JinkoSolar Holding Co., Ltd. (NYSE: JKS), a leading global solar module manufacturer, proudly announces the approval of the near and long-term science-based emissions reduction targets of its principal subsidiary, Jinko Solar Co., Ltd., by the Science Based Targets Initiative (SBTi). This landmark accomplishment positions JinkoSolar as the world’s first photovoltaic (PV) company with validated Net-zero targets. Notably, it also marks the second company in mainland China and the third in the global semiconductor industry to attain this status.
Global Recognition through SBTi
The Science Based Targets Initiative (SBTi) is a global entity that facilitates businesses in establishing ambitious emissions reduction targets aligned with current climate science. Focused on expediting global efforts to halve emissions before 2030 and achieve net-zero emissions by 2050, SBTi plays a pivotal role in setting new standards for corporate competitiveness and responsibility in sustainable development and Environmental, Social, and Governance (ESG) practices. Over 7,000 companies worldwide, including industry leaders like Tesla, Apple, BASF, Lenovo, and Tencent, have committed to the SBTi.
JinkoSolar’s Commitment to Climate Action
In late 2019, JinkoSolar joined the RE100 green initiative, demonstrating an early commitment to renewable energy. At the end of 2021, Jinko Solar Co., Ltd. officially pledged to set net-zero targets in alignment with climate science through SBTi. In the first half of 2023, the company released its 2022 Environmental, Social, and Governance (ESG) report, unveiling its climate roadmap for the first time.
Industry Leadership and Global Impact
JinkoSolar, known for its innovative PV technology and reliable products, has played a significant role in providing clean, secure, affordable, and renewable electricity worldwide. Notably, in the fourth quarter of 2023, the company achieved a remarkable milestone, becoming the first PV company to deliver over 200 GW of solar modules. IHS Markit estimates that one in every eight modules globally originates from JinkoSolar, contributing to 1 kilogram of carbon reduction for every 8 kilograms of PV products.
Forward-Thinking Action for Climate Change
By collaborating with SBTi and establishing net-zero targets, JinkoSolar is not only declaring its commitment to addressing climate change but also providing a comprehensive action plan for emissions reduction throughout its entire value chain. The company remains dedicated to playing a pivotal role in the global energy transformation, contributing to the development of a greener and more sustainable future.
Note: The SBTi is scheduled to publish Jinko Solar Co., Ltd.’s approved net-zero target on their website on January 25, 2024.
Source: prnewswire.com
