Waaree Energies Limited Sustainability Profile
Waaree Energies Limited, a leading player in the renewable energy sector, is headquartered in India and operates extensively across various regions. Founded in 1989, the company has established itself as a prominent manufacturer of solar photovoltaic (PV) modules and a provider of comprehensive solar energy solutions. Waaree's core offerings include high-efficiency solar panels, solar inverters, and energy storage systems, distinguished by their innovative technology and commitment to quality. With a strong market presence, Waaree Energies has achieved significant milestones, including the installation of over 1 GW of solar projects globally. The company is recognised for its contributions to sustainable energy, positioning itself as a trusted partner in the transition towards a greener future.
DitchCarbon Score
How does Waaree Energies Limited'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 Communication Equipment 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
Waaree Energies Limited's score of 19 is lower than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Waaree Energies Limited's reported carbon emissions
Waaree Energies Limited, headquartered in India, has not publicly disclosed specific carbon emissions data for the most recent year. However, the company is committed to achieving net-zero emissions across all scopes by 2050, as indicated by their Science Based Targets initiative (SBTi) commitments. The SBTi targets, which are cascaded from Waaree Energies Limited, reflect a commitment to align greenhouse gas emissions reductions with climate science. The company has set a near-term target status of "Committed," indicating their intention to implement strategies that will contribute to significant emissions reductions in the coming years. While specific emissions figures are not available, Waaree Energies Limited's commitment to net-zero emissions demonstrates their proactive approach to addressing climate change within the semiconductor and semiconductor equipment sector. The company is focused on reducing emissions from their operations, particularly in Scope 1 and Scope 2 categories, which encompass direct emissions and indirect emissions from purchased energy, respectively. Overall, Waaree Energies Limited is positioning itself as a responsible corporate entity in the fight against climate change, with a clear roadmap towards sustainability and reduced carbon footprint.
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Waaree Energies Limited'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.
Waaree Energies Limited has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
