CHANGZHOU, China, May 3, 2016 /PRNewswire/ -- Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a global leader in photovoltaic ("PV") modules, solutions, and services today announced that the Company has been granted a Silver Recognition Level in the Corporate Social Responsibility (CSR) performance survey conducted by EcoVadis. Recording a solid year-on-year improvement in its overall score, Trina Solar is now ranked in the top 13% of all businesses assessed by EcoVadis globally.
As an independent rating agency, EcoVadis operates the first collaborative platform providing supplier sustainability ratings for global supply chains. Using its unique CSR assessment methodology that covers 150 purchasing categories, 110 countries, and 21 CSR indicators, EcoVadis evaluates and analyses companies' performance over four major categories, i.e. Environment, Labour Practices & Human Rights, Fair Business Practices, and Sustainable Procurement.
Commenting on the results, Mr. Jifan Gao, Chairman and CEO of Trina Solar, said: "We are proud to have been recognized for our commitment to sustainability. We have taken significant steps over the past year to improve our CSR performance, and this has been reflected in the improvement of our CSR results. Our position within the top 13% of all companies worldwide assessed by EcoVadis demonstrates our prominent global position when it comes to embracing CSR requirements."
In addition to this latest CSR assessment, Trina Solar continues to hold a top position in the Silicon Valley Toxics Coalition's (SVTC) Solar Scorecard, along with the Company recently being named as the world's most bankable PV manufacturer by Bloomberg New Energy Finance (BNEF).
Mr. Gao concluded:"As a leader in the development and production of renewable energy sources, we believe that our passion for quality and sustainability should be reflected in the way we approach relationships with our employees, the environment and the communities we serve. These are our strongest ever EcoVadis CSR results, and complement our achievements in the SVTC Solar Scorecard and the BNEF report. We will be taking necessary steps to ensure this upward trend continues in the future."
David McClintock, Marketing Director at EcoVadis, added: "We are pleased to see Trina Solar has made a notable score increase since their previous assessment just one year ago, and have done this through improvements in two themes: Environment and Labor practices. This is a good sign of commitment to ongoing improvement of their CSR practices which we hope to see continue across all themes in the coming years."
About Trina Solar Limited
Trina Solar Limited (NYSE: TSL) is a global leader in photovoltaic modules, solutions and services. Founded in 1997 as a PV system integrator, Trina Solar today drives smart energy together with installers, distributors, utilities and developers worldwide. The company's industry-leading position is based on innovation excellence, superior product quality, vertically integrated capabilities and environmental stewardship. For more information, please visit www.trinasolar.com.
EcoVadis operates the first collaborative network for managing sustainability performance of suppliers across 150 sectors and 110 countries. EcoVadis ratings and easy to use monitoring tools allow companies to manage risks and drive eco-innovations in their global supply chains.
More than 130 Global Multinational companies have selected the EcoVadis solution, including Fortune 500 such as Axa, Alcatel-Lucent, Bayer, BASF, Coca Cola Enterprises, Deutsche Telekom, Heineken, Orange, Johnson & Johnson, Lafarge, Renault-Nissan, Schneider Electric, and Vodafone.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's ability to raise additional capital to finance its activities; the effectiveness, profitability and marketability of its products; the future trading of the securities of the Company; the Company's ability to operate as a public company; the period of time for which the Company's current liquidity will enable the Company to fund its operations; general economic and business conditions; demand in various markets for solar products; the volatility of the Company's operating results and financial condition; the Company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.
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SOURCE Trina Solar Limited
Trina Solar Awarded a Silver Rating in EcoVadis CSR Survey