JinkoSolar, the global leading PV and ESS supplier, recently announced that it has been selected as a demonstrative case by the World Economic Forum initiative for its leading practices in the renewable energy value chain. This selection underscores JinkoSolar's active participation in international sustainable development efforts and its consistent commitment to integrating green, low-carbon practices into every step of its corporate development.
The World Economic Forum serves as a collaborative and communicative platform dedicated to proposing inspiring suggestions for sustainable world economic development. It gathers key leaders from political, business, and other societal sectors to establish global, regional, and industry agendas, exerting a guiding influence on global trends. In the realm of renewable energy, the Forum has indicated that creating a responsible renewable energy value chain is a key factor in enhancing the long-term competitiveness of renewable energy enterprises and making significant contributions to global climate action and achieving net-zero emissions. JinkoSolar, with its successful practices in the renewable energy sector worldwide, has provided an excellent case for global decarbonization efforts and has led the development of global energy-saving and emission-reduction initiatives.
Chenchen Yao, director of global ESG in JinkoSolar, stated, "As a new energy company, if we operate in a sustainable way, producing solar with solar and making green with green, business development and sustainability can combine to create a tremendous power for good in business.”
From its inception, JinkoSolar has imprinted sustainable development as a core value of its corporate growth, committing to reducing carbon emissions through technological innovation and environmental practices to achieve harmonious coexistence between economic development and society and the environment.
The year 2021 marked a milestone in JinkoSolar's sustainable development journey. It officially joined the Science Based Targets initiative (SBTi) and submitted a commitment letter for science-based carbon targets. In its 2022 ESG report, the company proposed its own science-based carbon targets for the first time. By the end of 2023, JinkoSolar successfully passed the SBTi target review, becoming the world's first photovoltaic group company to complete the review of all (short-term, long-term, net-zero) SBTi targets. It is also the second company in mainland China and the third in the global semiconductor industry to complete the review of all SBTi targets.
Earlier this year, JinkoSolar's first zero-carbon factory's internal industry chain, involving four subsidiaries, all passed the "Zero Carbon Factory" certification by TÜV Rheinland, establishing a "Zero Carbon Factory" path from Sichuan crystal growing (Ⅰ I Four-Star) → Leshan slicing (Ⅰ I Four-Star) → Chuxiong cells (Ⅰ I Four-Star) → Shangrao modules (Ⅰ I Five-Star). Concurrently, the company officially released the Neo Green module product, powered by its internally certified "Zero Carbon Factory," marking a significant step towards sustainable development, innovation, and social responsibility.
In addition to the aforementioned achievements, JinkoSolar's selection as a leading practice case by the World Economic Forum is also attributed to its outstanding initiatives in creating a responsible renewable energy value chain. JinkoSolar has set carbon reduction requirements for its supply chain, integrating greenhouse gas management into processes such as new supplier onboarding, qualified supplier management, and supplier risk assessment. The company is committed to working with upstream and downstream partners for full value chain emission reductions, pledging to reduce the greenhouse gas emission intensity of purchased goods and services related to each unit of photovoltaic products by 58.2% by 2032 at the latest, based on 2022, and by 97% by 2050 at the latest.
Regarding the product chain, the company focuses on the entire lifecycle of the product, from "research and development - procurement - production - transportation - usage - recycling," striving to minimize energy consumption and carbon emissions.
By gathering green momentum and achieving quality green upgrades, JinkoSolar continues to build a powerful engine for the high-quality development of the new energy industry through sustainable practices across every link of the entire industry chain. Moving forward, JinkoSolar will remain true to its original aspirations, continuously explore the creation of a green energy world, and promote global sustainable development with superior green energy practices.
Legal Statement
Jinko Solar was listed on the STAR Board of the Shanghai Stock Exchange in 2022, and JinkoSolar Holding Co., Ltd., its indirect controlling shareholder, was listed on the New York Stock Exchange in 2010.
