Maxeon Solar Boosts ESG Management with ESGpedia Platform
Maxeon Solar Technologies has started utilising ESGpedia, a platform aggregating trusted ESG data, to monitor its suppliers' sustainability. This move aims to enhance Maxeon's management of ESG financial products and potentially mobilise ESG capital for sustainable companies.
Maxeon's Director of Global Indirect Sourcing, Valda Tsang, will employ the platform to digitally search for suppliers' company profiles and ESG data points. This is a significant step as a typical company's supply chain accounts for a majority of its greenhouse gas (GHG) emissions, and addressing ESG concerns can lead to cost savings and improved labour conditions.
ESGpedia provides a registry of sustainability certifications and verified ESG data, facilitating better tracking and analysis of suppliers' sustainability commitments and impact measurement. However, it's important to note that the search results do not offer specific information about other companies registered alongside Maxeon for sustainability comparison.
By adopting ESGpedia, Maxeon expects to make better green investment decisions and access sustainable funding, as stated by Lindsey Wiedmann, Chief Legal Officer and ESG Executive Sponsor. Sharon Yuen, Chief Commercial Officer at STACS, the company behind ESGpedia, aims to support corporates in achieving net-zero goals through holistic ESG data and digital tools. This initiative addresses the disconnect between the ESG data needed for effective supplier sustainability monitoring and what is currently available to companies.
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