Canadian Solar Releases 2024 Corporate Sustainability Report
Canadian Solar (NASDAQ: CSIQ) has released its 2024 Sustainability Report, showcasing significant environmental and operational achievements. The company reported substantial reductions in environmental impact compared to 2017 levels, including 54% lower GHG emissions, 37% reduced energy intensity, 75% decreased water usage, and 53% lower waste intensity. Waste recycling and reuse increased to 94% in 2024 from 88% in 2023.
The company earned a Silver-level recognition from the Responsible Business Alliance (RBA) for its Suqian solar cell factory and improved its sustainability ratings, including an ISS ESG rating upgrade to B+ and a CDP climate change score advancement to B. Canadian Solar maintained its EcoVadis Silver rating while improving to the industry's top 4% in 2025.
The report aligns with global standards including SASB, GRI, and IFRS, demonstrating enhanced transparency in GHG emissions reporting and setting new environmental targets for its battery energy storage business.Canadian Solar (NASDAQ: CSIQ) ha pubblicato il suo Rapporto di Sostenibilità 2024, evidenziando importanti risultati ambientali e operativi. L'azienda ha registrato significative riduzioni dell'impatto ambientale rispetto ai livelli del 2017, con emissioni di gas serra inferiori del 54%, intensità energetica ridotta del 37%, consumo d'acqua diminuito del 75% e intensità dei rifiuti ridotta del 53%. Il riciclo e il riutilizzo dei rifiuti sono aumentati al 94% nel 2024 rispetto all'88% del 2023.
La società ha ottenuto un riconoscimento di livello Argento dalla Responsible Business Alliance (RBA) per il suo stabilimento di celle solari di Suqian e ha migliorato le sue valutazioni di sostenibilità, tra cui un aggiornamento del rating ISS ESG a B+ e un avanzamento del punteggio CDP sul cambiamento climatico a B. Canadian Solar ha mantenuto la valutazione EcoVadis Argento, migliorandosi tra il top 4% del settore nel 2025.
Il rapporto è allineato agli standard globali come SASB, GRI e IFRS, dimostrando una maggiore trasparenza nella rendicontazione delle emissioni di gas serra e fissando nuovi obiettivi ambientali per il suo business di accumulo energetico a batteria.
Canadian Solar (NASDAQ: CSIQ) ha publicado su Informe de Sostenibilidad 2024, mostrando logros significativos en el ámbito ambiental y operativo. La compañía reportó reducciones sustanciales en su impacto ambiental respecto a los niveles de 2017, incluyendo una disminución del 54% en emisiones de gases de efecto invernadero, una reducción del 37% en la intensidad energética, una caída del 75% en el uso de agua y una reducción del 53% en la intensidad de residuos. El reciclaje y la reutilización de residuos aumentaron al 94% en 2024 desde el 88% en 2023.
La empresa recibió un reconocimiento de nivel Plata por parte de la Responsible Business Alliance (RBA) para su fábrica de celdas solares en Suqian y mejoró sus calificaciones de sostenibilidad, incluyendo una actualización en la calificación ISS ESG a B+ y un avance en la puntuación CDP de cambio climático a B. Canadian Solar mantuvo su calificación EcoVadis Plata mientras mejoraba para estar entre el 4% superior de la industria en 2025.
El informe está alineado con estándares globales como SASB, GRI e IFRS, demostrando una mayor transparencia en la presentación de informes sobre emisiones de gases de efecto invernadero y estableciendo nuevos objetivos ambientales para su negocio de almacenamiento de energía en baterías.
Canadian Solar (NASDAQ: CSIQ)는 2024년 지속 가능성 보고서를 발표하며 환경 및 운영 부문에서 중요한 성과를 공개했습니다. 회사는 2017년 대비 환경 영향이 크게 감소했으며, 온실가스 배출량 54% 감소, 에너지 집약도 37% 감소, 물 사용량 75% 감소, 폐기물 집약도 53% 감소를 기록했습니다. 폐기물 재활용 및 재사용률은 2023년 88%에서 2024년 94%로 증가했습니다.
회사는 Suqian 태양광 셀 공장으로 책임경영연합(RBA)으로부터 실버 등급을 받았으며, 지속 가능성 평가도 향상되어 ISS ESG 등급이 B+로, CDP 기후변화 점수도 B로 상승했습니다. Canadian Solar는 EcoVadis 실버 등급을 유지하면서 2025년 업계 상위 4%에 진입했습니다.
