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Company Directory - SunPower Corporation

Company Details - SunPower Corporation

SunPower Corporation Logo

SunPower Corporation

Website

San Jose, USA

NASDAQ: SPWR 

SunPower Corporation is a leading solar technology and energy services provider that offers high‐efficiency solar panels and energy storage solutions for residential, commercial, and utility-scale projects.

CCI Score

CCI Score: SunPower Corporation

26.32

-0.01%

Latest Event

SunPower Human Rights Statement

SunPower Corporation released its comprehensive Human Rights Statement outlining policies on labor rights and supply chain ethics, signaling strong adherence to international standards and transparency in its business practices.

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DISSENTER

SunPower Corporation is currently rated as a Dissenter.

+25 to +44 CCI Score
These companies are vocal in their opposition to authoritarian regimes. They publicly criticize oppressive policies and engage in advocacy efforts to promote accountability and transparency, even if their actions aren’t as extensive as those of Moral Leaders.

Latest Events

  • SunPower Human Rights Statement Logo
    JAN
    01
    2025

    SunPower Corporation released its comprehensive Human Rights Statement outlining policies on labor rights and supply chain ethics, signaling strong adherence to international standards and transparency in its business practices.

  • +80

    Labor Relations and Human Rights Practices

    March 26

    SunPower demonstrates a strong commitment to labor rights by ensuring fair wages, safe working conditions, and strict prohibitions against forced labor and discrimination. This proactive stance on labor relations and human rights is reflected in its detailed company policies and training initiatives.

    Human Rights Statement

  • +85

    Supply Chain Ethics

    March 26

    SunPower enforces rigorous supply chain ethics by implementing annual human trafficking risk assessments, supplier audits, and requiring supplier certifications to ensure compliance with ethical standards. These measures significantly reduce the risk of forced labor and other human rights abuses in its supply chain.

    Human Rights Statement

  • SunPower Layoffs and Restructuring Logo
    APR
    24
    2024

    On April 24, 2024, SunPower Corporation announced it would cease its direct solar installation business and lay off approximately 1,000 workers—over 25% of its workforce—in a drastic restructuring move aimed at achieving financial viability. This decision has raised concerns regarding the company's commitment to labor rights and economic stability in its communities.

  • -40

    Labor Relations and Human Rights Practices

    March 26

    SunPower's decision to lay off 1,000 workers, constituting over 25% of its global workforce, significantly undermines worker rights and stable labor relations. This mass reduction, executed as part of a shift away from direct installations, reflects a prioritization of short-term financial viability over ethical treatment of employees, aligning with broader concerns about corporate practices that disproportionately impact vulnerable workers.

    Sunpower Corp layoffs: around 1,000 workers to lose their jobs as direct solar installations cease

  • -20

    Economic and Structural Influence

    March 26

    The restructuring plan, involving a shift to a dealership model and significant job cuts, signals underlying economic pressures and a potential weakening of the company’s structural accountability. This action risks destabilizing local economies and reducing long-term investment in workforce stability, which can exacerbate broader social and economic inequities.

    Sunpower Corp layoffs: around 1,000 workers to lose their jobs as direct solar installations cease

  • SunPower PAC Political Contributions and Lobbying Logo
    JAN
    01
    2024

    SunPower Corporation, through its Political Action Committee (PAC), has engaged in political fundraising activities as recorded by the FEC. While the contributions are relatively modest, the very existence of the PAC raises concerns about potential corporate influence in political processes that may align with authoritarian or fascist agendas, according to anti‐fascist critiques.

  • -30

    Political Contributions and Lobbying Efforts

    March 26

    The establishment and use of a Political Action Committee (PAC) by SunPower Corporation demonstrates a level of political engagement that critics argue can translate into undue political influence. Although the financial activity reported is modest, its very use for political contributions is seen as a tool that might support or embolden authoritarian policies. This rating reflects concerns that corporate political contributions, even small ones, can contribute to a broader environment susceptible to authoritarian influences.

