Suntech Power Receives the "Murphy&Spitz Global Leader Award 2011" at the World Economic Forum 2011 in Davos
By Murphyspitz Gmbh, PRNEThursday, January 27, 2011
The Annual M&S Research Report on Environmental and Sustainability Standards in the Photovoltaic Industry Will be Published Monday
BONN, Germany, January 28, 2011 - Dr. Zhengrong Shi, founder and CEO of Suntech Power, received the
"Murphy&Spitz Global Leader Award 2011" at the World Economic Forum. With the
award, Murphy&Spitz honors Dr. Shi's company for its exemplary environmental
and sustainability standards. 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 Ms. 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 Dr. 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.
Contact: Murphy&Spitz GmbH, Nicole Vormann, Director Sustainability
Research, Riesstrasse 2, D-53113 Bonn, Tel.: +49-228-243-911-0, E-Mail:
vormann@murphyandspitz.de ; www.murphyandspitz.com
Contact: Murphy&Spitz GmbH, Nicole Vormann, Director Sustainability Research, Riesstrasse 2, D-53113 Bonn, Tel.: +49-228-243-911-0, E-Mail: vormann at murphyandspitz.de
Tags: Bonn, Germany, January 28, Murphy&spitz Gmbh