REC Group Earns EcoVadis Silver Medal for Sustainability

Published on:
by KnowESG
KnowESG_REC Group Earns EcoVadis Silver Medal for Sustainability
Image courtesy of REC Group

REC Group, a leading international solar energy company based in Singapore, has been awarded the EcoVadis Silver Medal for its environmental, social, and governance (ESG) practices.

This places them in the top 15% of evaluated companies in the global electronics manufacturing industry.

EcoVadis, a reputable sustainability rating agency, assessed REC Group on 21 criteria across four key areas: environment, labour practices, ethical conduct, and sustainable sourcing.

REC excelled particularly in environmental performance and employee well-being. These ratings provide valuable insights and a roadmap for continuous improvement.

"We are extremely proud to receive this medal and I would like to thank our whole ESG Steering Committee and all the passionate REC colleagues for all their efforts," said Jan Bicker, CEO of REC Group. "We believe that as the solar industry grows in importance, so does our responsibility to be more sustainable too. For almost 30 years, REC has therefore strived to combine high-efficiency technology with sustainable business practices. And we will keep on going."

REC Group's strong performance across six of EcoVadis' seven indicators demonstrates their dedication to sustainability, particularly in energy, water, and waste reduction programmes, and their commitment to employee welfare. This shows REC's commitment to ESG excellence and building a more sustainable future.

"While high efficiencies will remain the number one criterion for choosing solar panels, we urge homeowners and businesses to look beyond power and price only," continues Bicker. "Sustainability and responsible practices should also be taken into account if consumers are really serious about making a positive contribution for all, the planet and the people. By choosing REC Group, customers can be confident that they are investing in products of a company that prioritizes both, performance and sustainability."

For more investor-related news

Discover an extensive network of ESG providers here

Source: REC Group


Investors Headlines

Safran to Build a More Sustainable Aerospace Supply Chain

Safran to Build a More Sustainable Aerospace Supply Chain

ESG in Private Real Estate: Preqin & Measurabl Tie-Up

ESG in Private Real Estate: Preqin & Measurabl Tie-Up

AIM Group Publishes First Sustainability Report

APSEZ Earns Top Ranks for Sustainability Efforts

IHS Towers Releases 2023 Sustainability Report

TriNet Earns Top ESG Rating from ISS ESG

PATRIZIA Strengthens ESG Team for Impact Investing

CapitaLand Investment Steps Up Sustainability Efforts

Sustainability Tops CEO Agendas for Growth, Says Survey

Hershey Releases 2023 ESG Report