이 보고서는 SASB, GRI, IFRS 등 글로벌 기준에 부합하며, 온실가스 배출 보고의 투명성을 높이고 배터리 에너지 저장 사업을 위한 새로운 환경 목표를 설정했습니다.
Canadian Solar (NASDAQ: CSIQ) a publié son Rapport de Durabilité 2024, mettant en avant des réalisations importantes sur les plans environnemental et opérationnel. L'entreprise a rapporté des réductions substantielles de son impact environnemental par rapport aux niveaux de 2017, notamment 54 % d'émissions de GES en moins, 37 % de réduction de l'intensité énergétique, 75 % de diminution de la consommation d'eau et 53 % de baisse de l'intensité des déchets. Le recyclage et la réutilisation des déchets ont augmenté pour atteindre 94 % en 2024 contre 88 % en 2023.
L'entreprise a obtenu une reconnaissance de niveau Argent de la Responsible Business Alliance (RBA) pour son usine de cellules solaires de Suqian et a amélioré ses évaluations de durabilité, notamment une montée en grade de son score ISS ESG à B+ et une progression de son score CDP sur le changement climatique à B. Canadian Solar a conservé sa notation EcoVadis Argent tout en se hissant dans les 4 % meilleurs du secteur en 2025.
Le rapport est conforme aux normes mondiales telles que SASB, GRI et IFRS, démontrant une transparence accrue dans le reporting des émissions de GES et fixant de nouveaux objectifs environnementaux pour son activité de stockage d'énergie par batterie.
Canadian Solar (NASDAQ: CSIQ) hat seinen Nachhaltigkeitsbericht 2024 veröffentlicht, der bedeutende Umwelt- und Betriebserfolge präsentiert. Das Unternehmen meldete erhebliche Reduzierungen der Umweltbelastung im Vergleich zu 2017, darunter 54% weniger Treibhausgasemissionen, 37% geringere Energieintensität, 75% reduzierten Wasserverbrauch und 53% niedrigere Abfallintensität. Das Recycling und die Wiederverwendung von Abfällen stiegen von 88% im Jahr 2023 auf 94% im Jahr 2024.
Das Unternehmen erhielt eine Silber-Auszeichnung von der Responsible Business Alliance (RBA) für seine Solarzellenfabrik in Suqian und verbesserte seine Nachhaltigkeitsbewertungen, einschließlich eines ISS ESG-Ratings von B+ und einer verbesserten CDP-Klimawandelbewertung auf B. Canadian Solar behielt sein EcoVadis-Silberrating bei und stieg 2025 in die Top 4% der Branche auf.
Der Bericht entspricht globalen Standards wie SASB, GRI und IFRS, zeigt eine verbesserte Transparenz bei der Berichterstattung von Treibhausgasemissionen und setzt neue Umweltziele für das Batterieenergiespeichergeschäft.
- Significant environmental improvements: 54% GHG reduction, 37% energy reduction, 75% water reduction, and 53% waste reduction since 2017
- Increased waste recycling and reuse to 94% in 2024 from 88% in 2023
- Achieved Silver-level RBA recognition for Suqian facility and maintained it for Thailand module facility
- Improved sustainability ratings: ISS ESG (B+ from B), CDP (B from C), and EcoVadis (top 4% from top 5%)
- None.
The sustainability disclosures in this report are aligned with global standards set by the SASB (the Sustainability Accounting Standards Board) and Global Reporting Initiative (GRI), with reference to the IFRS (the International Financial Reporting Standards) set by the ISSB (International Sustainability Standards Board). The full report is available here.
