Canadian Solar : 2024 Sustainability Report.
CSIQ
Published on 05/29/2025 at 05:01
2024
Sustainability Report
Message from the Chief Executive Officer
Message from the Chief Executive Officer
Canadian Solar 2024 Sustainability Report
We are delighted to present Canadian Solar's 2024 Sustainability Report, which highlights our steadfast commitment to sustainability and the tangible progress we have made as a global leader in clean energy. Below, we outline three key areas of focus:
Shawn Qu
Chairman and Chief Executive Officer
We made notable progress in reducing the environmental impact of our operations and those of our partners and customers through cutting-edge innovations and operational excellence. In 2024, we lowered GHG emissions, energy, water, and waste intensities by 54%, 37%, 75%, and 53%, 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 our solar mocules.
In 2024, we implemented 147 energy conservation projects and 22 water-saving initiatives, saving a total of 246 GWh of energy and 3.4 million tons of water. In addition, we continued to align our operations with circular economy principles, increasing our total recycled and reused waste to 94% in 2024 from 88% in 2023, while maintaining 100% recycling or reuse of packaging materials used during our production processes.
Committed to ethical practices across our operations and global supplier network, we achieved new milestones in responsible supply chain management. We engage with the Responsible Business Alliance (RBA) to conduct Validated Assessment Program (VAP) audits at our factories. In 2025, we achieved another Silver-level recognition for the RBA VAP audit at our solar cell factory in China, following the one at our Thailand solar module factory in 2023. These independent assessments reaffirmed our operational practices are in alignment with global social, environmental, health and safety, and business ethics standards.
Beyond our own factories, two of our polysilicon suppliers in Qinghai Province, China, have initiated the RBA VAP audits at our request, extending our ethical standards upstream. We also executed 147 supplier ESG audits in 2024-including 31 on-site evaluations- surpassing 2023's total of 129 audits and 29 onsite assessments. Following collaborative consultations and corrective action plans, all suppliers met our stringent ESG criteria.
We enhanced the transparency and depth of our disclosures to mirror our evolving business strategy, proactively engaging with internal and external stakeholders to identify and prioritize sustainability topics that are important to both our business and stakeholders. We have further enhanced the transparency and comprehensiveness of our greenhouse gas (GHG) emissions reporting by disclosing all relevant scope 3 categories in alignment with the GHG Protocol. Additionally, we have established first-ever GHG emissions, energy, water, and waste intensity targets and disclosures for our battery energy storage manufacturing operations. To align our sustainability strategy with stakeholder expectations, our subsidiaries CSI Solar and Recurrent Energy have each conducted an in-depth Double Materiality Analysis.
This report reflects our commitment to transparency, accountability and sustainability, ensuring disclosures are not only robust and actionable but also aligned with global standards.
Thank you for your trust and support. Together, let us make the difference in making a better and sustainable world.
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Highlights
About Canadian Solar
Environmental Metrics and Targets Social Responsibility Responsible Supply Chain Governance
About this Report
Canadian Solar 2024 Sustainability Report
Appendix
Highlights
24 Years
157 GW
580 million
40 million 11.6 GWp
Global tier 1 player in solar and battery storage
100% revenues related to renewable energy
Solar modules delivered
Tons of CO₂ emissions displaced
Households powered
Solar project developed and connected
4.5 GWh > 17,000 World Class Brand World Class Brand
Battery energy storage projects energized
Employees worldwide, 32% is female
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Highlights
About Canadian Solar
Environmental Metrics and Targets Social Responsibility Responsible Supply Chain Governance
About this Report
Canadian Solar 2024 Sustainability Report
Appendix
Highlights
International ESG Initiatives and Recognitions
RBA VAP Audits
Silver-level recognition
(Suqian solar cell factory) (2025)
Silver-level recognition (Thailand solar module factory) (2023)
ISS ESG
Prime Rating B+ Rating (2025)
EcoVadis Silver Sustainability Rating
Industry Top 4% (2025)
CDP Climate Change Disclosure
B Score (2024)
KPMG ESG 50 Awards (2024)
Green Low-Carbon Pioneers Award
Environmental Finance
Green Project Bond of the Year (2024)
Achilles ESG Assessment
Excellent Rating (2024)
UNEF
Seal of Excellence for Sustainability (2024)
Environmental Finance
Sustainability Reporting of the Year (2023)
United Nations Global Compact (UNGC)
Active Participant
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Disclaimer
Canadian Solar Inc. published this content on May 29, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 29, 2025 at 09:00 UTC.