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Sunlight Group Earns Prestigious Gold EcoVadis for its Sustainable Business Practices

Athens, September 05, 2024

Ranks Among the Top 5% Globally for Exceptional Sustainability Performance

Sunlight Group a member of Olympia Group, and a technology company specializing in innovative industrial electrification solutions for the intralogistics sector and energy storage from renewable energy sources, has been awarded the prestigious EcoVadis Gold Medal for its continuous focus on ESG. This esteemed recognition places Sunlight among the top 5% of organizations worldwide for its exceptional sustainability performance.

Sunlight has made remarkable strides in its sustainability journey, as demonstrated by its latest EcoVadis rating. This globally recognized assessment system, which evaluates performance in sustainability and corporate social responsibility (CSR), has awarded Sunlight a prestigious Gold medal. This accolade highlights the company's significant investments and steadfast dedication to the highest environmental, social, and ethical standards. Notably, Sunlight has advanced from a Bronze rating (top 35%) a year ago and no rating two years prior, to achieving a Gold medal (top 5%).

Key highlights from the assessment include:

  • 100/100 in Environmental and Ethics-related policies, demonstrates Sunlight’s commitment to the highest standards in these key areas

  • 20-point improvement in the "Environment & Ethics" categories compared to previous score (2023).

  • A 30-point increase in the "Sustainable Procurement" category over the same period.

  • Carbon performance progressed from "intermediate" to "advanced," underscoring Sunlight’s leadership in climate action.

The EcoVadis Gold Medal comes at a crucial time as demand for lithium-ion batteries rises, driven by the global shift from fossil fuels to cleaner energy solutions. In this evolving landscape Sunlight follows a holistic, sustainable approach with a mission to lead positive change in the renewable energy sector by providing communities and industries with clean, efficient, and reliable battery solutions. By investing significantly in the circular economy and operating cutting-edge recycling facilities across Germany, Greece, and Italy, Sunlight is actively closing the loop on resource use, reducing waste, recovering valuable materials, and developing more sustainable products, ultimately driving progress toward a greener future.

Beyond its environmental efforts, Sunlight has systematically invested in Health & Safety and Human Resources initiatives, leading to significant improvements in workplace safety, enhanced employee well-being, and the fostering of a culture rooted in growth, inclusion, and ethical responsibility throughout the organization

Lambros Bisalas, CEO of Sunlight Group highlighted: “This achievement represents a significant milestone for our organization, highlighting our unwavering dedication to sustainable and ethical practices that benefit our entire ecosystem—customers, employees, suppliers, investors, and board members alike. It exemplifies our commitment to responsible growth and long-term value creation. A few years ago, our Group lacked any formal rating; starting with a 14% rating in 2021, we have, in just three years, made the necessary improvements and investments to earn the prestigious Gold Medal. This accolade reflects our core values and our commitment to a more sustainable world. Yet, our journey doesn't stop here. The sustainability mindset has become ingrained in our daily operations at Sunlight Group, and we will continue to advance our efforts—not just for the rating, which validates our work, but more importantly, for the positive impact we strive to create in the world around us. This is our driving force, to create a positive impact for all."

The EcoVadis rating is a globally recognized system that evaluates a company's sustainability and corporate social responsibility (CSR) performance across four areas: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement. Companies are scored from 0 to 100, with higher scores earning Platinum, Gold, Silver, or Bronze medals. This rating is a trusted benchmark for CSR, used by companies worldwide to assess and improve their sustainability practices. It helps identify areas for growth and promotes responsible business practices across supply chains.