Thornova Solar is proud to announce the release of its 2024 ESG Report, earning a Silver Rating from Ecovadis. This milestone highlights Thornova Solar’s ongoing commitment to responsible growth, environmental impact reduction, and strong corporate governance — reinforcing its position as a reliable and sustainable partner in the global solar industry.
Wuxi, China – May 15, 2025 – Thornova Solar proudly announces the release of its 2024 ESG Report, reflecting continued progress in environmental performance, social responsibility, and corporate governance. The company achieved a Silver Sustainability Rating from Ecovadis, scoring 70 out of 100—a distinction that places Thornova Solar among the top 15% of companies evaluated globally.
“At Thornova Solar, ESG principles are not just an obligation—they are the foundation of our sustainable growth strategy,” said Andrea Bodenhagen, Global Branding Director at Thornova Solar. “We’re committed to continuously improving the way we operate, and this year’s results speak to that dedication.”
Environmental Achievements
Thornova Solar significantly advanced its environmental goals in 2024:
· 21% reduction in total Scope 1 and 2 greenhouse gas emissions, and a 52% reduction per megawatt (MW) produced, thanks to upgrades in intelligent energy management and equipment optimization.
· 21% reduction in total waste emissions, through expanded reuse of materials and implementation of reusable pallets.
· Further 4% decrease in electricity use per MW produced, building on a 52% reduction from 2022–2023.
Social Progress
The company continued to foster inclusivity and responsibility throughout its operations:
· Increased the female-to-male employee ratio to 47%, supported by internal advocacy for gender equality.
· Launched a supplier training program focused on social responsibility, ethics, and compliance, promoting supply chain transparency and fair business practices.
· At its new facility in Indonesia, Thornova Solar ensured full social security coverage for all employees and third-party labor, reinforcing its commitment to workers’ rights.
Governance Enhancements
Thornova Solar reinforced governance and compliance frameworks with several key initiatives:
· Conducted internal audits across quality, environmental, and occupational health & safety systems, in line with ISO9001, ISO14001, ISO45001, and IEC62941 standards.
· Held a cybersecurity emergency drill in March 2024 to test the company’s response readiness and strengthen data protection measures.
· Increased R&D investment to nearly 4% of annual revenue, underscoring Thornova’s commitment to innovation and long-term resilience.
The 2024 ESG Report was prepared with the support of TÜV SÜD Certification and Testing (China) Co. Ltd. Shanghai Branch, ensuring the highest standards in reporting integrity and technical accuracy.
Download the full report to learn more about how Thornova Solar is advancing ESG excellence across its global operations: ESG 2024 Report
About Thornova Solar
Thornova Solar is a Tier 1 company focused on energy solutions and the design and manufacture of renewable energy components such as photovoltaic modules, solar cells and inverters. We specialise in N-type technology, Class A solar panels with a 15-year product and 30-year performance warranty for the distributed rooftop and ground-mounted markets. In addition to being a BNEF-listed Tier 1 player, our bankability has been confirmed by PV Tech, which lists us as B. With our state-of-the-art automated manufacturing facilities, we deliver the reliability and performance you and your customers expect. Our local warehousing and global logistics support ensure that your projects are always installed on time.
For further information, please contact
Andrea Bodenhagen
Global Branding Director
Thornova Solar
Mob.: +49-1590-1621062
Andrea.bodenhagen@thornovasolar.com
www.ThornovaSolar.com
