Better Health for All
-30
SolarEdge's core products, solar PV systems, contribute to avoiding 41 million metric tons of GHG emissions annually, which has a substantial positive indirect health impact by mitigating climate change.
1
The company supplies the Israel Prison Service, which detains 9,500 Palestinian prisoners, including 200 children, raising significant concerns about equitable access for vulnerable populations.
2
Employees are expected to report misconduct promptly, and an anonymous hotline is available, but there is no evidence of public disclosure of health risks or benefits of its products.
3
The company's major shareholder, BlackRock, has significant investments in the arms industry ($78.01 billion) and fossil fuels ($260 billion in 2022), creating major negative health externalities.
4
SolarEdge's community outreach donations in 2022 were $354,000, representing 0.38% of its 2022 net profits, with 50% allocated to enhancing diverse populations.
5
The company provides a safe work environment and supports employees' well-being, with over 26,000 hours of safety training in 2024.
6
SolarEdge does not collect or manage health-related data. The EDGEUcate program has taught over 10,000 pupils about solar energy and sustainable practices.
7
The company's products do not have addiction potential.
Fair Money & Economic Opportunity
0
SolarEdge Technologies, Inc. is a solar energy technology company
1
and does not offer lending or deposit services to consumers.
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Therefore, most KPIs related to financial products, such as underserved client share, pricing fairness, exploitative fee exposure, inclusion initiatives, data accessibility, fair lending compliance, wealth building outcome, debt burden ratio, and product simplicity, are not applicable. The company's core business lies outside finance, and there is no evidence of consumer credit products, APRs, or fee structures.
3
While SolarEdge supports various community and educational programs, these are not financial literacy initiatives as defined by the rubric.
4
For profit reinvestment, SolarEdge donated $537,000 in 2023,
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which was 0.57% of its net profits,
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and has a target to reach at least 0.5% of annual net profits by 2026.
7
In 2022, donations were $354,000,
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equivalent to 0.38% of net profits.
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The highest reported donation per profit ratio was 1.57% in 2023 (calculated using 2023 donations and 2023 net profits),
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which falls into the -50 tier for reinvesting roughly 5% of profits.
Fair Pay & Worker Respect
20
In 2023, the CEO to median employee pay ratio was 101:1.
1
The company's recordable injury rate in 2019 was 0.66 per 200,000 hours. For 2023, in Israel (representing approximately 51% of the global workforce), no gender pay gap greater than 7% was found.
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An independent survey in early 2023 ranked the company as the 11th most preferred place of work among large Israeli employers.
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The voluntary employee turnover rate was 11% in 2019.
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The company reported no fines or sanctions for non-compliance in 2019.
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The company prohibits child and forced labor.
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A majority (>50%) of the global workforce enjoys subsidized health insurance plans.
7
Fair Trade & Ethical Sourcing
-40
SolarEdge conducts on-site audits of its four contract manufacturer sites and major raw material suppliers approximately every 2-3 years, with all four contract manufacturer sites audited within the last two to three years (2022-2025) and five major raw material suppliers audited during 2022-2024.
1
The company requires suppliers to trace 3TG materials and Cobalt to the smelter level; however, in its 2024 report, it was unable to ascertain the specific country of origin and/or chain of custody for all necessary conflict minerals.
2
For minor non-conformance issues identified during audits, SolarEdge auditors maintain contact to ensure corrective action plan execution, and suppliers with smelters of concern are given reasonable timeframes to eliminate them from the supply chain.
3
SolarEdge has not reported any substantiated forced or child labor incidents in the last three years and states it does not tolerate such abuses.
4
Over 98% of the combined direct monetary spend in 2024 was with suppliers who have signed SolarEdge's Supplier Code of Conduct (SCoC) or presented equivalent codes.
5
In 2024, 77% of 587 identified smelters/refiners were verified as conflict-free or in the audit process, with 36 (9.3%) classified as non-conformant and 69 (17.9%) requiring outreach.
6
Honest & Fair Business
-30
SolarEdge Technologies, Inc. incurred $120 million in fines in November 2024 related to fraud allegations and solar inverter safety risks, in addition to a $125,000 civil penalty in September 2023 for beneficial ownership reporting violations.
1
In the 2024 S&P Global Corporate Sustainability Assessment, the company scored 45/100.
2
SolarEdge has a confidential and anonymous whistleblower hotline, hosted by NASDAQ, with a specific phone number and web form, and voicemail messages are electronically altered for confidentiality.
3
The hotline is managed by the Audit Committee.
4
In 2022, over 90% of the workforce completed mandatory Employee Code of Conduct training, which includes whistleblower practices.
5
The company conducted 10 investigations in 2022, 6 in 2023, and 1 in 2024 in response to whistleblower reports or employee concerns.
6
As of April 21, 2025, 88% of the Board of Directors are independent.
7
The company has an anti-corruption policy that explicitly prohibits bribes and kickbacks, requires compliance with the U.S. Foreign Corrupt Practices Act (FCPA), and sets a $250 limit for non-cash gifts.
8
The policy, last updated in June 2021, includes annual anti-corruption training for all employees, with additional training for high-exposure roles, and periodic risk assessments for fraud and corruption.
