Maxeon Solar Technologies publishes 2023 sustainability report

By Editor


Maxeon Solar Technologies, a leader in solar innovation, has released its 2023 Sustainability Report and annual Modern Slavery Statement.

The fourth annual Sustainability Report from Maxeon outlines the company’s strategic approach, dedication, and progress in sustainable business practices.

In 2023, Maxeon received significant accolades, including the APEX Award for Most Sustainable Business from the United Nations Global Compact Singapore and a place among the Top 50 Most Sustainable Companies globally as ranked by Corporate Knights. Additionally, Maxeon maintained high ratings in sustainability indices, with an AA rating from MSCI and a Prime rating from ISS.

“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,” said Lindsey Wiedmann, Chief Legal & Sustainability Officer at Maxeon.

“As more countries and corporations pledge to achieve net-zero emissions, renewable energy will play a pivotal role in enabling this transition,” stated Bill Mulligan, CEO of Maxeon. “Maxeon is delighted to be a key player in the race to net-zero, supporting the growing demand for solar energy through our exceptional sustainability and governance best practices.”

Key highlights from the 2023 Sustainability Report include:

Circular Economy Partnership: Collaboration with Nanyang Technological University in Singapore to enhance solar panel recycling processes.

SunPower Home Energy System: Introduction of a home energy system empowering consumers to optimize their energy consumption and use of self-generated clean energy.

Maxeon 7 Solar Panel Launch: A new solar panel with over 24 percent efficiency and superior shade tolerance.

LEED Gold Certification: Achieved for Maxeon’s Singapore headquarters.

Maxeon Impact Areas: Focus on Gender Equity, Sustainability, and Mental Wellness.

Customer Satisfaction: A 25 percent improvement in customer NPS scores, reflecting a strong customer focus.

Maxeon’s Modern Slavery Statement for 2023 provides detailed insights into the company’s human rights protections throughout its supply chain, including comprehensive traceability measures for key raw materials.

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