-Maxeon Solar Technologies wins Apex Award for “Sustainable Business” at the United Nations Global Compact Network Awards Ceremony in Singapore
SINGAPORE, Nov. 28, 2023 /PRNewswire/ — Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar innovation and channels, today announced that it received the ‘Sustainable Business’ award at the Apex Award ceremony in the United Nations Global Compact Network Singapore (GCNS), which brings together Singapore’s best companies in sustainability. The ceremony was held on November 3, 2023, in the presence of Singapore’s Minister of Sustainability and Environment, Grace Fu.
The Singapore Apex Corporate Sustainability Awards are one of Singapore’s most prestigious awards for corporate sustainability, recognizing companies whose operations or business solutions exemplify the Ten Principles of the United Nations Global Compact, in the areas of environment, human rights, work and the fight against corruption. The annual award highlights companies that have taken decisive action to advance the Sustainable Development Goals (SDGs) and aims to inspire more organizations to share responsibility for achieving a more sustainable future. In particular, the judges noted that, in addition to being a leader in sustainable solar technology, Maxeon takes social factors in its supply chain seriously and has taken aggressive steps to ensure that its supply chain is free of forced labor. This comes shortly after the UK’s Sheffield Hallam University, a leader in international forced labor study, found that Maxeon has zero exposures to the risks of forced labor in its report “OVER-EXPOSED: Uyghur Region Exposure Assessment for Solar Industry Sourcing”
Maxeon Solar Technologies CEO Bill Mulligan said: “Maxeon is a mission-driven company and we are delighted that our sustainability efforts have been recognized by the Singapore Global Compact Network. We plan to continue to be a leader in sustainability in the solar industry, both in Singapore and globally.
Global Compact Network Singapore CEO Esther Chang said: “Maxeon has been an enthusiastic and dedicated member of the Global Compact family since 2020. As one of our award winners, it serves as an excellent example of companies that think ahead. boldness and innovation to help us make significant progress towards the SDGs. They are achieving this by collaborating with ecosystem partners to ideate new solutions and amplify their impact. We look forward to continuing our work together to advance the sustainability agenda in Singapore and beyond.”
The APEX Award is one of several recognitions for excellence in corporate sustainability that Maxeon has achieved this year, including being named one of the top 1% of all companies globally in Corporate Knights’ annual ranking of the world’s most sustainable corporations. . The company was also named Malaysia’s most sustainable solar company at the country’s ESG Summit held in Kuala Lumpur on August 22, 2023.
Lindsey Wiedmann, Chief Legal and Sustainability Officer at Maxeon, said: “Joining the Global Compact from the beginning of Maxeon’s incorporation as an independent company was a critical decision. We have aligned our values ??with the values ??of the Global Compact from day one and have “We have built a very significant sustainability program on this. We are pleased to have been recognized with this award and look forward to continuing to lead the corporate sustainability agenda globally in the years to come.”
To learn more about Maxeon’s sustainability efforts and credentials, click here.
About Maxeon Solar Technologies
Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) is Powering Positive Change™. Headquartered in Singapore, Maxeon designs and manufactures solar panels under the Maxeon® and SunPower® brands, and has sales operations in more than 100 countries, operating under the SunPower brand in certain countries outside the United States. Maxeon is a leader in solar innovation with access to more than 1,000 patents and two best-in-class solar panel product lines. Maxeon products span the global rooftop and solar power plant markets through a network of more than 1,700 trusted partners and distributors. A pioneer in sustainable solar manufacturing, Maxeon leverages a history of more than 35 years in the solar industry and numerous awards for its technology. To learn more about how Maxeon is Powering Positive Change™ visit www.maxeon.com, on LinkedIn and on Twitter @maxeonsolar.
Forward-looking statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, including, but not limited to, statements regarding our expectations and plans. short-term and long-term strategy, our technological outlook and future performance; the effectiveness of our environmental and sustainability efforts and our ability to achieve expected benefits; incorporating governance-based, sustainable or environmentally beneficial features into our management, during the development of new projects or processes, or the implementation of improvements to existing projects and processes; demand and growth projections; our relationships with our stakeholders and our ability to develop and maintain them; and our ESG objectives, commitments, expectations, perspectives, as well as external commitments, initiatives and future plans. Among other things, quotes from management in this press release contain forward-looking statements. These forward-looking statements are based on our current assumptions, expectations and beliefs and involve uncertainties that may cause results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. A detailed discussion of these factors and other risks affecting our business is included in the filings we periodically file with the SEC, including our Form 20-F, particularly under the heading “Item 3.D. Risk Factors.” Copies of these filings are available online from the SEC or in the Finance and Filings section of our Investor Relations website at www.maxeon.com/financials-filings/sec-filings. All forward-looking statements contained in this press release are based on information currently available to us and we undertake no obligation to update these forward-looking statements in light of new information or future events.
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