
Trinasolar has been assigned an ESG Entity Rating of 2, with an ‘entity’ score of 81, by Sustainable Fitch, a subsidiary of global financial information service provider Fitch Group. The rating is not only the highest within the global solar panel manufacturing sector, but also among all rated companies in the Asia-Pacific region.
The Sustainable Fitch ESG Ratings measure a company’s performance across environmental, social and governance dimensions on a scale from 1 to 5, where 1 represents the highest level. Additionally, a scoring system from a low of 0 to a high of 100 is utilized.
Trinasolar has been recognized as a “pure player” for its significant contribution to climate change mitigation and the clean energy transition. The assessment highlighted its environmental policies, transparent disclosures and unblemished record, with no critical environmental incidents reported over the past three years. The company also received high marks for meeting environmental targets and effective management of supply chain environmental risks.
In evaluating Trinasolar’s social profile, Sustainable Fitch noted its exemplary performance in human rights, labour practices and community engagement, the company having signed up to UNGC Women’s Empowerment Principles, obtained SA8000 certification and been awarded a top AA rating for supply chain traceability by TÜV Rheinland.
Sustainable Fitch also affirmed the robustness of the company’s governance structure, Trina having developed a four-tier ESG structure encompassing governance, management, execution and supervision.
Wu Xiao, Head of Risk Control and ESG Management, commented: “We are delighted to receive the high evaluation and positive feedback from Sustainable Fitch. As a member of the UN Global Compact, we are committed to enhancing our ESG management capabilities, spearheading technological innovation and fulfilling our responsibilities towards the environment, society and corporate governance.”