SINGAPORE, Nov. 8, 2023
/PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a
global leader in solar innovation and channels, announced today
that it has received the award of 'Sustainable Business' at the
United Nations Global Compact Network Singapore's (GCNS) Apex Award
ceremony celebrating the best companies in Singapore for sustainability. The ceremony was
held on November 3, 2023, in the
presence of Singapore's Minister
for Sustainability and the Environment, Grace Fu.
The Singapore Apex Corporate Sustainability Awards are one of
the most prestigious awards in Singapore for corporate sustainability and
recognize companies whose business operations or solutions
exemplify the Ten Principles of the United Nations Global Compact,
in the areas of environment, human rights, labor, and
anti-corruption. The annual award spotlights companies that have
taken decisive steps to advance the Sustainable Development Goals
(SDGs) and aims to inspire more organizations to share the
responsibility of achieving a more sustainable future. In
particular, the judges noted that alongside being a leader in
sustainable solar technology, Maxeon takes social factors in its
supply chain seriously and has taken strenuous measures to ensure
that its supply chain is free of forced labor. This comes shortly
after the United Kingdom's
Sheffield Hallam University, a leader in the international study of
forced labour, found that Maxeon has zero exposure to forced labour
risks in its "OVER-EXPOSED: Uyghur Region Exposure Assessment for
Solar Industry Sourcing" report.
Maxeon Solar Technologies' CEO, Bill
Mulligan, said: "Maxeon is a mission-driven Company, and we
are thrilled that our sustainability efforts have been recognized
by the Global Compact Network Singapore. We plan to continue to be
a leader in sustainability in the solar industry, both in
Singapore and globally."
Global Compact Network Singapore's Executive Director
Esther Chang said: "Maxeon has been
an enthusiastic and dedicated member of the Global Compact family
since 2020. As one of our award recipients, they serve as a prime
example of businesses thinking boldly and innovatively to help us
make significant strides toward the SDGs. They are achieving this
by collaborating with ecosystem partners to come up with new
solutions and to amplify their impact. We look forward to
continuing our work together to advance the sustainability agenda
in Singapore and beyond."
The APEX Award is one of several recognitions of corporate
sustainability excellence that Maxeon has achieved this year,
including being named one of the top 1% of all companies globally
in Corporate Knights' annual ranking of the world's most
sustainable corporations. The company was also named the most
sustainable solar company in Malaysia at the country's ESG Summit held in
Kuala Lumpur on 22 August 2023.
Maxeon's Chief Legal and Sustainability Officer Lindsey Wiedmann said: "Joining the Global
Compact at the very beginning of Maxeon's incorporation as a
standalone company was a foundational decision. We have aligned our
values with the Global Compact's values since day one and have
built upon this a very meaningful sustainability program. We are
pleased to have been recognized with this award, and look forward
to continuing to lead the corporate sustainability agenda globally
in the years ahead."
To know more about Maxeon's sustainability efforts and
credentials, click here.
About Maxeon Solar Technologies
Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) is Powering
Positive Change™. Headquartered in Singapore, Maxeon designs and manufactures
Maxeon® and SunPower® brand solar panels, and has sales operations
in more than 100 countries, operating under the SunPower brand in
certain countries outside the United
States. Maxeon is a leader in solar innovation with access
to over 1,000 patents and two best-in-class solar panel product
lines. Maxeon products span the global rooftop and solar power
plant markets through a network of more than 1,700 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 Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934,
including, but not limited to, statements regarding our
expectations and plans for short- and long-term strategy, our
technology outlook and future performance; the effectiveness of our
environmental and sustainability efforts and our ability to achieve
the expected benefits; the incorporation of governance-led,
sustainable or environmentally beneficial features in our
management, during development of new projects or processes, or the
implementation of improvements to existing projects and processes;
demand and growth projections; our relationships with our
stakeholders, and our ability to develop and maintain them; and our
goals, commitments, expectations, prospects as well as external ESG
commitments, initiatives, and future plans. Among other things, the
quotations from management in this press release contain
forward-looking statements. 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, 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.
©2023 Maxeon Solar Technologies, Ltd. All Rights
Reserved. MAXEON is a registered trademark of Maxeon Solar
Technologies, Ltd. Visit https://corp.maxeon.com/trademarks
for more information.
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SOURCE Maxeon Solar Technologies, Ltd.