Introduction – Sustainability Strategy & Performance

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Sustainability Strategy & Performance 

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Our sustainability strategy leverages high-performance smart energy technology to power the future of energy. With this, we aim to deliver positive impact for people and society while operating in line with ethical and responsible practices. Our three-pillar strategy, developed in 2020, was influenced by our Materiality Assessment. The results of this assessment have indicated 11 material topics that have the most significant impact for our stakeholders. These material topics align with our business objectives, stakeholder expectations, and 10 of the 17 UN Sustainable Development Goals.

Our strategy is supported by multi-year targets in each pillar. Progress toward the delivery of each target is sponsored and supported by a member of our senior management team. In 2022, we continued to make progress as is shown in the following 2022 Performance Summary.

So we can all enjoy better living and a sustainable future

Ethical and compliant conduct
Climate resilience
Resource efficiency
Ethical sourcing

Be a responsible employer
Protect human rights
Invest in communities

Accelerate affordable clean energy
Deliver smart energy solutions
Product innovation
Deliver sustainable products

Powering Business

Powering People

Powering Clean Energy

Teamwork icon Graph icon Green energy icon

Powering the Future of Energy:

SDG 10 icon SDG 15 icon SDG 13 icon SDG 5 icon SDG 9 icon SDG 8 icon SDG 1 icon SDG 12 icon SDG 3 icon SDG 7 icon

2022 Performance Summary

SDG 15 icon SDG 11 icon SDG 9 icon SDG 7 icon

30,646 GWh produced in 2022.
Total of 69,098 GWh of renewable electricity was produced in 2020-22 by our customers.
2025 target was exceeded, ahead of schedule.
A revised target will be determined.

 

 

First comprehensive carbon footprint analysis completed for leading models of inverters and Power Optimizers.

 

 

Launched S-Series range of Power Optimizers for all sizes of residential installations with advanced safety protection and easier installation.

 

Launched significant expansion of our residential portfolio, the “SolarEdge Home” smart energy ecosystem, including a new residential battery offering. 

2.78 million homes equipped with a SolarEdge PV system by the end of 2022 (cumulative). 2025 target was exceeded, ahead of schedule.
A revised target will be determined.

At least 30,000 GWh renewable energy produced by our customers using SolarEdge systems between 2020-2025

Improve the lifecycle value of our products

Invest in innovations supporting the transition to renewable energy use, storage and smart energy management.

Introduce new applications for home smart energy management and electric mobility

On Track

On Track

On Track

Exceeded

Target

Exceeded

Target

Reach 2.5 million homes equipped with a SolarEdge PV system

Deliver sustainable products

Product innovation

Deliver smart energy solutions

Accelerate affordable clean energy

Status

Performance in 2022

2025 targets

Goals

Powering Clean Energy

On Track

On Track

On Track

On Track

On Track

Audit key suppliers to assure their compliance with the SCoC requirements on social, ethical and environmental issues.  

 

Overall TRIFR rate in 2022 was 0.61 across all SolarEdge facilities. This represents a 19% increase from 2021 (0.50) but still achieves our annual target. Increase is mostly attributed to adding a significant amount of new operational positions, and to improvements in internal reporting procedures for safety incidents.


 

 

Multi-year community outreach plan started in 2022. Plan focuses on advancing renewable energy with a community value; STEM education and youth innovations; and enhancing diverse population groups.

 

 

 

32% women in total Israel workforce (up from 30% in 2021).  
18% women in R&D roles based in Israel (up from 17% in 2021). 

20% women in management roles based in Israel (up from 18% in 2021).
Over 40 women participated in designated development programs for female managers, and for women in tech roles.
Annual pay-gap analysis completed (for Israeli employees); no material difference found in pay by gender. 

