Waaree Energies Becomes First Indian Solar PV Manufacturer to Achieve EcoVadis Gold Medal, Placing Among Top 5% of Global Companies for ESG Excellence

MUMBAI, India, March 6, 2025 /PRNewswire/ -- Waaree Energies, India's largest solar PV module manufacturer and a global leader in clean energy solutions, has achieved the prestigious EcoVadis Gold Medal, becoming the only Indian solar PV manufacturer to ever receive this distinction. With a 97th percentile ranking, Waaree Energies now joins the top 5% of companies worldwide assessed for their environmental, social, and ethical business practices- a resounding evidence to the company's commitment to responsible corporate citizenship and sustainable value creation.

Beyond industry recognition, the EcoVadis certification brings multifaceted benefits to businesses. It enhances the company's global reputation, strengthens its eligibility for partnerships with ESG-conscious organizations, and opens new market opportunities. The rigorous evaluation process also aids in risk mitigation by identifying potential environmental, social, and governance vulnerabilities within operations and supply chain. Moreover, the adoption of sustainable practices optimizes resource management, reduces waste, and unlocks long-term cost efficiencies- contributing to both environmental stewardship and financial performance.

Reflecting on the achievement, Dr. Amit Paithankar, Whole-time Director & CEO, Waaree Energies Ltd. said, "It's an important milestone in the journey of sustainable future, being the first Indian solar PV manufacturer to receive this honour reflects our deep-rooted commitment to embedding sustainability at the heart of everything we do- from the products we create to the partnerships we nurture. While placing us among the global ESG elites, this sets a new precedent for India's solar manufacturing ecosystem. This achievement strengthens our position as a trusted global partner and a torchbearer of responsible solar manufacturing for the world."

Waaree Energies' ESG journey is underpinned by its pledge to decarbonizing the solar value chain- from sourcing to manufacturing to installation. Notably, the company recently earned Environmental Product Declaration (EPD) certification for its low-carbon solar modules as well. This accolade serves as a blueprint for the entire industry- proving that Make in Indiacan compete with the best in the world, not just on scale but on sustainability standards.

About Waaree Energies Limited:

Established in 1990, Waaree Energies Limited (WAAREE) is India's leading renewable energy company, accelerating the global energy transition. Headquartered in Mumbai, we operate state-of-the-art manufacturing facilities with an installed capacity of ~15 GW for solar PV modules globally (including 1.3GW of Indosolar & 1.6GW in Texas, USA). The company also has 1.4 GW of cell manufacturing facility with an expansion capacity up to 5.4 GW. With presence across India and 25+ countries worldwide, we offer innovative solar solutions, including panel manufacturing, EPC services, project development, and rooftop systems. Committed to sustainability, Waaree empowers a greener future by delivering cutting-edge, cost-effective energy solutions.

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SOURCE Waaree Energies Limited