Highlights of the report include the following:
- Notable progress in reducing the Company's environmental footprint: In 2024, Canadian Solar lowered GHG emissions, energy, water, and waste intensities by
54% ,37% ,75% , and53% , respectively, compared to 2017 levels. These achievements were driven by the enhanced production efficiency, implementation of robust energy and water conservation programs, as well as the increases in the power output of its solar modules. The Company also continues to align its operations with circular economy principles, increasing total recycled and reused waste to94% in 2024 from88% in 2023, while maintaining100% recycling or reuse of packaging materials used during its production processes. - Ethical business conduct across the Company's own operations and supply chain: To ensure alignment with global standards on labor practices, environmental, health and safety, and business ethics, Canadian Solar engages with the Responsible Business Alliance (RBA) to conduct Validated Assessment Program (VAP) audits at its facilities. Building on the success of the 2023 audit of Canadian Solar's
Thailand module facility, where it achieved a Silver-level recognition, the Company earned another Silver-level recognition under the RBA VAP in 2025 for its solar cell factory in Suqian,Jiangsu Province ,China . Beyond its own facilities, two of Canadian Solar's polysilicon suppliers inQinghai Province ,China , initiated RBA VAP audits at the Company's request. - Enhanced transparency and depth of disclosures: Canadian Solar has further enhanced the transparency and comprehensiveness of its greenhouse gas (GHG) emissions reporting by disclosing all relevant scope 3 categories in alignment with the GHG Protocol. The Company has set the environmental targets for its battery energy storage business for the first time. To align the Company's sustainability strategy with stakeholder expectations, Canadian Solar's subsidiaries CSI Solar and Recurrent Energy have each conducted an in-depth Double Materiality Analysis.
- Further strengthened external recognitions: Canadian Solar has achieved elevated ratings from international third-party agencies. In 2025, the Company's ISS ESG rating increased to B+, up from B in 2024. Additionally, its CDP climate change score advanced to B for the 2024 questionnaire, compared to C in 2023. Canadian Solar maintained its Silver rating with EcoVadis, while further enhancing its score to industry top
4% in 2025, up from top5% in 2024.
Ms. Hanbing Zhang, Chief Sustainability Officer of Canadian Solar, commented, "We are delighted to announce the release of our 2024 Sustainability Report, which underscores our commitment to embedding sustainability across our operations and value chain. This year's achievements, from reducing our environmental footprint to fostering a creative, engaged workforce and maintaining a responsible supply chain, demonstrate how sustainability is driving meaningful value for our business. As we look ahead, we remain unwavering in our pursuit of transparency, while working closely with our stakeholders for continuous improvement."
Dr. Shawn Qu, Chairman and CEO of Canadian Solar, added, "At Canadian Solar, we recognize that sustainable business practices are not merely a responsibility, but a strategic imperative for enduring success. I am proud of our team's achievements as we advance toward our sustainability goals. Our mission is to power the world with solar energy and create a better and cleaner Earth for future generations. To realize this, we will continue to drive meaningful progress by embedding technological innovation, environmental stewardship, social responsibility, and ethical governance across our businesses and value chain."
About Canadian Solar Inc.
Canadian Solar is one of the world's largest solar technology and renewable energy companies. Founded in 2001 and headquartered in
Safe Harbor/Forward-Looking Statements
Certain statements in this press release, including those regarding the Company's expected future shipment volumes, revenues, gross margins, and project sales are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "may", "will", "expect", "anticipate", "future", "ongoing", "continue", "intend", "plan", "potential", "prospect", "guidance", "believe", "estimate", "is/are likely to" or similar expressions, the negative of these terms, or other comparable terminology. These forward-looking statements include, among other things, our expectations regarding global electricity demand and the adoption of solar and battery energy storage technologies; our growth strategies, future business performance, and financial condition; our transition to a long-term owner and operator of clean energy assets and expansion of project pipelines; our ability to monetize project portfolios, manage supply chain fluctuations, and respond to economic factors such as inflation and interest rates; our outlook on government incentives, trade measures, regulatory developments, and geopolitical risks; our expectations for project timelines, costs, and returns; competitive dynamics in solar and storage markets; our ability to execute supply chain, manufacturing, and operational initiatives; access to capital, debt obligations, and covenant compliance; relationships with key suppliers and customers; technological advancement and product quality; and risks related to intellectual property, litigation, and compliance with environmental and sustainability regulations. Other risks were described in the Company's filings with the Securities and Exchange Commission, including its annual report on Form 20-F filed on April 30, 2025. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.
CANADIAN SOLAR INC. INVESTOR RELATIONS CONTACT
Wina Huang
Investor Relations
Canadian Solar Inc.
investor@canadiansolar.com
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SOURCE Canadian Solar Inc.
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