SUSTAINABILITY REPORT 2023

Powering

the Future of Energy

Sustainability is at the heart of what we do at SolarEdge. Since the Company’s foundation, we have supported global efforts to mitigate the adverse effects of climate change through our renewable energy solutions. By optimizing energy generation and consumption, our PV systems greatly support efforts to curb global temperature rise and reduce climate risks affecting nations worldwide.

Message
from Our CEO

SolarEdge is a global leader in high-performance smart energy technology. By leveraging world-class engineering capabilities and with a relentless focus on innovation, we create smart energy products and solutions that power our lives and drive future progress.

SolarEdge was founded in 2006 by five visionaries who saw the possibility to revolutionize the way power is harvested from the sun. One of our earliest innovations was an intelligent optimized inverter solution that transformed the solar industry and has led to SolarEdge becoming one of the leading PV inverter companies in the world.

Sustainable Approach & Progress

83%

>165

40M

Of generated waste was recycled or recovered

Women in management roles

Metric tons of GHG emissions avoided annually through the use of our installed systems

Homes equipped with a SolarEdge PV system

3.4M

Electrification. Decarbonization. Decentralization. Digitization.

These four words represent the keys to a smart, clean renewable energy future that will power the world for generations to come.

With demand on the rise to meet growing population requirements,^[1] global electricity consumption is expected to increase by over 80% by 2050 compared to 2010.^[2] There is no better, cheaper, more accessible way to meet these demands than by harvesting the power of the sun to generate electricity for all. The solar energy share of the global installed electricity capacity mix has been estimated to increase from 4% in 2022 to over 30% in 2050.^[3] This share of solar energy will represent more than 40% of the expected renewable energy capacity available from all sources.

Powering
Clean Energy

Technology is created by people. That’s why, at SolarEdge, we are people-first. Our people believe passionately in our purpose to power the future of energy and know that, as our business grows, so does our contribution to making our planet a place where all can thrive. Everyone at SolarEdge has a role to play in creating a cleaner, greener future.

At the same time, we seek to create a workplace that enables everyone to be at their best. This means living our values, operating ethically and responsibly, nurturing open and respectful communication, welcoming our differences, and caring about each other and our communities. We invest in building the capabilities of our people so they can enhance their contribution. And, we love having fun while we do all of the above!

Powering People

LET’S DIVE DEEPER:

Appendix

Join the SolarEdge Conversation

Contact our sustainability / ESG team

How can we help you?