Company Directory - Waaree Energies Limited
Company Details - Waaree Energies Limited
Waaree Energies Limited
WebsiteMumbai, India
A leading solar manufacturer in India, engaged in the production of solar modules and solutions.
CCI Score
CCI Score: Waaree Energies Limited
-68.63
0.04%
Latest Event
Forced Labor Allegations in Waaree Energies Supply Chain
An investigation reveals that Waaree Energies, India's largest solar producer, has utilized solar panels incorporating components made with forced labor from Chinese facilities. These components, sourced from assemblies previously banned in the U.S., raise severe ethical concerns regarding the company's supply chain practices.
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Waaree Energies Limited is currently rated as an Architect.
Latest Events
- FEB062024
An investigation reveals that Waaree Energies, India's largest solar producer, has utilized solar panels incorporating components made with forced labor from Chinese facilities. These components, sourced from assemblies previously banned in the U.S., raise severe ethical concerns regarding the company's supply chain practices.
-90
Supply Chain Ethics
March 18
The article reveals that Waaree Energies is using components produced by a Chinese firm under forced labor conditions, despite these products being banned in the U.S. This not only highlights a severe breach of supply chain ethics but also indirectly supports exploitative labor practices, aligning the company with ethically and politically concerning behavior.
Banned Chinese solar goods worth billions find route to U.S. via India
- FEB052024
Customs blocked a supplier linked to Waaree Energies over suspected forced labor practices, raising serious concerns about the company's supply chain ethics and its complicity in human rights abuses.
-80
Supply Chain Ethics
March 18
The Bloomberg article reports that a supplier connected to Waaree Energies was blocked by customs due to suspected use of forced labor. This incident raises serious concerns about Waaree's supply chain ethics and suggests a potential complicity in human rights abuses. Forced labor practices not only violate ethical business standards but also indirectly support broader authoritarian practices by undermining labor rights and ethical sourcing.
US Solar Boom Opens $2 Billion Indian Door to Banned Products From China
- FEB052024
The US trade surge in Indian solar panels has raised red flags as Waaree Energies reportedly ships panels incorporating components produced by Chinese firms with alleged links to forced labor practices. This raises serious questions regarding both labor human rights practices and supply chain ethics.
-70
Labor Relations and Human Rights Practices
March 18
Waaree Energies is implicated in potential labor rights abuses as panels containing forced labor-linked components have been exported to the US. This raises concerns regarding the company’s adherence to fair labor practices and respect for workers' rights.
-70
Supply Chain Ethics
March 18
The report highlights that Waaree Energies sourced components from Chinese manufacturers with ties to forced labor, thereby compromising supply chain ethics. This practice potentially bypasses US import bans and undermines efforts to eliminate forced labor in global supply chains.
- JAN122024
An article published on January 12, 2024, highlights concerns that Waaree Energies Limited’s solar modules, assembled in India, may be using Chinese wafers and cells, potentially evading the Uyghur Forced Labor Prevention Act through a compromised supply chain involving inputs from regions associated with forced labor.
-70
Supply Chain Ethics
March 18
Waaree Energies Limited, through its solar division (Waaree Solar), has been accused of evading the Uyghur Forced Labor Prevention Act by incorporating Chinese wafers and cells in its Indian-assembled solar modules. This reliance on inputs from regions known for forced labor practices severely undermines ethical supply chain management and exacerbates human rights abuses in the global solar industry.
Texas wants solar energy, but forced labor in China is a concern
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