GoodWe Releases 2024 Sustainability Report, Highlighting ESG Progress and Global Impacts

GoodWe, a global leader in solar inverter and smart energy solutions, has released its 2024 Sustainability Report, marking the company's fourth annual ESG disclosure. The report highlights GoodWe’s progress across environmental, social, and governance (ESG) aspects as it continues to drive global energy transformation and promote sustainable development. This is also the first year GoodWe has conducted independent third-party audit of its report, a step forward strengthening the credibility of its ESG data and overall management actions.

“Our 2024 Sustainability Report reflects the strategic enforces of ESG at GoodWe,” said Dr. Kenan Zhang, Director of the GoodWe Sustainable Development Research Institute. “Strengthening our ESG performances is a continuous journey. Step by step, we’re integrating SDGs goals deeper into our operations and innovations, building a stronger platform to lead the transition in energy sector to a smarter, greener and more sustainable future.”

Strengthened ESG Governance and Transparency

In 2024, GoodWe strengthened its ESG framework by establishing an ESG Strategy and Management Committee, building upon its dedicated ESG department, which is established in 2023. The company aligned its practices with the UN Global Compact’s Ten Principles and demonstrated support for the UN Sustainable Development Goals.

GoodWe’s ESG performance gained recognition through multiple ratings and certifications, including:

    -B- score in the CDP Climate Change Questionnaire

    -Bronze Medal from EcoVadis, ranking in the top 35%

    -AA rating from China Securities Index

    -Positioned 25th in China’s Top 100 ESG Listed Energy Companies 

Green Operations and Carbon Management

Featured in the report, GoodWe's global headquarters, launched in 2024, showcases advanced green building design and smart low carbon technologies. With self-innovated and manufactured BIPV, inverters, EV chargers, heat and electricity storage, IoT equipment and smart energy management systems, the building achieves a 52.18% comprehensive energy savings rate and 34.41% local renewable energy utilization, and is certified as an ultra-low energy building.

Meanwhile, GoodWe Guangde manufacturing base was selected for inclusion in a provincial zero-carbon industrial park initiative, as well as the first set of Virtual Power Plant operation demonstration projects, in recognition of its excellence in photovoltaic technology and green manufacturing practices. This site features multi-scenario solar-storage deployments, generating electricity of nearly 4,000 MWh per year in the disclosure year.

(GoodWe Guangde Manufacturing Base, Phase III)

GoodWe shared in the report that the company expanded greenhouse gas (GHG) verification (including scale 1, 2 and 3) to cover its new global headquarters, Suzhou manufacturing base, Guangde manufacturing base, and Yude subsidiary.

Community Impacts and Inclusive Workplace

GoodWe continues to create long lasting value for both communities and the environment. The EcoSmart Kids campaign, in its second year in Australia, was extended to Pakistan, blending solar education with creative competitions to inspire young minds.

(GoodWe EcoSmart Kids 2024 campaign in Australia)

Reaffirming its environmental commitment, GoodWe launched the “GoodWe Forest” initiative during the 2024 Global Partner Summit, planting 2,024 trees with supports from two NGOs. The project is set to expand in 2025 and beyond.

(GoodWe Forest showcasing at the company’s exhibition hall)

Leveraging its technological strengths, GoodWe further extended its solar station donation program in 2024—from schools and communities to rural infrastructure—installing stations with a combined capacity of 375 kW in partnership with local collaborators. These efforts provide clean energy access and educational support where it's needed most.

Internally, the company remains dedicated to building a supportive workplace culture, being named the Best Employer in its headquarters city for the eighth consecutive year and recognized as ‘The Best ESG Practices Employer’ of the year.

Driving Innovation for a Smarter Energy Future

Innovation remains at the core of GoodWe’s development strategy. In 2024, the company further expanded its comprehensive energy products portfolio, integrating solutions such as inverters, battery systems, EV chargers, BIPVs, heat pumps, and smart energy management platforms—empowering customers worldwide to achieve smarter, more efficient and more cost-effective energy use.

Access the full 2024 Sustainability Report or view a summary at a glance. Join GoodWe in building a smarter, more sustainable energy future.