Sonnedix named ESG Global Solar Power Generation Sector Leader by GRESB, awarded its maximum 5 stars

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11 November, 2020

London, UK – Sonnedix, the global solar independent power producer (IPP) has been named, for the third consecutive year, the global Solar Power Generation Sector Leader for its outstanding leadership in environmental, social and governance (ESG) performance in the 2020 GRESB Infrastructure Assessment, being awarded the maximum five-star rating.

Each year GRESB assesses and benchmarks the ESG performance of real assets worldwide and monitors progress towards global sustainability goals. GRESB Assessments are based on the sustainability performance of real asset investments and are aligned with international reporting frameworks.

The GRESB Sector Leader Awards Program recognizes real estate and infrastructure companies, funds and assets that have demonstrated outstanding leadership in sustainability. Sonnedix achieved an overall GRESB score of 94 out of 100, against a peer average score of 52. The 2020 results award the global solar IPP an overall maximum rating of five stars as well as establishing Sonnedix as the PV Power Generation Sector Leader for sustainability performance.

"This year's pandemic further emphasises the importance of ESG in building a resilient business and using the disruption to spur positive change and create long-term value for all our stakeholders.” - said Axel Thiemann, CEO of Sonnedix - “Being recognised as top Solar Power Generation Leader by GRESB, for the third consecutive year, reflects our commitment, helping us consolidate our position as a trusted partner and build on our reputation in how we achieve sustainable growth.”

Sander Paul van Tongeren, Co-Founder and Managing Director at GRESB, said: “We are proud to recognize the 2020 Sector Leaders for their clear commitment and meaningful action to improve their ESG performance. Your efforts continue to shape the future of sustainability leadership and play a critical role in accelerating the transition towards sustainable real assets.”

The GRESB Real Estate and Infrastructure Assessment results enable global real asset investors and managers to engage on the current state of sustainability in the sector and review emerging trends from the annual Assessments. The stringent assessment covers a range of activities, spanning management, policy and disclosure, risks and opportunities, monitoring and EMS, stakeholder engagement, performance indicators and certification and awards.

GRESB® and the related logo are trademarks owned by GRESB BV and are used with permission.


About Sonnedix

Sonnedix Power Holdings Limited (together with its subsidiaries, “Sonnedix”) is a global Independent Solar Power Producer (IPP) with a proven track record in delivering high performance, cost competitive solar photovoltaic plants to the market. Sonnedix develops, builds, owns and operates solar power plants globally, including over 1GW of photovoltaic power plants in operation, as well as several hundred MW under development in Italy, France, Spain, USA/Puerto Rico, Chile, South Africa and Japan.

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GRESB is a mission-driven and investor-led organization providing standardized and validated Environmental, Social and Governance (ESG) data to the capital markets. Established in 2009, GRESB has become the leading ESG benchmark for real estate and infrastructure investments across the world. In 2020 alone, more than 1,200 real estate portfolios reported to GRESB covering more than 96,000 assets. Our coverage for infrastructure includes more than 540 infrastructure portfolios and assets. Combined, the reported assets represent US $5.3 trillion AUM. The data is used by more than 100 institutional and financial investors to monitor investments across portfolios and navigate the strategic choices needed for the industry to transition to a more sustainable future.

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