RAYZON Solar Limited Awarded EcoVadis Silver Medal - Advancing Global Sustainability Leadership
ESG (Environmental, Social, and Governance) is today the most essential compliance parameter for all the industries. It not only strengthens long term business resilience but also builds trust with stakeholders and ensures that organization remain competitive in a world where sustainability and ethics are non-negotiable said Hardik Kothiya, Chairman and JMD of RAYZON Solar Limited.
RAYZON Solar Limited, is glad to announce that they have been awarded the EcoVadis Silver Medal in the recently concluded ESG audit, placing us amongst the top 3% of companies globally within our industry segment. With an overall score of 77/100, ranking in the 94th percentile worldwide, this recognition reflects our consistent progress in adopting comprehensive sustainability practices across our operations.
A detailed assessment across EcoVadis’ four themes highlighted distinct strengths of RAYZON, viz
- Environment performance purely driven by low-impact manufacturing practices and circular - resource initiatives.
- Labour & Human Rights category, which reflects strong commitments to safe working conditions, compliance, and employee well-being.
- Sustainable Procurement by demonstrating our ability to extend ESG expectations across its supply chain and foster responsible sourcing and
- Ethics, underscoring our adherence to transparent governance, anti-corruption standards, and responsible corporate conduct, while also signalling a key area for further enhancement.
Overall, the EcoVadis evaluation reaffirms Rayzon Solar’s commitment to strengthening ESG performance through data-driven improvement, value-chain collaboration, and ethical business practices—supporting its vision to lead responsibly in the global renewable energy ecosystem.
What is EcoVadis?
EcoVadis is one of the world’s most trusted corporate sustainability rating platforms, assessing more than 150,000 companies across 180+ countries and 220+ industries. Its methodology aligns with international standards, including ISO 26000 and the Global Reporting Initiative (GRI), and evaluates organisations across four pillars:
- Environment
- Labor & Human Rights
- Ethics
- Sustainable Procurement
Medals are awarded based on percentile performance globally, recognising companies that demonstrate robust ESG maturity and responsible business practices.
Our Sustainability Journey
Since our inception, we have integrated sustainability as a strategic priority rather than a compliance requirement. We kept improving our bar with advanced environmental performance through resource-efficient manufacturing, carbon-aware production processes, and waste-minimisation approaches aligned with circularity said Chirag Nakrani, Managing Director of RAYZON Solar Limited.
At the same time, we have strengthened employee well-being, safety systems, labor rights compliance, and inclusivity across its workforce. Ethical business conduct, transparent policies, and anti-corruption mechanisms remain core components of its governance systems. In its upstream value chain, we continue to partner with suppliers who demonstrate comparable ESG commitment, ensuring responsible sourcing, traceability, and long-term collaboration.
Commitment to Global Leadership
As global clean energy demand expands, RAYZON aims to contribute not only through advanced photovoltaic technology but also through responsible production practices that create a measurable impact. We would continue to refine our ESG strategy, expand sustainability disclosures, deepen responsible procurement, and align its operations with evolving international expectations said Amit Barve, CEO of RAYZON Solar.
Our management views sustainability as a catalyst for competitiveness in global markets, reinforcing long-term stakeholder trust and supporting international customers who prioritise ethically manufactured, low-impact renewable energy solutions.
