Waaree Energies, India’s largest manufacturer of solar PV modules, has earned the EcoVadis Gold Medal for its excellence in Environmental, Social, and Governance (ESG) practices. This recognition makes Waaree the first Indian solar PV manufacturer to achieve such an honor. With a ranking in the top 3% of companies worldwide, Waaree Energies now ranks among the top 5% of global companies committed to responsible and sustainable business practices.
The EcoVadis certification is a significant milestone for Waaree, offering several advantages. It strengthens the company’s global reputation and opens doors to collaborations with organizations that prioritize ESG initiatives. The certification process also helps identify operational risks and supply chain weaknesses, leading to improved resource management, reduced waste, and long-term cost savings. These eco-friendly practices not only contribute to environmental sustainability but also enhance the company’s financial performance.
Dr. Amit Paithankar, Whole-time Director and CEO of Waaree Energies, expressed pride in the company’s achievement. “Being the first Indian solar PV manufacturer to receive this recognition is a major accomplishment,” he said. “It reflects our commitment to sustainability in every aspect of our operations, from product development to partnerships. This recognition sets a new standard for India’s solar industry and positions us as a global leader in responsible solar manufacturing.”
Waaree Energies’ ESG efforts are centered on decarbonizing the entire solar value chain, from sourcing materials to manufacturing and installation. The company has also earned an Environmental Product Declaration (EPD) certification for its low-carbon solar modules, further underscoring its dedication to sustainability. This recognition sets an example for the industry, showing that Indian solar manufacturing can excel globally not only in production but also in environmental responsibility.
Founded in 1990, Waaree Energies is a prominent renewable energy company based in Mumbai. The company operates advanced manufacturing facilities capable of producing 15 GW of solar PV modules globally, with plants in India and the United States. Waaree Energies provides a range of solar solutions, including panel manufacturing, EPC services, project development, and rooftop systems. Dedicated to promoting a greener future, Waaree continues to deliver innovative and affordable energy solutions worldwide.