More than 280 suppliers have signed their acknowledgment of the SCoC terms or presented equivalent codes of conduct of their own. The products and services received from these suppliers are related to over 93% of the combined direct monetary spend of our Solar and Storage divisions in 2022.
On-site SCoC audits conducted to date in four contract manufacturer sites, and two major raw material suppliers.

See section: Community Outreach

 

See section: Health & Safety

 

Delivered more than 80,000 hours of training (16.3 training hours per employee on average in 2022).
Implemented several employee and mangers development programs.
Formed career mapping and development planning for Service and most R&D roles 

 

Achieve TRIFR (total recordable injury frequency rate) equal to or below 0.7 in all SolarEdge facilities

Establish a global structured  community program with measurable community impact

Achieve acknowledgment of the terms of our Supplier Code of Conduct (SCoC) by all significant suppliers.

 

38% women in our Israeli workforce
21% women in R&D roles based in Israel
24% women in management roles based in Israel

 

Increase gender equality and inclusiveness in our workforce. Achieve these targets by 2025:  

Continue to increase investment in training & development opportunities for employees in order to develop new skills and professional learning at every level.

Invest in communities

Responsible Procurement

Be a responsible employer

Status

Performance in 2022

2025 targets

Goals

Powering People

SDG 5 icon SDG 3 icon SDG 10 icon SDG 8 icon

Behind
Schedule

On Track

On Track

Achieved 2022 plan

Behind schedule

Exceeding Target

Legend

All e-waste generated directly at manufacturing, R&D and logistic sites is collected and handled by certified WEEE (Waste Electrical and Electronic Equipment) handlers and recyclers.


1% increase in total Scope 1+2 emission-per-revenue in 2022 compared with 2021 (while still 5% lower compared with the 2020 base year).
Increase mostly caused by the significant energy consumption in the new Sella 2 site in Korea, which is still in its ramp-up stage. If excluding the Sella 2 ramp-up activities, the Scope 1+2 emission-per-revenue has decreased in 2022 by 33% compared with 2021.
To supplement emission reduction actions already undertaken, we are searching for additional ways to reduce these newly added emissions.

 

 

 

See section: Waste Management

See section: Climate Change Mitigation

Code of Conduct updated to include expanded guidance relating to whistleblowing practices, political and trades union involvement, and human rights.
Over 4,600 employees (>90% of global workforce), have successfully undergone the new mandatory Employee Code of Conduct training in 2022.

 

Achieve near-zero e-waste to landfill

By 2025, achieve a 30% reduction in Scope 1+2 greenhouse gas (GHG) emissions per $million revenue (base year 2020)

Enhance compliance and global training for Code of Conduct, Privacy, Intellectual Property, and Information Security

Resource efficiency

Climate resilience

Ethical and compliant conduct

Status

Performance in 2022

2025 targets

Goals

Powering Business

SDG 13 icon SDG 12 icon

*Slide to the left to see entire table

*Slide to the left to see entire table

*Slide to the left to see entire table

Powering Business

Powering People

Powering Clean Energy

Join the SolarEdge Conversation

 

 

 

Contact a product expert or sales representative

 

 

How can we help you?

 

*Slide to the left to see entire table

Our strategy is supported by multi-year targets in each pillar. Progress toward the delivery of each target is sponsored and supported by a member of our senior management team. In 2022, we continued to make progress as is shown in the following 2022 Performance Summary.

So we can all enjoy better living and a sustainable future

Powering the Future of Energy:

2022 Performance Summary

Our sustainability strategy leverages high-performance smart energy technology to power the future of energy. With this, we aim to deliver positive impact for people and society while operating in line with ethical and responsible practices. Our three-pillar strategy, developed in 2020, was influenced by our Materiality Assessment. The results of this assessment have indicated 11 material topics that have the most significant impact for our stakeholders. These material topics align with our business objectives, stakeholder expectations, and 10 of the 17 UN Sustainable Development Goals.

Introduction – Sustainability Strategy & Performance

Trees

Sustainability Strategy  

Sustainability Report 2022 /