Introduction – Sustainability Strategy & Performance
2022 Performance Summary
Sustainability Report 2022 /
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
Powering the Future of Energy:
2022 Performance Summary
See section: Innovative Solutions
See section: Innovative Solutions
See section: Lifecycle Assessment
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: Responsible Procurement
See section: Health & Safety
See section: Diversity, Equity, & Inclusion
See section: Training & Development
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
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
See section: Ethics and Compliance
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
*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
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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