JinkoSolar Joins the United Nations Global Compact
Rhea-AI Summary
JinkoSolar (NYSE: JKS) announced its participation in the United Nations Global Compact, a leading corporate sustainability initiative. The company aims to align its operations with ten principles related to human rights, labor, environment, and anti-corruption. Chairman Xiande Li emphasized their commitment to equality and transparency, ensuring a respectful workplace and employee rights across their global operations. Additionally, JinkoSolar is the first solar company to join RE 100, committing to operate on 100% renewable energy. The firm will disclose its progress on these principles, reinforcing its accountability.
Positive
- Joined the UN Global Compact, enhancing corporate sustainability reputation.
- First solar company to commit to 100% renewable energy through RE 100.
- Focus on equality, transparency, and employee rights across global operations.
Negative
- None.
News Market Reaction – JKS
In the trading session that priced this news, JKS gained 1.08%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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SHANGHAI, April 14, 2021 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (the "Company," or "JinkoSolar") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced it has joined the United Nations (U.N.) Global Compact, the world's largest corporate sustainability initiative. Under the U.N. Global Compact, signatories are encouraged to align their operations and strategies with key principles.
"We are proud to be a signatory company of UNGC. At JinkoSolar, we have a culture of equality, transparency, accountability," said Mr. Xiande Li, JinkoSolar's Chairman of the Board of Directors and Chief Executive Officer, "We seek to align our business operations with ten universally accepted principles in the areas of human rights, labor, environment, and anti-corruption."
JinkoSolar treats all employees and partners across its business and operations with dignity and respect, protects employee rights, and respects one's willingness and interest. Across its global manufacturing sites, JinkoSolar is committed to ensuring that every workplace provides a safe and respectful environment for every employee. This is done through labor unions, HR trainings focused on labor and employee rights, regular and independent audits, and an open communication platform for each employee.
In an effort to protect the environment, JinkoSolar became the first solar company to join the RE 100 committing a 100 percent run on renewables. The company has put innovation and expertise into the task of conserving water, electricity, raw materials, and recycling. JinkoSolar has shared its road map to inspire its partners and industry peers to join in its environmental journey.
As a publicly listed company in the NYSE, JinkoSolar is legally required to make and keep accurate records which truthfully and accurately reflect all corporate transactions and maintain an adequate system of internal accounting controls. Any form of corruption is not tolerated.
As a participant in the UNGC, JinkoSolar is committed to disclosing its progress on the implementation of the ten key principles. The company is dedicated to improving its performance, ensuring it lives up to the expectations set by the Compact and the United Nations.
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SOURCE JinkoSolar