The renewable energy industry has long avoided elements of environmental, social, and corporate governance (ESG) scrutiny thanks to its decarbonization benefits. However, it has become clear that not everything is a healthy green. Local and international regulations have tightened, and frameworks for sustainable finance are emerging at an ever-faster pace, exceeding voluntary corporate social responsibility practices, which now need to prove that they are more than a marketing tool. This means systemic risks such as modern slavery in the PV industry, lack of supply chain transparency for battery cells, or project impacts from a changing climate are also matters for the boardroom. They’ve been followed by calls from alarmed shareholders asking for thorough reviews and mitigation of a broader range of ESG risks.

pv magazine 04/2025

Why sustainability due diligence matters

Back to the UP Initiative feature page

 

This page was last updated on March 31, 2025.