Company Directory - Vikram Solar Limited
Company Details - Vikram Solar Limited
Vikram Solar Limited
WebsiteIndia
A prominent Indian solar energy solutions provider, specializing in solar modules and power plants.
CCI Score
CCI Score: Vikram Solar Limited
-0.77
Latest Event
Vikram Solar ESG Commitment to Labor Rights
Vikram Solar's ESG page highlights its resolution to uphold employee rights and support union formation. By endorsing the right to collectively bargain, the company signals robust labor practices that work against authoritarian labor abuses.
Take Action
So what can you do? It's time to make tough choices. Where will you cast your vote?
- Shop Alternatives
SEE ALL - Use Your Voice
OTHER TOOLS - Investigate
- Share the Score
SUPPORT CCI
BYSTANDER
Vikram Solar Limited is currently rated as a Bystander.
Latest Events
- JAN012025
Vikram Solar's ESG page highlights its resolution to uphold employee rights and support union formation. By endorsing the right to collectively bargain, the company signals robust labor practices that work against authoritarian labor abuses.
+80
Labor Relations and Human Rights Practices
January 1
Vikram Solar’s ESG commitment emphasizes the right of employees to form, join, and organize trade unions, thereby reinforcing labor rights and ensuring fair labor practices. This stance is a positive counterforce against authoritarian practices that suppress collective bargaining and workers' rights, earning a strong positive score in the Business Practices and Ethical Responsibility category.
- JAN012025
Vikram Solar Limited released an ESG Commitment & Sustainability Goals statement emphasizing zero tolerance for sexual harassment and a robust commitment to safeguarding employee human rights. This positive initiative highlights the company's strong stance on labor relations and human rights practices, aligning with ethical business practices opposed to authoritarian exploitation.
+80
Labor Relations and Human Rights Practices
March 18
The ESG initiative explicitly underlines a zero-tolerance policy towards sexual harassment and demonstrates a commitment to employee rights, which is a positive sign in labor relations and human rights practices. This commitment bolsters ethical business practices and helps counter exploitation linked to authoritarian models.
- OCT012024
An article highlighting that major Indian solar exporters, including Vikram Solar, have been associated with shipments detained under the forced labour act raises serious concerns about the company's supply chain ethics and labor practices.
-80
Supply Chain Ethics
March 18
The article mentions that among leading exporters in the Indian solar industry, Vikram Solar is cited along with other companies for issues related to shipments detained under the forced labour act. This detention suggests possible complications in their supply chain ethics and raises questions about adherence to labor rights standards. Such practices are concerning from an ethical responsibility standpoint and indicate corporate complicity in human rights abuses.
- SEP252024
A U.S. Department of Labor report has highlighted extensive forced labor practices in the solar supply chain, raising red flags about unethical sourcing practices that could be tied to Vikram Solar’s supply chain.
-70
Labor Relations and Human Rights Practices
March 18
The report exposes significant instances of labor abuse, including forced labor in Xinjiang, which is a critical concern in the solar supply chain. This raises serious questions about the company’s indirect involvement in supporting unethical labor practices.
-70
Supply Chain Ethics
March 18
The sourcing practices of solar panel components are questioned due to the involvement of forced labor, particularly in Xinjiang, highlighting a serious ethical lapse in supply chain management.
- AUG022023
A report highlighted by the Human Rights Research Center indicates significant supply chain concerns, including forced labor and lack of transparency in Chinese solar panels. Such issues raise red flags for companies like Vikram Solar, which may rely on these supply chains, potentially implicating them in human rights abuses.
-80
Supply Chain Ethics
March 18
The report exposes deep concerns in the solar industry regarding the use of forced labor in China. If Vikram Solar sources components from suppliers implicated in such practices, it reflects poorly on their supply chain ethics, warranting a significantly negative score in this domain.
Solar Supply Chain Concerns Amid Human Rights Abuses in China
-70
Labor Relations and Human Rights Practices
March 18
The utilization of forced labor is a clear human rights violation. The article's emphasis on these abuses in the solar supply chain reflects a broader failure in upholding labor rights. If Vikram Solar is indirectly connected to these labor practices through its supply chain, it demonstrates a significant ethical lapse.
Solar Supply Chain Concerns Amid Human Rights Abuses in China
- JUN232023
Vikram Solar is expanding its manufacturing footprint in the U.S. through a joint venture (VSK Energy LLC) that will build a vertically integrated solar production facility. The initiative is projected to create over 900 direct jobs, support high labor standards, and bolster U.S. clean energy self-sufficiency while aligning with progressive policy frameworks.
+70
Public and Political Behavior
March 18
The company's expansion supports domestic clean energy efforts and aligns with U.S. progressive policies such as the Inflation Reduction Act. Vikram Solar is engaging positively in the political environment by contributing to economic growth and job creation without channeling funds toward authoritarian agendas.
Vikram Solar announces $1.5 billion vertically integrated factory in the U.S.
+80
Business Practices and Ethical Responsibility
March 18
The new investment is expected to create high-quality jobs with competitive wages and adheres to robust labor practices, promoting ethical business operations. This expansion reflects Vikram Solar’s commitment to responsible manufacturing and improved labor relations.
Vikram Solar announces $1.5 billion vertically integrated factory in the U.S.
+75
Economic and Structural Influence
March 18
The joint venture is structured to utilize significant private investment while complementing U.S. economic initiatives. The project reinforces domestic energy security and technology self-sufficiency without contributing to economic practices that facilitate authoritarian control.
Vikram Solar announces $1.5 billion vertically integrated factory in the U.S.
- FEB172020
Amid a prolonged downturn in the renewable energy sector and challenging economic conditions, Vikram Solar implemented an Early Separation Scheme leading to the layoff of 320 production workers. This move, while framed as necessary due to market pressures, has raised concerns regarding the company’s commitment to fair labor practices and the protection of worker rights.
-30
Labor Relations and Human Rights Practices
March 18
The decision to lay off a significant portion of its production workforce reflects negatively on Vikram Solar’s labor practices. Despite citing broader economic and policy challenges, the early separation scheme undermines job security and fair treatment of employees. From an anti-fascist perspective, such actions contribute to systemic exploitation of workers, thereby meriting a negative score in the labor relations and human rights practices category.
Alternatives
Tempe, United States
-29.72
Corporation
-16.17
United Kingdom
77.25
Seoul, South Korea
15.62
Bellevue, United States
11.21
North Reading, United States
1.04
Taipei, Taiwan
0.00
Fremont, United States
-17.74
Corporation
28.89
Corporation
-8.86
Industries
- 221118
- Other Electric Power Generation
- 237130
- Power and Communication Line and Related Structures Construction
- 334413
- Semiconductor and Related Device Manufacturing
- 334515
- Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals
- 423610
- Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers