Singapore-based global solar innovation and technology company Maxeon Solar announced it has been included on the 2023 Corporate Knights Global 100 Index, earning a place in the top 1% of the world's most sustainable companies.
"Sustainability for Maxeon is a 360° commitment and at the core of everything we do. We are honored to be acknowledged as one of the most responsible corporations in the world," said Mark Babcock, Interim CEO of Maxeon Solar.
The Global 100 is an annual ranking by Canada-based international sustainable business research firm Corporate Knights, renowned for evaluating the corporate and environmental sustainability performance of the world's largest publicly listed companies. The ranking factors into 25 quantitative indicators, ranging from sustainability and natural resource management to employee management, financial metrics and supplier performance.
According to Corporate Knights, the main criteria that ensured the inclusion of Maxeon in the 2023 ranking were, among others, the company's total revenue generation from clean power and sustainable investments, sustainability of its supply chain, respect for human and labor rights at its factories, its circular economy practices and its female representation in the executive management team.
"With renewables set to take the stage as global power capacity increases in the coming years, solar panels are becoming an increasingly important player in the world's energy mix," said Toby Heaps, CEO and co-founder of Corporate Knights.
"We are pleased to see companies like Maxeon lead with 100% sustainable investment and revenue, joining the Global 100 ranks alongside other leading sustainability performers."
After SunPower's spin-off, Maxeon Solar made its debut as a brand-new company in 2020. Its Maxeon series solar modules are integrated with IBC and other high-efficiency cell manufacturing techniques and positioned in premium applications and markets. Today, Maxeon solar modules are supplied to solar projects around the globe. Early this month, Maxeon extended its supply relationship with SunPower through 2025, further enhancing its footprint in the U.S. market.