• Solar energy can mitigate impact of weather-related disasters 2014-07-03 Studies have shown that extreme weather-related disasters are on the rise, and that these disasters are disproportionally affecting Asian cities and countries. According to the Asian Development Bank, Asia accounts for half of the world’s estimated e...
  • Solar to match coal in China by 2016, threatening fossil dominance 2014-06-03 Here is a story to cheer us all up. Wuxi Suntech Power expects the cost of electricity from solar modules match to coal-powered stations in China as soon as 2016. If so, we are entering a dramatically different world.The company’s chief executive, Er...
  • Suntech's Modules "Best in Class" - Receive Top Quality Ranking by VDE... 2014-06-03 WUXI, China, June 2, 2014 /PRNewswire/ -- Wuxi Suntech today announced its modules have received the VDE Quality-Tested certification, attesting that the quality of Suntech modules exceed existing industry standards. Suntech is only the third brand g...
  • Solar is built to weather the storm 2014-06-03 This isn’t the place to rehearse the benefits of renewable energy.Only the most ferocious climate denier or fanatical Big Oil advocate refuses to acknowledge wind and solar’s role in reducing greenhouse gas emissions while providing clean, reliable e...

Suntech Recognized as a New Sustainability Champion by World Economic Forum

Posted on 2011-09-28
Only Solar Energy Company to Shine in Terms of Environment and Social Initiatives

WUXI, China, Sept. 28, 2011 /PRNewswire via COMTEX/ --

Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's largest producer of solar panels, was recognized by the World Economic Forum as a New Sustainability Champion in their recent report entitled 'Redefining the Future Growth: The New Sustainability Champions'. Suntech was the only solar company to be named New Sustainability Champion, underscoring its commitment and achievement to continually lead the renewable energy industry in terms of sustainability and innovation.


"Suntech is honored to be recognized as a New Sustainability Champion by the World Economic Forum," said Dr. Zhengrong Shi, Suntech's Founder and CEO. "As we celebrate our 10th anniversary this year, this recognition reaffirms Suntech's vision to be a sustainable, responsible company delivering energy choices for tomorrow. In the next ten years, Suntech will perpetually make strategic investments to accelerate humanity's transition towards a more sustainable and responsible way of living."

The report, prepared with The Boston Consulting Group (BCG), takes into account criteria covering sustainability, innovation, scalability, geography and company size. Additionally, the World Economic Forum and BCG analyzed over 1,000 businesses around the world and identified 16 fast-growth companies, including Suntech, who demonstrated ability in tackling challenges of performance, innovation, sustainability and growth.

"Suntech stands out as a New Sustainability Champion, a company fully committed to business excellence and the improvement of society," said Jerry Yu, Director, Center for Global Growth Companies, World Economic Forum. "Together with World Economic Forum, we are confident that Suntech will continually inspire and lead the next generation of companies around the world to be more sustainable, innovative, and environmentally responsible."

Suntech recently launched the first global edition of its Sustainability Report 2010, which showcases the company's successes and opportunities with sustainable business initiatives. Known for its technology leadership, all of Suntech's R&D programs have a clear goal - reduce the cost of harnessing solar energy and increase the performance of solar cells and panels to ultimately make solar affordable for everyone, everywhere. However, Suntech's commitment to sustainability goes beyond its products. The company works closely with industry partners around the world to take responsibility for the complete environmental lifecycle of its products and operations. In January 2011, Suntech was also awarded the "Global Leader Award 2011" from Murphy&Spitz recognizing Suntech's exceptional EH&S practices.

To learn more about Suntech's sustainability efforts, please down the Sustainability Report 2010 here.

© Copyright: Wuxi Suntech Power Co., Ltd. All rights reserved. Design By Panasia Information.