Sustainability is not merely a commitment at Alternus; it is the cornerstone of our business ethos. Our core activities involve the development, installation, ownership, and operation of utility-scale solar photovoltaic (PV) parks, strategically contributing to national decarbonisation targets by significantly reducing reliance on fossil fuel energy.
Recognising solar PV energy as the most cost-effective and rapidly deployable technology globally, we embrace its versatility. Solar PV installations, whether on rooftops, ground, or water, uniquely position us to expeditiously meet national clean energy targets. However, to facilitate the swift deployment of solar PV, a confluence of essential factors such as supportive policies, grid modernization and ESG-focused investment is imperative.
Our commitment to sustainability extends beyond our projects to the very fabric of our business. As a publicly traded company, Alternus places the utmost emphasis on responsible and ethical governance and investment. A highly qualified team oversees business management, conducting thorough due diligence on all external partners and projects prior to official engagement and/or investment. In aligning with our commitment to quality, Alternus collaborates with Tier 1 suppliers, ensuring the longevity and optimal performance of our assets. Moreover, we have a dedicated Chief Sustainability Officer, who launched a company-wide sustainability committee with a focus on actively supporting, promoting, and championing sustainability internally and externally during 2023. An executive level ESG committee was also established to oversee strategy and provide pre-approval for any ESG or sustainability related initiatives prior to final approval by the Board.
For a more comprehensive understanding of our sustainability initiatives, we invite you to explore our forthcoming “Responsible Business and Impact Framework” scheduled for publication in early 2024. This Framework will serve as the foundation for our business underlining the vital importance of sustainability in shaping our path towards a greener and thriving future. Furthermore, we plan to publish our inaugural Sustainability Report during 2024.