    SUNPOWER CORPORATION POLITICAL ACTION COMMITTEE (SUNPOWER PAC) - FEC.gov

  • SunPower Strengthens Supply Chain Ethics Policy Against Human Trafficking Logo
    OCT
    01
    2023

    SunPower has implemented a robust conflict minerals policy that enforces ethical supply chain practices. The company mandates supplier audits, risk assessments, and supplier certifications to ensure that neither human trafficking nor slavery is present in its supply chain. Additionally, the company reinforces its commitment through employee conduct guidelines tied to its Code of Business Conduct and Ethics and the UN Global Compact.

  • +80

    Supply Chain Ethics

    March 26

    SunPower's policy outlines thorough measures to prevent human trafficking and slavery within its direct supply chain. The company conducts internal risk assessments aligned with the US State Department’s high-risk listings and retains the right to audit suppliers, which demonstrates a strong commitment to supply chain ethics. However, the reliance on self-assessment and announced audits leaves room for further improvement through independent verification.

    SunPower Conflict Minerals Policy

  • +70

    Labor Relations and Human Rights Practices

    March 26

    In addition to its supply chain measures, SunPower holds its employees to strict human rights standards as articulated in its Code of Business Conduct and Ethics and its adoption of the UN Global Compact. This dual focus on supplier and employee ethics is positive, though the primary emphasis remains on compliance rather than proactive labor empowerment.

    SunPower Conflict Minerals Policy

  • SunPower Supplier Code of Conduct Policy Adoption Logo
    MAY
    25
    2023

    SunPower Corporation has updated its Supplier Code of Conduct as of May 25, 2023, emphasizing strict ethical, human rights, and sustainable practices for its suppliers. The policy extends beyond legal compliance, aiming to ensure rigorous standards that contribute to curbing exploitative labor practices and repressive business methods.

  • +70

    Business Practices and Ethical Responsibility

    March 26

    SunPower's Supplier Code of Conduct demonstrates a strong commitment to business practices and ethical responsibility. The document outlines measures related to anti-corruption, transparency, and compliance with both domestic and international laws. By enforcing these high ethical standards among its suppliers, SunPower positions itself against unethical practices that can fuel authoritarian tendencies. This proactive approach supports broader anti-fascist goals by holding both the company and its supply chain accountable.

    SunPower Corporation Supplier Code of Conduct

  • +80

    Supply Chain Ethics

    March 26

    The Supplier Code of Conduct sets stringent guidelines for supply chain ethics. It mandates that suppliers adhere to robust standards including respect for human rights, prohibition of forced labor, and compliance with environmental and safety regulations. This policy not only secures the integrity of SunPower’s supply chain but also actively discourages practices that could contribute to systemic oppression, thereby aligning with anti-fascist and social justice principles.

    SunPower Corporation Supplier Code of Conduct

  • SunPower Announces Progress Toward 25X25 Commitments Logo
    SEP
    20
    2022

    SunPower has made significant strides towards its 25X25 DE&I initiative by implementing programs and partnerships that boost participation from minority- and women-owned businesses and enhance workforce diversity in the solar industry. This move supports equitable economic growth and challenges systemic inequalities, aligning with anti-fascist and progressive economic values.

  • +75

    Public and Political Behavior

    March 26

    SunPower’s initiative reflects a strong commitment to equitable public policies by actively promoting inclusion and broadening opportunities for historically marginalized communities. Their actions set a positive standard in the energy sector, countering authoritarian economic practices by ensuring a more diverse stakeholder base.

    SunPower Announces Progress Toward 25X25 Commitments

  • +80

    Business Practices and Ethical Responsibility

    March 26

    By forging strategic alliances with organizations like GRID Alternatives, Solar Energy International, and McKinsey & Company, SunPower is investing in workforce training and leadership development for underrepresented groups. These initiatives underline a business ethics framework that promotes diversity and equitable economic practices.

