− Report emphasizes Hanwha Q CELLS’ quality innovation efforts towards enhancing product reliability and engagement in eco-friendly business activities that reflect eco-friendly characteristics of PV industry
− 2018 report introduces Hanwha Q CELLS’ corporate social responsibility, addressing a range of social issues, including climate change, energy poverty, and fine dust
Berlin, Germany: Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL) (“Hanwha Q CELLS” or the “Company”), one of the largest solar cell and module manufacturers in the world, has published its Sustainability Report 2018 (the “Report”), which outlines the Company’s sustainability management activities, achievements, and future plans.
Hanwha Q CELLS first began publishing its sustainability report last year as a mean to share its sustainability management activities with key stakeholders, such as shareholders, investors, customers, employees, suppliers, and local communities.
The Report outlines the sustainability management efforts that are linked to Hanwha Q CELLS’ corporate philosophy of creating a sustainable future. In particular, Hanwha Q CELLS has focused on quality innovation efforts in enhancing product reliability, eco-friendly management activities, and its corporate social responsibility efforts that reflect the inherent strengths and characteristics of the PV industry. In order to ensure the reliability of the Report, it has been third-party verified by Det Norske Veritas and Germanischer Lloyd (DNV GL), an internationally accredited registrar and clean energy consultant. The verification was based on the Report’s content, comprehensiveness and responsiveness.
Contributing to the social good and quality management
As a global leading solar company, Hanwha Q CELLS operates a Global Quality Management Team located at the German R&D headquarters and regional factories to continuously monitor product quality and maintain excellence and competitiveness. In order to preemptively respond to customer needs, Hanwha Q CELLS also operates various communication channels such as customer satisfaction surveys and global sales networks, and continues to commercialize and develop innovative products and technologies that meet these customers’ needs.
As an eco-friendly energy company, Hanwha Q CELLS is also actively addressing environmental issues through eco-conscious management decisions and activities.
As set forth in the Report, in order to replace the energy used in the cell and module production process with renewable energy, Hanwha Q CELLS’s subsidiary, Hanwha Q CELLS (Qidong) Co., Ltd., has installed a 2.2 MW solar PV array, while Hanwha Q CELLS Korea Corporation, another affiliate of Hanwha Group, fitted a 1MW array at its Jincheon plant in Korea. Furthermore Hanwha Q CELLS Malaysia Sdn. Bhd., a subsidiary of the Company, built an environmentally-friendly logistics system that helped to reduce the site’s energy consumption for transportation by approximately 40% by improving logistics and loading efficiency.
Before the end of this year, Hanwha Q CELLS will donate solar modules to an eco-friendly tree nursery that will use the solar electricity to nurture the growth of young saplings. In conjunction with Hanwha Group’s social contribution campaign “Hanwha Solar Forest”, which supports the growth of new forests to help mitigate the effects of climate change, the trees grown in this eco-friendly tree nursery will be planted at the Incheon Metropolitan Landfill in Korea to prevent the spread of fine dust, which can be harmful to humans and wildlife.
In addition, the Report also includes the details about the “Lights of Hope” campaign, in which Hanwha Q CELLS sends solar-powered lanterns made by its employees to vulnerable children in developing countries that suffer from poor or non-existent electricity access. This campaign has been successful in reducing the respective households’ reliance on expensive, dangerous and kerosene lamps, while enabling families to enjoy leisure or learning time together long into the dark evening.
Hanwha Q CELLS’ sustainability reports, including the Report, are written in Korean and English and can be downloaded from the official website of Hanwha Q CELLS: www.hanwha-qcells.com
About Hanwha Q CELLS
Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) is one of the world’s largest and most recognized photovoltaic manufacturers for its high-performance, high-quality solar cells and modules. It is headquartered in Seoul, South Korea (Global Executive Headquarters) and Thalheim, Germany (Technology & Innovation Headquarters) with its diverse international manufacturing facilities in Malaysia and China. Hanwha Q CELLS offers the full spectrum of photovoltaic products, applications and solutions, from modules to kits to systems to large-scale solar power plants. Through its growing global business network spanning Europe, North America, Asia, South America, Africa and the Middle East, the Company provides excellent services and long-term partnerships to its customers in the utility, commercial, governmental and residential markets. Hanwha Q CELLS is a flagship company of Hanwha Group, a FORTUNE Global 500 firm and a Top 10 business enterprise in South Korea. For more information, visit: http://www.hanwha-qcells.com.
This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the quotations from management in this press release and the Hanwha Q CELLS’ operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the forward-looking statements. Further information regarding these and other risks is included in Hanwha Q CELLS filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, Hanwha Q CELLS does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.