Best Practices in Solar Energy Production Highlighted in New Report
A new report was released on Wednesday, March 28, highlighting the best practices of photovoltaics (PV) manufacturers to protect workers and the environment during the production of solar panels. It also analyzes investor considerations regarding environmental, social, and governance practices for responsible management of PV companies.
The report, Clean & Green: Best Practices in Photovoltaics, was released by As You Sow, a nonprofit organization that promotes corporate responsibility through shareholder advocacy and innovative legal strategies. Along with highlighting how solar manufacturing companies are reducing environmental, public health, and safety risks, the report offers steps companies can take to ensure clean production and fiduciary responsibility.
Historically, the solar industry has faced hurdles competing against fossil fuels on cost, and the industry faces additional challenges because large-scale manufacturing of solar panels currently requires the use of several compounds that are toxic to humans or the environment. Yet overall production of solar panels and the electricity generated from them is much cleaner than fossil fuels. If the right policy measures are in place, solar energy can supply more than two-thirds of the total electricity needs of the U.S. by 2050.
The report was compiled from a survey of over 100 solar manufacturers around the world, and best practices were determined via consultation with scientists, engineers, academics, government labs, and industry consultants.