Pax World Growth Fund Featured Company
Suntech Power (Global Energy)
Suntech Power is a company that is held in the Pax World Growth Fund that meets Pax Worlds ESG (environment, social and governance) Criteria.
Suntech is working daily to realize its vision to be a global energy leader, providing efficient solar solutions for a green future. Suntech Power is a leader in the solar energy industry through its involvement in the development, manufacture, and sale of photovoltaic cells and systems which offer a renewable alternative to traditional energy sources. Pax World favors companies that, like Suntech, are involved in the manufacture or production of renewable energy and those that promote the continued use of and dependence on renewable energy sources as these types of products serve to curb reliance on fossil fuels and promote the use of clean, renewable alternatives that are critical in curbing global climate change. The company has gained publicity recently through its exclusive contract to provide the solar energy system for the main stadium at the 2008 Beijing Olympics.
As of September 30, 2007, Suntech Power represented 1.2% of the Pax World Growth Fund portfolio. This story does not represent an endorsement of the company’s attractiveness as an investment.