Since 2001, Suntech Power has taken up the challenge of realizing cost-efficient solar energy and achieving breakthroughs in energy technology. Murphy&Spitz regards Suntech as a leader and model of good business practice in Asia.
After preparing the research report on environmental and sustainability standards in the photovoltaic industry, Nicole Vormann, head of sustainability research for Murphy&Spitz, came to the conclusion that Suntech Power was one of the company to be emulated. "We deliberately altered our time schedule at Suntech’s plant in Wuxi, China, and asked to see non-scheduled places like the hazardous materials storage and the water treatment facility. The sustainability team of Suntech Power showed exceptional transparency during our visit," said Vormann.
The investment firm Murphy&Spitz awards the "Murphy&Spitz Global Leader Award" to model companies that qualify for sustainability investments. Besides environmental, occupational, and social standards, the award also reflects economic aspects. "A global leader, in the sense of Murphy&Spitz, can only be a sustainable company. Global leaders are companies presently working on solutions for the most urgent problems of our time," explained Murphy&Spitz managing partner Philipp Spitz.
Suntech Power develops, produces, and sells globally reliable and cost efficient solar energy systems. The company was founded in 2001 by photovoltaics scientiest Zhengrong Shi and has become the world’s biggest manufacturer of silicon-based solar modules. Suntech Power has branches in 13 countries, with regional HQs in San Francisco, Schaffhausen (Switzerland), and Wuxi (PRC). Suntech is listed on the New York Stock Exchange (NYSE: STP).
Murphy&Spitz was founded in 1999 and is one of the most experienced sustainability investors in the German speaking area. Murphy&Spitz manages four sustainability portfolios, the listed private equity company Murphy&Spitz Green Capital AG (A0KPM6) and the renewable energy independent power producer Murphy&Spitz Green Energy. Murphy&Spitz is one of the few experts in German speaking countries relying on the expertise of an in-house research with a focus on sustainability aspects.