Letright Corporation Founder recognized for his commitment to sustainable practices, ethical integrity, and impactful leadership.
The award ceremony, held on November 14, celebrated leaders who exemplify sustainable practices and ethical integrity. Ren Li’s journey began in 1999 when he founded Letright Corporation, tapping into China’s burgeoning furniture market. His commitment to sustainability was evident as early as 2001 when he ceased the production of wooden patio umbrellas, driven by a sense of responsibility and love for the planet, rather than external pressures. Letright embraced these values even before the Paris Agreement in 2015.
Under Ren Li’s leadership, Letright has consistently pushed the boundaries of innovation. In 2001, Letright revolutionized the industry by mass-producing solar lights, laying a strong foundation in photovoltaic technology. By 2007, the introduction of Polywood, a wood-effect material, further reduced wood usage, balancing sustainability with business success. In 2016, Letright adopted eco-friendly technology to create wood-effect finishes on non-wood outdoor furniture, satisfying consumer demand while expanding market share.
In his acceptance speech, Ren Li expressed gratitude to his team at Letright Industrial Corp., Ltd., and his family, especially his daughter, for their unwavering support. He also acknowledged the ACES platform for fostering a community of leaders dedicated to sustainable development.
Ren Li highlighted Letright’s innovations, such as the Solaryard Smart Pergola launched in 2023, which is pivotal in enriching outdoor living while contributing substantially to sustainable development. This groundbreaking product addresses outdoor challenges and transforms spaces into vibrant, energy-efficient environments. He noted that the market for smart pergolas is projected to exceed 100 million units over the next decade, potentially generating 200 billion kilowatt-hours of electricity and significantly reducing global carbon emissions.
He concluded by reaffirming his belief that businesses have a responsibility to drive economic progress while protecting the planet and communities. He urged entrepreneurs to embrace sustainability as a necessity for creating a future where people and nature thrive together. “Thank you all for your support and belief that business can and should be a force for good. Let us continue to lead with purpose, inspire others, and create brighter, sustainable solutions for the challenges that lie ahead. Together, we can reshape the future of global business and the environment,” Ren Li stated.
