SMA SOLAR TECHNOL.AG.
S92.XETRA | Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus
SMA Solar Technology AG is a global specialist in photovoltaic (PV) and storage system technology. The company develops, produces, and distributes solar inverters and system technology for all grid-connected PV plants and off-grid power supply. SMA's product portfolio includes solar inverters for re...Show More
Better Health for All
0
SMA Solar Technology AG's core business is the development, production, and distribution of solar inverters and system technology.
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These products do not have a direct positive or negative impact on health outcomes, nor do they carry health risks requiring disclosure.
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The company does not offer health-related products or services, engage in preventative health or treatment activities, or collect health-related data.
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Its operations do not intersect with healthcare workforce development, health equity considerations, or health crisis response.
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The company's products do not have addiction potential, and it does not hold healthcare-related patents or conduct clinical trials.
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While the company's products contribute to reducing CO2 emissions, which has indirect environmental benefits, the 'Better Health for All' value explicitly excludes environmental pollution control.
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Fair Money & Economic Opportunity
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No evidence available to assess SMA SOLAR TECHNOL.AG on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
10
In 2024, the CEO to median employee pay ratio for the SMA Group was 1:38.5.
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The company reported a Lost Time Incident Rate (LTIR) of 1.21 per 200,000 hours worked in 2024, which is derived from an LTIR of 6.04 per 1 million hours worked.
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The unadjusted gender pay gap was 18.4% in 2024, improving from 23.5% in 2023.
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Voluntary employee turnover was 4.8% in 2023.
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As of December 31, 2024, 470 out of 4,282 employees were temporary, representing 10.98% of the workforce.
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The company stated that no violations of labor laws were identified at any locations of the SMA Group in 2023 or 2024, and no convictions, fines, or compensation were paid due to serious human rights incidents.
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Fair Trade & Ethical Sourcing
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No evidence available to assess SMA SOLAR TECHNOL.AG on Fair Trade & Ethical Sourcing.
Honest & Fair Business
-20
SMA Solar Technology AG demonstrates mixed signals regarding honest and fair business practices. On one hand, NingiResearch alleges significant financial statement manipulation, including false capitalization of expenses and removal of funds from the Free Cash Flow metric
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,
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. These are serious allegations, but they are unverified and lack supporting evidence from regulatory filings. On the other hand, SMA has a group-wide code of conduct, provides regular compliance training, and offers multiple communication channels for raising concerns
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. The company also committed to Transparency International’s “Business Principles for Countering Bribery”
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. Sustainalytics gives SMA a low ESG risk rating of 15.8, ranking it 14 out of 308 in the Electrical Equipment industry
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. Given the unverified nature of the allegations and the company's stated commitment to ethical practices, a score of -20 reflects the partial misalignment. Missing information includes specific data on regulatory fines, transparency index scores, and whistleblower policy effectiveness. Audit coverage and board independence data are also absent
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. The lack of independent verification of ethical claims is a limitation.
Kind to Animals
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SMA Solar Technology AG specializes in photovoltaic and storage system technology. The provided articles detail the company's general sustainability, human rights, and environmental performance, focusing on areas like CO2 emissions, waste management, and supplier codes of conduct. There is no evidence in the articles to suggest that SMA Solar Technology AG's operations involve animal testing, animal-derived ingredients, animal agriculture, or direct impact on wildlife habitats that would be relevant to the 'Kind to Animals' value. Consequently, no specific data points were found to score any of the KPIs under this value.
No War, No Weapons
-50
SMA Solar Technology AG's Managing Board committed to the UN Guiding Principles on Business and Human Rights in 2022, and the company signed the UN Global Compact in 2011.
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Human rights audits were conducted in 2022 and 2023, covering 54.5% of its 22 Group companies with active business operations by the end of 2023.
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The company requires suppliers to ensure that Tantalum, Tin, Tungsten, and Gold do not originate from the Democratic Republic of the Congo or adjoining countries, and suppliers must provide annual confirmation of non-use of materials from conflict zones.
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SMA monitors supplier sustainability performance, with 81.8% of A and B suppliers covered by assessments as of December 31, 2023.
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The company aims for 100% of direct material suppliers, accounting for 95% of spending, to be rated by 2025.
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SMA's Business Partner Code of Conduct, which suppliers must comply with, includes requirements for providing information on the dual-use characteristic of goods.
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The company also states it will enhance efforts to ensure inverters are not used in sensitive cases.
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Planet-Friendly Business
-10
In 2024, the company's total Scope 1, 2, and 3 greenhouse gas emissions were 725,042 tCO2e, representing a 33.54% decline from 2023.
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As of 2023, 100% of global electricity consumption was sourced from renewables, with approximately 97.8% directly from renewables and the remaining 2.2% covered by renewable energy certificates.
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Water withdrawal per $1 million revenue in 2023 was 42.93 m³.
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The waste recycling rate was 90% in 2023.
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The company reported no environmental compliance violations in 2023.
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Water withdrawal from stressed basins accounted for 602.45 m³ in 2023, which is 0.74% of total water withdrawal.
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Life Cycle Assessment (LCA) reports are available for two specific products, Sunny Central 4600 UP and Sunny Highpower PEAK3.
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Respect for Cultures & Communities
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No specific, concrete evidence was found in the provided articles for any of the KPIs related to 'Respect for Cultures & Communities'. The articles did not contain data on formal partnerships with indigenous or local community groups, revenue reinvested in local community development, cultural appropriation incidents, cultural impact assessment protocols, grievance mechanisms availability for communities, average complaint resolution times, FPIC participation rates, community governance inclusion, cultural preservation investment, local procurement share, indigenous supplier count, cultural site protection, social license to operate, charitable giving to cultural heritage organizations, community fund allocation, language inclusivity, cultural incident response, or cultural sensitivity training completion.
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Safe & Smart Tech
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SMA Solar Technology AG experienced a MOVEit incident in June 2023, but no personal or business-critical data was affected, and the system was isolated, indicating no documented data breaches.
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The company has implemented processes required by ISO 27001 and is a member of CERT@VDE, demonstrating comprehensive security certifications.
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However, the MOVEit incident also noted a lack of data encryption for the affected system,
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suggesting inconsistent encryption implementation despite the use of SSL for data transmission.
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Measures are in place to protect against unauthorized access,
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and the MOVEit incident specifically reported no unauthorized data use.
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Users are granted rights to information, correction, deletion, and data portability.
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SMA has a process for handling and remediating reported security vulnerabilities
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and mentions a responsible disclosure process,
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but specific details on patching timeframes or bug bounty program effectiveness are not provided. The company's privacy policy states that data is deleted or blocked when no longer needed, subject to legal obligations,
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and explicitly mentions compliance with GDPR and national data protection provisions.
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A Secure Product Development Life Cycle (SDLC) is also mentioned,
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indicating standard consideration of privacy in product development.
Zero Waste & Sustainable Products
-20
In 2023, SMA Solar Technology AG achieved a waste recycling rate of 90% of its total waste volume.
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The company has a target to reduce its specific waste amount by 25% by 2025 compared to 2018 for its Niestetal/Kassel locations, a target it exceeded in 2023.
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Multiple articles confirm no regulatory actions, violations, fines, or compliance issues related to waste disposal were mentioned.