boosting both production efficiency and product quality.

Simultaneously, ReneSola has established a comprehensive quality control system covering the "supply chain - production - delivery" pipeline. All quality control steps are monitored in real-time. The production process involves 52 product quality checkpoints: 100% of cells undergo automated visual inspection and electrical performance testing, while 100% of modules undergo visual inspection, electrical performance testing, EL testing, and safety standard testing. The In-Process Quality Assurance (IPQA) team conducts daily inspections covering 64 items to ensure compliance at all stages and prevent non-conforming products from entering the market.

Reflecting Long-Term Growth Through Value

ESG principles are a key driver for ReneSola's long-term growth. Safety management lays the foundation for stable operations, reducing accident losses, shaping a responsible image, and ensuring consistent production and talent attraction. Product quality and safety management forge core competitiveness; rigorous processes guarantee safe, high-quality products, enhancing customer satisfaction, loyalty, and profit margins. Supplier lifecycle management ensures a stable and efficient supply chain through end-to-end oversight from selection to exit, fostering collaborative development and mitigating risks. Full-chain green compliance management aligns with sustainable development trends, adhering to environmental regulations throughout the product lifecycle, meeting societal expectations, and opening new markets. Customer value and service management strengthen customer stickiness and loyalty through personalized service and superior after-sales support, building a stable customer base. These five aspects develop synergistically, helping the company navigate challenges and achieve sustainable development.

Expanding the Green Map with Ecological Focus

On the environmental front, ReneSola remains steadfast in implementing green production practices. In 2024, the company executed a series of energy-saving and emission-reduction measures, achieving remarkable results in reducing total carbon dioxide emissions. Furthermore, ReneSola is equally committed to resource management. Recognizing the significant water consumption in PV manufacturing, the company specifically formulated the Current Energy Management Regulations, installed flow meters within its factories, and adopted water-saving strategies such as regular monitoring and inspection of water usage, striving for the scientific management and efficient utilization of water resources.

Warming Global Partners with a People-Centric Approach

Under its ESG framework, ReneSola demonstrates profound humanistic care. Its human resource management is fair and precise, paving career development paths for employees. The company has established diverse communication mechanisms for seamless information exchange and timely resolution of employee concerns. A systematic training system, with needs-based customized courses, empowers employees. Warm care services protect both physical and mental health, while diverse cultural activities foster team cohesion and cultivate a positive, harmonious atmosphere.

Guided by its mission to "Empower Green Energy, Drive an Efficient Future," ReneSola is committed to advancing the global new energy industry to a higher level. The release of this ESG report fully showcases the company's outstanding practices and results in environmental protection, social responsibility, and corporate governance, highlighting its determination for sustainable development and its active exploration of green transformation and responsible management. Moving forward, ReneSola will be driven by green innovation, grounded in responsible operations, deepen its sustainable development strategy, and march steadily forward in the realms of clean energy technology and green manufacturing upgrades.