9
The 2022 employee code of conduct training included emphasis on anti-corruption.
10
Kind to Animals
0
No evidence available to assess SolarEdge Technologies, Inc. on Kind to Animals.
No War, No Weapons
-60
SolarEdge has a Conflict Mineral Policy, adopted in April 2016, which commits to terminating business relationships with suppliers demonstrating continued non-conformance and refusal to address issues related to conflict minerals.
1
Concerns and violations of this policy can be reported to the Board of Directors, its non-executive members, or subcommittees.
2
The Board receives quarterly reports on key sustainability matters, and its Technology Committee reviews cyber-related risks.
3
The company's Supplier Code of Conduct (SCoC) includes detailed requirements on ethics, safety, environment, human rights, and fair employment.
4
In 2024, on-site audits were conducted for two key raw material suppliers regarding SCoC compliance, and over 200 active key suppliers have committed to its terms.
5
SolarEdge conducts an annual online employee Code of Conduct training program, with over 90% of the workforce completing it in 2022.
6
The company states its commitment to respecting human rights and the environment in accordance with international conventions like the UN Universal Declaration of Human Rights, ILO Core Conventions, UN Global Compact, and OECD Guidelines.
7
For conflict minerals, 77% of identified smelters and refiners (453 out of 587) were verified as conflict-free or in the audit process as of May 2025.
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However, certain suppliers reported the presence of smelters/refiners sanctioned by the United States Department of Treasury or the United Kingdom in their supply chains.
9
Planet-Friendly Business
-40
In 2024, the company's total reported Scope 1, 2, and 3 GHG emissions were 54,638 tCO₂e.
1
This represents a 4.57% decrease from 57,255 tCO₂e in 2023.
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However, the reported Scope 3 emissions for 2024 are incomplete, covering only electricity used by contract manufacturers.
3
The company set a short-term target in 2023 to reduce absolute Scope 1+2 GHG emissions by 5% by 2025, compared to 2023 levels, excluding South Korean sites.
4
In 2024, 83% of total waste generated was recycled or recovered, meeting a target of >80% recycling or energy recovery for 2022-2024.
5
The company has completed Environmental Life Cycle Analysis (LCA) research for three key products, which are externally verified and registered with the International EPD® System.
6
SolarEdge has five of its own PV systems on rooftops with a combined capacity of approximately 2.2 MWp, and its Sella 1 manufacturing site in Israel transitioned to purchasing all external electricity from a private power plant in mid-2022.
7
The company has not experienced any environmental incidents that resulted in notices of violations from regulators or any fines, penalties, or sanctions related to environmental regulations.
8
Respect for Cultures & Communities
-20
SolarEdge has 15 formal partnerships with local community and social organizations, including Green Careers Texas, Restorative Farms, Tsofen, Lotus initiative, Fursa initiative, Elevation, Semana program, Kama Tech, Roim Rachok, Atidim organization, Birkat Reut association, Friends of Ofanim, EcoOcean, Venatata, and Ben Gurion University.
1
The company has no reported cultural appropriation incidents.
2
However, SolarEdge operates in culturally sensitive areas, including the colonised Upper Galilee and Israeli settlements in the West Bank, and has no formal cultural impact assessment protocol.
3
In 2022, 9% of the workforce in Israel and the U.S. were underrepresented minorities, which is equivalent to 6% of the total global workforce.
4
Formal grievance mechanisms are available via email or mail to the Vice President, General Counsel, but the percentage of operational sites covered is not specified.
5
FPIC processes are not applicable to the company's operations.
6
The Corporate Social Responsibility (CSR) Committee includes employees, but there is no specific community representation on governance or advisory bodies.
7
There is no evidence of actions taken to protect cultural or heritage sites.
8
The concept of social license is not applicable to the business model.
9
Over 90% of employees completed general ethics and compliance training in 2022, and diversity and inclusion training is provided for managers and employees, but specific cultural sensitivity training completion is not provided.
10
Safe & Smart Tech
20
SolarEdge has not experienced any material information security breaches in the past three years
1
and operates a cybersecurity program based on CIS Controls and NIST Cybersecurity Framework.
2
The company holds ISO 27001 and ISO 27017 certifications,
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with products certified to ETSI 303-645, RED 2014/52/EU,
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and compliant with UK PSTI law.
5
All global employees receive mandatory annual cybersecurity training,
6
and new hires receive onboarding training.
7
Communications between gateways and servers are encrypted via a single port (443),
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and unique device passwords are used for inverters.
9
The company states it collects and retains only necessary personal data
10
and respects individual data rights, including access, rectification, and erasure.
11
SolarEdge has a Coordinated Vulnerability Disclosure Policy
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and a Bug Bounty Program that offers monetary compensation for legitimate reports.
13
Security testing includes recurring penetration testing,
14
static code analysis,
15
and third-party assessments.
16
Privacy by design is integrated through Cyber Informed Engineering principles.
17
The company is fully compliant with GDPR
18
and actively participates in technical committees for international regulatory cyber standards.
19
Zero Waste & Sustainable Products
0
No evidence available to assess SolarEdge Technologies, Inc. on Zero Waste & Sustainable Products.