Waaree Energies Becomes First Indian Solar PV Manufacturer To Achieve EcoVadis Gold Medal, Now Among Top 5% Of Global Companies For ESG Excellence

Mumbai, Mar 7, 2025: Waaree Energies, a solar PV module manufacturer and a clean energy solutions provider, has achieved the prestigious EcoVadis Gold Medal, becoming the only Indian solar PV manufacturer to ever receive this distinction. With a 97th percentile ranking, Waaree Energies now joins the top 5% of companies worldwide assessed for their environmental, social, and ethical business practices.

Beyond industry recognition, the EcoVadis certification brings multifaceted benefits to businesses. It enhances the company’s global reputation, strengthens its eligibility for partnerships with ESG-conscious organizations, and opens new market opportunities. The rigorous evaluation process also aids in risk mitigation by identifying potential environmental, social, and governance vulnerabilities within operations and supply chain. Moreover, the adoption of sustainable practices optimizes resource management, reduces waste, and unlocks long-term cost efficiencies- contributing to both environmental stewardship and financial performance.

Reflecting on the achievement, Dr Amit Paithankar, Whole-time Director & CEO, Waaree Energies Ltd, said, "It’s an important milestone in the journey of sustainable future, being the first Indian solar PV manufacturer to receive this honour reflects our deep-rooted commitment to embedding sustainability at the heart of everything we do- from the products we create to the partnerships we nurture. While placing us among the global ESG elites, this sets a new precedent for India's solar manufacturing ecosystem. This achievement strengthens our position as a trusted global partner and a torchbearer of responsible solar manufacturing for the world."

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Prabhu Narayan Singh, Chief Sustainability Officer, Waaree Energies Limited, added, "At Waaree Energies, sustainability is not an afterthought- it's embedded into every facet of our operations, from product innovation to supply chain practices. As India's only solar PV manufacturer to achieve this distinction, we are not just setting new ESG benchmarks but reshaping how clean energy is produced - responsibly, ethically, and with long-term impact in mind. This milestone fuels our commitment to creating a transparent, resilient, and net-zero-ready ecosystem that empowers a greener future."

Waaree Energies' ESG journey is underpinned by its pledge to decarbonize the solar value chain- from sourcing to manufacturing to installation. Notably, the company recently earned Environmental Product Declaration (EPD) certification for its low-carbon solar modules as well. This accolade serves as a blueprint for the entire industry- proving that Make in India can compete with the best in the world, not just on scale but on sustainability standards.