KSTAR releases 2023 ESG Report

By KSTAR
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KSTAR has released its Environmental, Social and Governance report for 2023, outlining the company’s progress and achievements in the areas of environmental stewardship, social impact and corporate governance.

The report highlights KSTAR’s consistent efforts in daily operations and business practices to reduce carbon emissions, increase renewable energy adoption and support local communities. As a provider of PV inverters and energy storage solutions, the company has been at the forefront of clean energy technology and is dedicated to creating a more sustainable future.

With regard to the environmental aspect of the report, KSTAR has implemented a number of initiatives in terms of managing GHG emissions and taking energy-saving measures such as the utilization of clean energy and the introduction of innovative machinery, investing RMB 5,466,300 in environmental protection, up by 45% YoY.

In the social area, the company contributes to rural revitalization and supports public welfare, dedicating 2,478.36 service hours to charitable and volunteer activities. It also actively expands the application of “photovoltaic +” in agriculture, fishery, forestry and hydropower, promoting green rural development.

Moving to governance, KSTAR has a commitment to following robust corporate governance practices. As a listed organisation, the company  consistently refines its governance structure to underpin enduring growth, establishing a three-tiered ESG management system to ensure the organic integration of sustainable development practices within operational activities, also prioritizing the health and safety of its employees and working to create a diverse and inclusive work environment.

CEO Baishan Liu commented: “We are excited at the progress we have made in sustainability and look forward to continuing our efforts in the future. We believe that sustainability is not just a buzzword, it’s a core value that drives our decision-making and operations. By focusing on environmental, social and governance aspects, we believe that KSTAR can better deliver smart energy solutions to customers and play a vital role in shaping a more sustainable world.”

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