BOVIET SOLAR 2024 SUSTAINABILITY REPORT SHOWS ESG AND DEI PROGRESS
SAN JOSÉ, Calif., June 16, 2025—Boviet Solar Technology Co. Ltd. (the “Company” or “Boviet Solar”), a solar energy technology company specializing in manufacturing monocrystalline PV cells, Gamma Series™ Monofacial, and Vega Series™ Bifacial PV Modules, today announced the publication of its 2024 ESG report. The report highlights the company’s sustainability activities, performance, and results.
The report showcases Boviet Solar’s significant strides towards its 2030 sustainability goals in terms of impact on environmental, social, and governance initiatives—including diversity, equity, and priority inclusion. These encompass reducing environmental impact, investing in local communities, fostering a safe, inclusive, and respectful workplace, driving responsible and ethical business practices, and accelerating a more sustainable value chain in collaboration with customers, partners, and suppliers.
Key ESG Milestones (2019-2024):
- 46% decrease in cell electricity intensity
- 35% decrease in module electricity intensity
- 69% decrease in water intensity
- 100% of photovoltaic component designs passed the Toxicity Characteristic Leaching Procedure (TCLP) tests
- 67% decrease in waste emission intensity
- 127% increase in waste recycling and reuse intensity
- 75 recorded injury rate per million work hours for 2024
- 52% of employees are female
- Workforce includes nationalities from Asia, the Americas, and Europe
- Transparent supply chain protocols with third-party independent audits
- A diverse board with 33% independent directors
Future Goals (by 2030):
- Reduce GHG intensity by 28%
- Decrease solar cell electricity intensity by 28%
- Decrease solar module electricity intensity by 28%
- Reduce water intensity by 25%
- Reduce waste intensity by 22%
Prepared in accordance with the Global Reporting Initiative (GRI) Standards, Boviet Solar’s 2024 sustainability report is available for review at globalreporting.org and can be downloaded at bovietsolar.com/company/sustainability.
Jimmy Xie, General Manager of Boviet Solar, expressed his pride in the company’s progress. “The strides we’ve made toward our long-term commitments are a testament to our employees’ ongoing dedication and contributions, as well as collaboration with our suppliers, partners, community, and customers,” he said. “Sustainability is an ongoing journey, and we will continue to further embrace sustainable, responsible manufacturing practices as we build great products for our customers, deliver stakeholder value, and do our part to help address broader environmental and social call-to-actions for current and future generations.”
Boviet Solar is dedicated to the United Nations Global Sustainable Development Goals and takes pride in announcing its membership in the U.N. Global Compact in 2025. This initiative aligns with Boviet’s commitment to operating responsibly, focusing on advancing ESG initiatives to foster healthier futures for all living beings, beginning with the wellness of both people and the planet.
About Boviet Solar
Boviet Solar Technology Co., Ltd. is a leading solar technology company founded in 2013 in Vietnam, specializing in the manufacturing of high-performance monocrystalline PV cells and premium Gamma Series™ monofacial and Vega Series™ bifacial PV modules. Our top-performing modules are engineered for a wide range of applications, including residential, commercial, industrial, community, and utility-scale solar projects.
Boviet Solar combines business acumen, financial strength, technological expertise, and manufacturing excellence to deliver reliable, high-efficiency solar solutions to industry clients worldwide. The company is deeply committed to sustainability, supply chain traceability, and compliance with international trade standards, while fostering long-term, trust-based partnerships across the global energy sector. Boviet Solar has earned industry-wide recognition for quality and reliability. The company has maintained a Tier 1 PV Module Manufacturer ranking by Bloomberg New Energy Finance (BNEF) since 2017, has been recognized as one of the Top 10 Most Bankable Global PV Module Manufacturers by Wood Mackenzie, and is ranked among the Top 10 Most Financially Reliable PV Module Manufacturers by Sinovoltaics. Boviet Solar’s modules have also been consistently rated as Top Performers in Kiwa PVEL’s PV Module Reliability Scorecard since 2019.
Headquartered in Vietnam, Boviet Solar operates manufacturing facilities in both Vietnam and the United States, with an annual production capacity of 3.0 GW for PV cells and modules. The company also maintains regional operations in the United States, Germany, and other key international markets. To learn more, visit www.bovietsolar.com.
MEDIA INQUIRIES:
Songül Atacan
Head of Global Brand and Marketing
Boviet Solar
songul.atacan@bovietsolar.com