Maxeon Solar Technologies Joins the United Nations Global Compact
AsiaNet 87217
SINGAPORE, Dec. 14, 2020 /PRNewswire=KYODO JBN/--
-- In its first full quarter, the company commits to world's largest corporate
sustainability initiative
Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar
innovation, today joined the United Nations Global Compact (
), the world's largest voluntary corporate sustainability initiative. The
company committed to be a Signatory of the Global Compact in its first full
quarter of operations from its global headquarters in Singapore, having become
an independent entity at the end of August 2020.
Logo -
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As a special initiative of the UN Secretary-General, the United Nations Global
Compact is a call to companies everywhere to align their operations and
strategies with ten universal principles in the areas of human rights, labour,
environment and anti-corruption, and to take action in support of the United
Nations Sustainable Development Goals (the Global Goals or SDGs). It includes
more than 10,000 companies and 3,000 non-business signatories based in over 160
countries, and more than 60 Local Networks.
"With less than ten years left to meet the UN's 2030 Agenda on sustainable
development, renewable energy will be a key engine powering both Singapore's
and the world's decarbonization agenda," said Esther Chang, Executive Director,
Global Compact Network Singapore. "At Global Compact Network Singapore,
enabling businesses to transition smoothly to a low-carbon future through
community and capacity building is a key priority. We warmly welcome Maxeon
Solar Technologies to the United Nations Global Compact and look forward to
working alongside them to take decisive action for the SDGs."
As part of its sustainability commitment to solving global issues, Maxeon will
align its Environmental, Social, Governance (ESG) strategy with the United
Nations SDGs as it continues to deliver industry-leading technologies to enable
its customers' decarbonization initiatives. This global framework lays out 17
goals adopted in 2015 by all 193 Member States of the UN. According to the
recent foreword from the UN Secretary-General in The Sustainable Development
Goals Report 2020 (
), the ongoing COVID-19 pandemic is threatening lives and livelihoods, exposing
and exacerbating existing inequalities and injustices making the aspirations of
achieving the Global Goals even more challenging.
"By broadening our sustainability strategy to the United Nations Global Compact
and Sustainable Development Goals, we can make an even greater impact on the
communities we serve in more than 100 countries - especially in this
unprecedented time when urgent action to support the SDGs is key," said Jeff
Waters, CEO of Maxeon Solar Technologies, in a blog posted today (
). "It's a commitment inspired by our company purpose, Powering Positive Change
(TM) (
)-- our steadfast belief that, by constantly improving ourselves, we help
create a better future for our planet, our stakeholders and our business."
To deliver its external commitments to the UN Global Compact, Maxeon has
bolstered its internal team naming Lindsey Wiedmann, Chief Legal Officer, as
the company's Global Environment, Social, Governance (ESG) Executive Leader.
Wiedmann will head a team of ESG experts with direct experience with the UN
Global Compact. Matthew Kasdin, Director, Senior Counsel, was a Legal Advisor
to the UN Global Compact and Principles for Responsible Investment (PRI)
initiatives, and was a member of the UN Development Program Stakeholder
Advisory Committee on Climate Change. He was recently joined by Alvin Seo,
Global ESG Lead, who was one of ten people worldwide honored in 2019 as an
United Nations Global Compact SDG Pioneer (
) to recognize individuals in businesses championing sustainability and
mobilizing companies to be a force for good.
"At Maxeon, we are driven by the opportunity to give people everywhere the
power to make a positive impact on our world, with intense focus on
decarbonizing our planet. We are proud of our legacy in raising the bar for
the entire solar industry, and eager to join the UN Global Compact and continue
this important work with like-minded organizations and companies that
prioritize environmental, social and governance stewardship through the
advancement of the Sustainable Development Goals," concluded Wiedmann.
For more on Maxeon's ESG effort, please visit: https://www.maxeon.com/esg.
About Maxeon Solar Technologies
Maxeon Solar Technologies (NASDAQ:MAXN) is Powering Positive Change(TM).
Headquartered in Singapore, Maxeon designs, manufactures and sells SunPower®
brand solar panels in more than 100 countries, operating the SunPower brand
worldwide except the United States and Canada. The company is a leader in solar
innovation with access to over 900 patents and two best-in-class solar panel
product lines. A Signatory to the UN Global Compact and supporter of UN Global
Goals, Maxeon is a forerunner in solar sustainability with industry-first green
credentials in panels and a fleet of five LEED-certified facilities. With
operations in Africa, Asia, Oceania, Europe and Mexico, Maxeon products span
the global rooftop and solar power plant markets through a network of more than
1,100 trusted partners and distributors. A pioneer in sustainable solar
manufacturing, Maxeon leverages a 35-year history in the solar industry and
numerous awards for its technology. For more information about how Maxeon is
Powering Positive Change™ visit us at www.maxeon.com, on LinkedIn (
) and on Twitter @maxeonsolar (
).
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995, including, but not
limited to, statements regarding the extent and effectiveness of the company's
efforts to align its Environmental, Social, Governance (ESG) strategy with the
United Nations Sustainable Development Goals and its ability to achieve these
goals. These forward-looking statements are based on our current assumptions,
expectations and beliefs and involve uncertainties that may cause results,
performance or achievement to materially differ from those expressed or implied
by these forward-looking statements. A detailed discussion of these factors
and other risks that affect our business is included in filings we make with
the SEC from time to time, including our Form 20-F, which was declared
effective by the SEC on August 4, 2020, particularly under the heading "Item
3.D. Risk Factors." Copies of these filings are available online from the SEC
or on the Financials & Filings section of our Investor Relations website at
www.maxeon.com/financials-filings/sec-filings. All forward-looking statements
in this press release are based on information currently available to us, and
we assume no obligation to update these forward-looking statements in light of
new information or future events.
(C) 2020 Maxeon Solar Technologies, Ltd. All Rights Reserved. MAXEON is a
registered trademark of Maxeon Solar Technologies, Ltd. Visit
www.maxeon.com/trademarks for more information.
SOURCE: Maxeon Solar Technologies, Ltd.
CONTACT: Investor:
The Blueshirt Group
Gary Dvorchak, CFA
gary@blueshirtgroup.com
Mobile: +1-(323)-240-5796; or
Media:
Anna Porta
Anna.Porta@Maxeon.com
Mobile: +39-(345)-7706205
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