Environmental, Social, Governance – On ESG & Sustainability in Europe #2

2024 was a pivotal year for the global solar sector. Despite political uncertainties and economic hurdles, the industry achieved remarkable milestones, set new records, and embraced cutting-edge innovations. But it wasn’t without its challenges. According to EUPD Research’s GET-Matrix©, the top 60 global markets installed over 450 GW of new installations with a year over year growth rate of ~14%. The share of Europe alone was +65 GW with Germany remaining the top market in Europe with ~16 GW of new PV installations (25% of all the new installations in 2024).

One of the challenges the European sector experienced was a lack of skilled professionals in the PV sector. In this vein, importance of ESG (Environmental, Social, Governance) considerations is rising, as they attract prospective employees and reflect commitment to sustainability and fair practices within the company. Companies are increasingly required to employ sustainable business practices. In December, experts of the European ESG sector came together for the European Sustainability Week 2024 at the Steigenberger Icon Grandhotel & Spa near Bonn, and were able to connect, discuss and learn during the ESG Summit 2024 which took place in its context.

We brought back some insights from the event. Gain a closer look at ESG with these interviews and statements by experts that attended the event!