Among them, Longi is the first Chinese solar photovoltaic firm that has obtained the official validation, the company announced. The SBTi is a partnership between CDP, the United Nations Global Compact (UNGC), World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). The SBTi call to action is one of the We Mean Business Coalition commitments. It drives ambitious climate action in the private sector by enabling organizations to set science-based emissions reduction targets, highlighting companies’ competitiveness and sense of responsibility in terms of sustainable development and ESG.
Subscribe now to our new monthly special newsletter for investors
Longi officially participated in the SBTi and committed to set a near-term target in 2020. In the next year, the company published 2021 Climate Actions of Longi outlining its SBTi targets: by 2030, the GHG (greenhouse gas) emissions within the operational boundary is scheduled to reduce by 60% from that of the 2020 level; the carbon emissions of unit silicon material, cell and glass will be reduced by at least 20% compared with that in 2020. This year, Longi’s near-term target has been approved by the SBTi, aligning with the 1.5℃ target in the Paris Agreement.
Prevention of 536 million tons of CO₂ emissions
In 2020, Longii also successively joined initiatives of RE100, EP100, EV100 and participated in the SBTi, becoming the first Chinese company to join the four global initiatives all together. From 2012 to 2022, the company had produced a total of 290GW of photovoltaic products, generating over 114 billion kWh of clean electricity. When calculated using the International Energy Agency (IEA)’s Emission Factors, Longi had helped prevent 536 million tons of CO₂ emissions, equivalent to 1.46% of 2022’s global energy-related carbon emissions.
Did you miss that new product of Longi? An HPDC bifacial solar module with 22.5 per cent efficiency
“The approval of SBTi signifies the global recognition of our commitment to addressing climate change and helps us continue the work of comprehensive value chain emission reduction by the year 2030. Longi hopes to collaborate with other partners to drive the global transition towards sustainable energy and realize the harmony between humanity and the environment together.” says Talsiman Huo, General Manager of Brand Management DepartmentBrand Management Department, Longi.
Goal of global energy transition
The recent Intergovernmental Panel on Climate Change (IPCC) special report emphasized the urgent need to limit global warming to 1.5°C and achieve net-zero emissions by mid-century. As a global leader in renewable sector, Longi with its high-quality products and sustainable branding influence, has earned recognition and trust from numerous customers around the world.
Also interesting: Sweden: Longi expands installer cooperations
Looking ahead, Longi will continue to focus on sustainable technology innovation, creating competitive products and solutions by R&D investment and finally achieving the goal of global energy transition, the company stated. (hcn)
