Fair Money & Economic Opportunity

JinkoSolar Holding Co., Ltd. operates as a global leader in the solar industry, manufacturing and selling solar products and providing solar system integration services.

The company's core business does not involve offering lending, deposit, or other financial services to consumers. Consequently, all Key Performance Indicators (KPIs) under the 'Fair Money & Economic Opportunity' value, which are designed for financial institutions and activities related to lending, insuring, moving, or storing money, are not applicable to JinkoSolar's operations.

Fair Pay & Worker Respect

JinkoSolar reported in 2024 that the minimum monthly take-home pay of its employees is sufficient to meet basic living needs.

In the same year, 100% of employees were covered by collective bargaining agreements, with labor unions having signed collective agreements. The company's injury rate per million working hours was 0.56 in 2024, and no general or major work safety accidents occurred. The median hourly wage of female employees was 0.8 times that of male employees in 2024. Employee engagement surveys in December 2024 indicated that 82.79% of employees were highly satisfied. The company reported zero incidents of child labor, forced labor, insult or harassment, or security violence in 2024, and stated it neither caused nor directly or indirectly contributed to any major human rights violations. Additionally, the social security coverage rate for employees was 100% in 2024, which includes health examinations and supplementary commercial medical insurance.

Fair Trade & Ethical Sourcing

JinkoSolar directs 86.64% of its procurement spend to localized suppliers around its manufacturing hubs.

All suppliers (100%) have accepted and signed cooperation agreements containing ESG clauses, and the company maintains a 100% annual signing rate of its Supply Chain Partner Code of Conduct. The company reported zero incidents of forced labor and child labor in 2024, and no such cases were found in 2022 audits. Qualified suppliers undergo monthly, semi-annual, and annual assessments.

Honest & Fair Business

JinkoSolar reported no incidents of criticism or penalties from regulatory authorities for information disclosure violations in 2023 and 2024.

No business ethics-related violations, such as corruption, bribery, or fraud, were found in its interactions with external stakeholders in 2024. The company also received the highest rating of "A" for information disclosure from the Shanghai Stock Exchange for two consecutive years. JinkoSolar has a comprehensive Anti-corruption & Anti-bribery Code in place, maintaining a zero-tolerance stance towards corruption and bribery. This policy applies to all subsidiaries and affiliates. All employees and managers are required to sign integrity commitments. The company mandates key suppliers to formulate anti-bribery and anti-corruption policies and cooperate with audits. Anti-corruption training covered 100% of employees in 2019, 2023, and 2024. In 2019, one corruption violation was reported and punished. The company actively builds a risk factor database and classifies identified risks.

No War, No Weapons

The company's core business is solar energy, resulting in many 'No War, No Weapons' KPIs being not applicable. For conflict minerals (3TG), the company claims zero use and zero revenue for the past four years

, with 100% of 3TG suppliers providing conflict-free declarations and all upstream smelters passing RMAP certification . Annual conflict minerals due diligence is conducted , and the company states no 3TG materials are sourced from conflict-affected and high-risk areas . A policy commits to suspending or discontinuing engagement with upstream suppliers sourcing from conflict-affected areas within six months if risks are identified and mitigation fails . However, the company has well-documented ties to forced labor in Xinjiang , operating a major facility there and being a top customer of a supplier whose entire polysilicon output is linked to forced labor . This directly contradicts claims of zero procurement from high-risk areas, indicates a failure in human rights due diligence, and represents a systematic violation of ethical red lines and humanitarian procurement standards, significantly undermining alignment with UN Guiding Principles on Business and Human Rights.

Planet-Friendly Business

JinkoSolar's total Scope 1, 2, and 3 greenhouse gas emissions were 33.31 million tCO₂e in 2024.

The company has SBTi-validated science-based targets, approved in December 2023, committing to a 1.5°C pathway. These include reducing absolute Scope 1 and 2 GHG emissions by 50.4% by 2032 (from a 2022 base year) and reducing Scope 3 GHG emissions from purchased goods and services by 58.2% per MW of solar-related product by 2032. A net-zero GHG emissions target across the value chain by 2050 has also been approved by SBTi. In Q3 2024, 53.3% of the company's electricity consumption was from renewable sources , with three factories achieving 100% renewable energy use and RE100 certification. The company aims for 100% renewable electricity usage by 2030. The waste diversion rate in 2024 was 58.84%, diverting 168,394.93 tons of waste. JinkoSolar operates multiple zero-waste plants. Approximately 45% of the iron and 20% of the aluminum used were recycled. Packaging foam boxes for silicon wafers were reduced in weight by 23.53% (from 340g to 260g). In 2024, 95.1% of N-type products (by shipment volume) had full Life Cycle Assessment (LCA) certification. The company reported zero environmental violations in 2024 , but faced accusations of toxic waste dumping in 2011, leading to a court ruling about misleading disclosures. JinkoSolar aligns with TCFD recommendations and IFRS Sustainability Disclosure Standard S2, conducting climate scenario analysis using authoritative sources. All new, renovated, and expanded projects completed environmental impact assessments and obtained approvals in 2024. The company has a "Zero Deforestation, Zero Logging" commitment and PV desertification control projects, aiming for Biodiversity Net Gain by 2050.

Respect for Cultures & Communities

JinkoSolar faced a legal ruling in Mexico against its Yucatán Solar Park project for violating indigenous peoples' right to prior consultation, indicating 0% participation in Free, Prior, and Informed Consent (FPIC) processes for affected communities

. A judge ruled in favor of the plaintiffs due to the lack of consultation and insufficient information provided to communities . While an Environmental Impact Assessment (EIA) was conducted, identifying 83 adverse impacts including deforestation of 206 hectares and threats to 123 vertebrate species , the implementation of cultural impact assessment protocols was inconsistent due to the lack of prior consultation. The project also threatened habitats of 26 species with conservation status and 20 under special protection , with JinkoSolar proposing a wildlife rescue program and 45 hectares for conservation areas , though the project remains contested. In response to the incident, JinkoSolar is attempting to keep the project alive as a private venture despite the court ruling and community opposition . Separately, JinkoSolar has one formal partnership with Indigenized Energy, a Native-led organization , involving a donation of 800kW of solar power (2,000 modules) to Tribal Nations .

Zero Waste & Sustainable Products

No relevant data was found in the provided articles to assess JinkoSolar (JKS.US) against the 'Zero Waste & Sustainable Products' ethical value. The articles either focused on other companies (LONGi)

, were about general solar panel specifications , , or resulted in 404 errors , , providing no specific, concrete information for any of the defined KPIs.