SolarEdge Technologies Inc. Sustainability Profile
SolarEdge Technologies Inc., headquartered in the United States, is a leading player in the renewable energy sector, specialising in solar power optimisation and management solutions. Founded in 2006, the company has made significant strides in the industry, particularly with its innovative inverter technology that enhances energy production and efficiency for residential and commercial solar installations. With a strong presence in North America, Europe, and Asia, SolarEdge offers a range of products, including power optimisers, inverters, and monitoring systems. Their unique approach to solar energy maximises output while ensuring system reliability, setting them apart from traditional inverter manufacturers. Recognised for their commitment to sustainability and technological advancement, SolarEdge has established itself as a market leader, consistently achieving notable milestones in solar energy deployment and innovation.
DitchCarbon Score
How does SolarEdge Technologies Inc.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electrical Machinery Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
SolarEdge Technologies Inc.'s score of 31 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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SolarEdge Technologies Inc.'s reported carbon emissions
In 2022, SolarEdge Technologies Inc., headquartered in the US, reported total carbon emissions of approximately 42,000,000 kg CO2e. This figure includes 7,001,000 kg CO2e from Scope 1 emissions, 35,085,000 kg CO2e from Scope 2 emissions (market-based), and 26,262,000 kg CO2e from Scope 3 emissions, specifically from purchased goods and services. Comparatively, in 2021, the company emitted about 22,000,000 kg CO2e, with 1,709,000 kg CO2e from Scope 1, 24,583,000 kg CO2e from Scope 2 (market-based), and 18,133,000 kg CO2e from Scope 3. In 2020, the emissions were approximately 20,000,000 kg CO2e, comprising 1,056,000 kg CO2e from Scope 1, 19,722,000 kg CO2e from Scope 2 (market-based), and 21,334,000 kg CO2e from Scope 3. Despite these figures, SolarEdge has not publicly disclosed specific reduction targets or initiatives as part of their climate commitments. The company is classified as a current subsidiary of SolarEdge Technologies Inc., and emissions data is cascaded from this parent organisation. Overall, SolarEdge Technologies Inc. is actively engaged in monitoring its carbon footprint across all three scopes of emissions, although further details on reduction strategies remain unspecified.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 1,056,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 19,722,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 21,334,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is SolarEdge Technologies Inc.'s Industry?
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SolarEdge Technologies Inc.'s Scope 3 Categories Breakdown
SolarEdge Technologies Inc.'s Scope 3 emissions, which increased by 45% last year and increased by approximately 23% since 2020, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 38% of total emissions under the GHG Protocol, with "Purchased Goods and Services" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
SolarEdge Technologies Inc.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
SolarEdge Technologies Inc. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
