Sustainable Company Awards 2023

Sustainability reporting of the year, global: Canadian Solar

As one of the world's largest solar technology and renewable energy companies, Canadian Solar provides manufactures solar photovoltaic modules and battery storage products and develops utility-scale solar power and battery storage projects globally.

The company's reporting is produced in alignment with the reporting frameworks of the Financial Stability Board (FSB), the Task Force on Climate-related Financial Disclosures (TCFD), the Sustainability Accounting Standards Board (SASB) Index, and Global Reporting Initiative (GRI) metrics.

Canadian Solar 2022 reporting covers environment metrics and targets, social responsibility, responsible supply chain, and governance. 

Shawn QuIt reports decreases of 20% in greenhouse gas (GHG) emissions intensity, 25% in energy intensity, 67% in water intensity, and 45% in waste intensity over the preceding five-year period.

It aims to power its global operations with 100% renewable electricity before 2030.

Shawn Qu, chairman and chief executive officer commented: "This is the third year that we have executed on our revamped sustainability strategy and I am proud of the achievements made by our team. As a clean energy company, Canadian Solar contributes to global decarbonisation goals by providing affordable and clean energy."

Canadia Solar participates in United Nations Global Compact and the Science Based Targets inititavie (SBTi), which Qu says is "a testament of our commitment to ethical labour practice, business ethics and climate change mitigation and adaptation. We will continue our sustainable practices and create long-term value for our stakeholders".