First Solar Issues 2022 Sustainability Report Showcasing Continued Progress on Environmental, Social, and Governance Metrics
26 Julho 2022 - 9:00AM
First Solar, Inc. (Nasdaq: FSLR) today announced that it has issued
its 2022 Sustainability Report highlighting its continued,
industry-leading environmental, social, and governance (ESG)
progress. The only US-headquartered company among the world’s ten
largest solar manufacturers, First Solar’s responsibly produced
photovoltaic (PV) solar modules have the lowest carbon and water
footprint and fastest energy payback time of any commercially
available PV technology today.
“By placing Responsible Solar at the heart of
our business and investing in innovation and scale, First Solar is
an example of how solar can be competitive without compromising on
principles and purpose,” said Mark Widmar, chief executive officer,
First Solar. “We have consistently demonstrated that the
solar-at-any-cost approach, which turns a blind eye to human and
environmental costs of PV manufacturing, does not have to be the
norm and that Responsible Solar is now a competitive
differentiator.”
Highlights in First Solar’s 2022 Sustainability
Report include:
- A 13% year-on-year reduction in
greenhouse gas emissions intensity. The company remains on track to
achieve its science-based target of reducing its absolute scope 1
and scope 2 greenhouse gas emissions, from a 2008 baseline, by 34%
by 2028 and net-zero emissions by 2050 in line with limiting global
temperatures to 1.5 degrees Celsius.
- An 8% year-on-year reduction in
manufacturing energy intensity and a cumulative reduction in
manufacturing energy intensity per watt by 65% since 2009. First
Solar’s manufacturing energy intensity includes all processes, from
the beginning of its manufacturing process to finished module. The
company set a target to improve global energy efficiency per watt
produced by 74% by 2028, from a 2009 baseline.
- A 32% year-on-year reduction in
manufacturing water intensity and a 78% reduction since 2009. Water
recycling initiatives saved more than 268 million liters of water
in 2021. After surpassing a previous water intensity target seven
years early, First Solar set a new target of an 87% reduction in
water intensity per watt compared to its 2009 baseline.
- An 8% year-on-year reduction in
manufacturing waste intensity and a 55% reduction since 2012.
- A 4% increase in women in
management positions compared to 2020. First Solar’s Board of
Directors is 33% diverse and the company was recognized as a “3+
company” by 50/50 Women on Boards for having at least three women
serve on its Board.
Earlier this year, First Solar announced that
its 2.7 gigawatt (GW)DC vertically integrated manufacturing complex
in Ohio has achieved Platinum status in the Responsible Business
Alliance’s (RBA) Validated Audit Process (VAP), providing further
validation to customers that they are working with a responsible
partner. Platinum is the highest possible rating awarded on
completion of a full VAP, which is considered the leading standard
for onsite compliance verification and effective, shareable social
and environmental audits across industries.
First Solar’s Northwest Ohio footprint is the
Western Hemisphere’s largest solar manufacturing complex. The
company is investing $680 million in building a third factory that
will expand the complex by an annual capacity of 3.3 GW. The new
facility is expected to be commissioned in the first half of 2023
and when fully operational will scale the company’s Ohio footprint
to a total annual capacity of 6 GW, which is believed to make it
the largest fully vertically integrated solar manufacturing complex
outside of China.
In addition to its Ohio manufacturing
facilities, First Solar also operates factories in Vietnam and
Malaysia, and is building a new 3.3 GW factory in India that is
expected to be commissioned in the second half of 2023. With First
Solar’s expansion in the United States and India and optimization
of its existing fleet, the company anticipates that its nameplate
manufacturing capacity will double to 16 GW in 2024.
To download a copy of First Solar’s 2021 report,
please visit www.firstsolar.com/responsiblesolar.
About First Solar, Inc.First
Solar is a leading American solar technology company and global
provider of responsibly produced eco-efficient solar modules
advancing the fight against climate change. Developed at R&D
labs in California and Ohio, the company’s advanced thin film
photovoltaic (PV) modules represent the next generation of solar
technologies, providing a competitive, high-performance,
lower-carbon alternative to conventional crystalline silicon PV
panels. From raw material sourcing and manufacturing through
end-of-life module recycling, First Solar’s approach to technology
embodies sustainability and a responsibility towards people and the
planet. For more information, please visit www.firstsolar.com.
For First Solar InvestorsThis
release contains forward-looking statements which are made pursuant
to safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements include, but
are not limited to, statements concerning (1) emissions, energy
intensity, energy efficiency, water intensity, manufacturing waste
intensity, and other environmental targets as well as other
ESG-related metrics; (2) First Solar’s plans to establish new
factories in the United States and India and the expected
capacities of those factories; and (3) when those factories are
expected to be commissioned and First Solar’s resulting Northwest
Ohio and global manufacturing capacity. These forward-looking
statements are often characterized by the use of words such as
“estimate,” “expect,” “anticipate,” “project,” “plan,” “intend,”
“seek,” “believe,” “forecast,” “foresee,” “likely,” “may,”
“should,” “goal,” “target,” “might,” “will,” “could,” “predict,”
“continue” and the negative or plural of these words and other
comparable terminology. The standards of measurement and
performance referenced in this press release are developing and
based on assumptions, and no assurance can be given that any
metric, target, plan, initiative, projection, goal, commitment,
expectation, or prospect set forth in this press release can or
will be achieved. Forward-looking statements are only predictions
based on our current expectations and our projections about future
events and therefore speak only as of the date of this release. You
should not place undue reliance on these forward-looking
statements. We undertake no obligation to update any of these
forward-looking statements for any reason, whether as a result of
new information, future developments or otherwise. These
forward-looking statements involve known and unknown risks,
uncertainties, and other factors that may cause our actual results,
levels of activity, performance, or achievements to differ
materially from those expressed or implied by these statements.
These factors include, but are not limited to, the matters
discussed under the captions “Risk Factors” and “Management’s
Discussion and Analysis of Financial Condition and Results of
Operations” of our most recent Annual Report on Form 10-K and our
subsequently filed Quarterly Reports on Form 10-Q, as supplemented
by our other filings with the Securities and Exchange Commission.
ContactsFirst
Solar Mediamedia@firstsolar.com |
First Solar Investor
Relationsinvestor@firstsolar.com |
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