Today, SunPower released our annual Environmental, Social and Governance Report. To kick it off, our CEO, Peter Faricy wrote a heartfelt letter about what ESG means to him, and all of us at SunPower. Download the full report and read more about what our talented and committed team achieved this past year.
A letter from Peter Faricy
As a company on a mission to change the way our world is powered, the principles of ESG are embedded into everything we do. This has been the case since SunPower was founded close to 40 years ago, and it is a driving force for our customers, employees, and partners today.
More than half a million homes in the U.S. have SunPower solar on their roofs, and we’ve only scratched the surface. In the same way that you can’t imagine any home in America without a refrigerator or washing machine, I believe solar, battery storage, and EV charging should, and one day will, become the standard in every home. This year’s ESG report outlines the progress we’ve made in our relentless pursuit to lead the clean energy transition with a focus on making solar more accessible to all Americans.
Innovation must remain at the heart of our progress, and the work we did in 2022 is indicative of that ethic. We built a new home community with KB Home that offers a blueprint for neighborhoods of the future to never experience a blackout. We forged a new collaboration with General Motors to help more drivers run their cars on clean energy and we will launch our new bi-directional charging product together later this year. We joined forces with IKEA, a brand renowned for simplicity and customer experience, to make switching to solar easier than it has ever been.
Inside our own operations, we continued to make progress against our own goal to achieve net zero in our material and freight network by 2030 and remain laser-focused on our 25X25 commitments designed to ensure the benefits of home solar and storage serve all American families, job seekers and businesses. I take these commitments personally. Growing up in Detroit, I experienced how little things, like a rising electricity bill, add to the challenges of day-to-day life. I also experienced the potential of true American innovation happening right at my doorstep. With these experiences and our clear vision for the future, I am resolute that we’ll only be successful when the benefits of renewable energy are within reach for everyone.
It’s true, there are obstacles and challenges on the road ahead, but I look to the future with hope and enthusiasm because we’ve seen firsthand what’s possible when a community of energy solvers come together.