Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's largest producer of solar panels, was recognized by the World Economic Forum as a New Sustainability Champion in their recent report entitled 'Redefining the Future Growth: The New Sustainability Champions'. Suntech was the only solar company to be named New Sustainability Champion, underscoring its commitment and achievement to continually lead the renewable energy industry in terms of sustainability and innovation.
"Suntech is honored to be recognized as a New Sustainability Champion by the World Economic Forum," said Dr. Zhengrong Shi, Suntech's Founder and CEO. "As we celebrate our 10th anniversary this year, this recognition reaffirms Suntech's vision to be a sustainable, responsible company delivering energy choices for tomorrow. In the next ten years, Suntech will perpetually make strategic investments to accelerate humanity's transition towards a more sustainable and responsible way of living."
The report, prepared with The Boston Consulting Group (BCG), takes into account criteria covering sustainability, innovation, scalability, geography and company size. Additionally, the World Economic Forum and BCG analyzed over 1,000 businesses around the world and identified 16 fast-growth companies, including Suntech, who demonstrated ability in tackling challenges of performance, innovation, sustainability and growth.
"Suntech stands out as a New Sustainability Champion, a company fully committed to business excellence and the improvement of society," said Jerry Yu, Director, Center for Global Growth Companies, World Economic Forum. "Together with World Economic Forum, we are confident that Suntech will continually inspire and lead the next generation of companies around the world to be more sustainable, innovative, and environmentally responsible."