    SunPower Announces Progress Toward 25X25 Commitments

  • SunPower Corporation PAC Contributions to Federal Candidates Logo
    JAN
    01
    2022

    SunPower Corporation donated $32,000 through its PAC to federal candidates during the 2021-2022 election cycle, raising concerns about corporate influence in politics that may indirectly support authoritarian practices.

  • -40

    Political Contributions and Lobbying Efforts

    March 26

    SunPower Corporation’s PAC contribution of $32,000 to federal candidates raises red flags about how corporate political financing can influence policy outcomes. From a left-leaning perspective, such donations risk aligning corporate interests with candidates whose policies may undermine democratic norms and facilitate authoritarian tendencies.

    Sunpower Corp PAC Contributions to Federal Candidates • OpenSecrets

  • SunPower sets new goals for justice, diversity and equity Logo
    OCT
    01
    2021

    SunPower Corporation has launched the SunPower 25X25 initiative, committing to ambitious targets by 2025 to enhance workforce diversity, expand solar access for marginalized communities, and increase dealer diversity, including low‐interest loan programs for low-income customers.

  • +80

    Public and Political Behavior

    March 26

    SunPower's initiative demonstrates a proactive approach in addressing social inequities by expanding solar access to historically marginalized communities and committing to increasing workforce diversity. This engagement in public and community-focused behavior serves as a countermeasure to authoritarian practices and underscores the company's commitment to social justice.

    SunPower sets new goals for justice, diversity and equity

  • +85

    Business Practices and Ethical Responsibility

    March 26

    The SunPower 25X25 initiative outlines concrete goals that enhance business practices and ethical responsibility, including setting targets for increasing representation of women and people of color within its workforce and dealer network, and providing financial support to low-income customers. These efforts reflect a strong commitment to social equity and ethical business operations.

    SunPower sets new goals for justice, diversity and equity

  • SunPower Launches 25X25 Initiative: Expanding Renewable Energy Access for Marginalized Communities Logo
    SEP
    30
    2021

    SunPower Corporation announced its 25X25 Initiative, a set of justice, diversity, equity and inclusion commitments designed to increase solar and battery storage access for historically marginalized communities, support workforce diversity, and promote dealer equity. The initiative aligns with the Biden administration’s Justice40 goals and promises measurable targets by 2025.

  • SunPower Corporation Political Contributions and Lobbying Activity 2019-2020 Logo
    NOV
    03
    2020

    OpenSecrets data reveals that SunPower Corporation's PAC raised $53,513 during the 2019-2020 election cycle. Although the amount is modest, from a left-leaning perspective, any corporate political contribution can be seen as facilitating undue corporate influence over democratic processes, potentially paving the way for authoritarian policies.

  • -10

    Political Contributions and Lobbying Efforts

    March 26

    The reported PAC contribution by SunPower Corporation, though small in monetary value, is interpreted as part of broader corporate involvement in political fundraising activities. From a left-leaning perspective, this participation raises concerns about the ability of corporate donations, even at a modest scale, to influence political agendas and support policies that may erode democratic processes and enable authoritarian tendencies.

    PAC Profile: Sunpower Corp • OpenSecrets

  • SunPower Corporation Political Action Committee Contributions (2020) Logo
    MAY
    31
    2020

    Examination of SunPower Corporation's PAC political contributions during the 2020 Election Cycle reveals their involvement in channeling funds which may indirectly support political figures associated with authoritarian policies. The data, including contributions processed through the PAC and visual cues such as associated campaign imagery, raise concerns regarding the use of corporate funds to influential political ends.

  • -40

    Political Contributions and Lobbying Efforts

    March 26

    SunPower Corporation's political action committee, as evidenced by the 2020 contribution records, shows that the company is involved in facilitating political donations. The financial details and the association with political campaign imagery, including a link to figures like Donald Trump, suggest that these contributions may be supporting candidates with authoritarian tendencies. Such activities are concerning from a public and political behavior perspective, as they may bolster political influence aligned with far-right ideologies.

    SUNPOWER CORPORATION POLITICAL ACTION COMMITTEE - CampaignMoney.com

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