CHANGZHOU, China, Nov. 12, 2014 /PRNewswire/ -- Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a global leader in photovoltaic ("PV") modules, solutions, and services, today announced it ranked No. 1 for its environmental and social performance in the 2014 Solar Scorecard, an award system established by the Silicon Valley Toxics Coalition ("SVTC"). Trina Solar received a score of 92 out of a maximum of 100, the highest score among all twenty-nine competing solar companies which included SunPower, First Solar, SolarWorld, REC, Panasonic, Sharp and Yingli.
The 2014 Solar Scorecard ranks global photovoltaic module manufacturers on twelve factors including extended producer responsibility (EPR), emissions transparency, chemical reduction plan, workers' rights, health, safety, supply chains, conflict materials, module toxicity, high value recycling, prison labor, biodiversity, water, energy and GHGs. Judging was based on 12 different criteria of which Trina Solar ranked first among all participants for 11 of the criteria and scored full marks for eight.
SVTC's Solar Scorecard, now in its 5th year, aims to ensure the solar PV sector is safe for workers, communities and the environment. It reveals how companies perform on SVTC's sustainability and social justice benchmarks and is a resource for consumers, institutional purchasers, investors, installers, and anyone wishing to purchase PV modules from responsible product stewards. According to SVTC's published statement, over the next two years, SVTC will develop the Scorecard into an environmental leadership standard endorsed by multiple stakeholder groups.
"We are delighted to be the top ranked company once again in this year's SVTC ranking," said Mr. Jifan Gao, Chairman and CEO of Trina Solar. "Solar energy brings clean energy to mankind yet the PV industry still faces critical environmental challenges particularly as demand grows. Ranking number one for the 3rd consecutive year demonstrates our leadership in consistently reducing the use of toxic chemicals, developing responsible recycling systems and protecting workers throughout the manufacturing supply chain, while at the same time fulfilling our commitment to producing premier solar modules. We remain deeply committed to achieving our environmental and social targets and to shaping a truly clean and green solar industry."
The SVTC 2014 Solar Scorecard is available at http://www.solarscorecard.com/2014/2014-scorecard.php.
About Trina Solar Limited
Trina Solar Limited (NYSE: TSL) is a global leader in photovoltaic modules, solutions and services. Founded in 1997 as a PV system integrator, Trina Solar today drives smart energy together with installers, distributors, utilities and developers worldwide. The company's industry-shaping position is based on innovation excellence, superior product quality, vertically integrated capabilities and environmental stewardship. For more information, please visit www.trinasolar.com.
Silicon Valley Toxics Coalition ("SVTC") is a diverse, non-profit organization engaged in research, advocacy and grassroots organizing to promote human health and environmental justice in response to the rapid growth of the high-tech industry. For more information, please visit www.svtc.org.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's ability to raise additional capital to finance its activities; the effectiveness, profitability and marketability of its products; the future trading of the securities of the Company; the Company's ability to operate as a public company; the period of time for which the Company's current liquidity will enable the Company to fund its operations; general economic and business conditions; demand in various markets for solar products; the volatility of the Company's operating results and financial condition; the Company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.
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SOURCE Trina Solar Limited