Maxeon Solar Technologies Earns Prestigious LEED Gold Certification
Solar cell production plant in the Philippines becomes company's fifth global facility with recognized green building standards
SINGAPORE, Jan. 19, 2021 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar innovation, announced today that its Maxeon solar cell fabrication facility in Laguna, Philippines, has been awarded Leadership in Energy and Environmental Design for Building Design and Construction (LEED BD+C) Gold certification for its environmental performance and sustainable operations, making it the fifth building to meet sustainable LEED standards for the company.
LEED is a green building certification program developed by the non-profit U.S. Green Building Council (USGBC) and used worldwide. It is a transparent process that includes a set of rating systems for the design, construction, operation, and maintenance of green constructions aiming to help building owners and operators be environmentally responsible and use resources efficiently. In particular, LEED for Building Design and Construction (LEED BD+C) provides a framework for planning and building a holistic green edifice, giving the opportunity to implement every sustainability feature and maximizing the benefits.
"We are honored to receive this designation which is an international symbol of excellence and recognizes our efforts towards sustainability, a green environment and the preservation of human health," said Lindsey Wiedmann, Chief Legal Officer and Global Environment, Social, Governance (ESG) Executive Leader at Maxeon Solar Technologies. "We hold ourselves and our products to a higher standard, and believe in delivering solar technologies as clean as the energy they produce. We have five LEED-certified buildings, including three LEED Gold manufacturing sites and two LEED Platinum administrative buildings. We're proud to tell our customers that every Maxeon IBC solar cell we make will now come from a LEED Gold-certified facility."
The Philippines manufacturing site received LEED BD+C Gold certification for implementing, during the planning and construction phase of the new edifice, a number of measurable strategies and solutions that aimed at achieving high performance in the certification's six categories: sustainable sites, water efficiency, indoor environmental quality, materials and resources, energy and atmosphere, innovation and design.
Some of the features that helped the plant earn its attestation include:
"In all new developments, Maxeon will continue to hold itself to a high standard to protect the environment and be a leader in sustainability," added Jeff Waters, CEO at Maxeon Solar Technologies. "Each employee embraces it as their goal to preserve and regenerate our environment, and to contribute to Maxeon's global environmental stewardship."
To learn more about Maxeon Solar Technologies' accountability in Environmental, Social and Governance (ESG) practices, please visit https://www.maxeon.com/esg.
About Maxeon Solar Technologies
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding: (a) the effectiveness of our environmental and sustainability efforts and our ability to achieve the expected benefits; and (b) the incorporation of sustainable or environmentally beneficial features during development of new projects or processes, or the implementation of improvements to existing projects and processes. These forward-looking statements are based on our current assumptions, expectations and beliefs and involve uncertainties that may cause results, performance or achievement to materially differ from those expressed or implied by these forward-looking statements. A detailed discussion of these factors and other risks that affect our business is included in filings we make with the SEC from time to time, including our Form 20-F, which was declared effective by the SEC on August 4, 2020, particularly under the heading "Item 3.D. Risk Factors." Copies of these filings are available online from the SEC or on the Financials & Filings section of our Investor Relations website at www.maxeon.com/financials-filings/sec-filings. All forward-looking statements in this press release are based on information currently available to us, and we assume no obligation to update these forward-looking statements in light of new information or future events.
© 2020 Maxeon Solar Technologies, Ltd. All Rights Reserved. MAXEON is a registered trademark of Maxeon Solar Technologies, Ltd. Visit www.maxeon.com/trademarks for more information.
SOURCE Maxeon Solar Technologies, Ltd.
Company Codes: NASDAQ-NMS:MAXN
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