New sustainability report from Canadian Solar for 2023 shines bright.

By Oliver Townsend Jun 6, 2024
Canadian Solar Releases 2023 Corporate Sustainability Report.pngOrginal image from: https://solarquarter.com/2024/06/06/canadian-solar-releases-2023-corporate-sustainability-report/

Canadian Solar Inc. recently unveiled its 2023 Corporate Sustainability Report, highlighting the Company’s progress and accomplishments in environmental, social, and governance (ESG) initiatives. The report adheres to global standards set by organizations like the Sustainability Accounting Standards Board (SASB) and the Global Reporting Initiative (GRI), showcasing a commitment to transparency and accountability.

Environmental Impact Reduction

In 2023, Canadian Solar achieved significant reductions in greenhouse gas emissions, energy, water, and waste intensities. With a focus on a circular economy and the principles of reduce, reuse, and recycle, the Company is on track to power all global operations with 100% renewable energy by 2030.

Ethical Labor Practices

As a participant in the United Nations Global Compact (UNGC), Canadian Solar upholds principles on human rights, labor practices, and environmental protection. The Company engages with the Responsible Business Alliance (RBA) to ensure integrity in its operations and supply chain through audits and assessments.

Transparency and Diversity

Canadian Solar introduced new disclosures highlighting the ESG strategies of its subsidiaries, emphasizing the importance of battery energy storage and renewable energy integration. The Company actively promotes diversity, equity, and inclusion to foster a productive workforce.

External Recognition and Initiatives

Canadian Solar has received various ESG ratings and awards globally and continues to participate in international ESG initiatives. With a commitment to science-based climate targets and sustainability, the Company is dedicated to driving decarbonization efforts and maintaining ethical business practices.

Leadership Statements

Ms. Hanbing Zhang, Chief Sustainability Officer, expressed pride in the Company’s progress and commitment to sustainability goals. Dr. Shawn Qu, Chairman and CEO, acknowledged the collective efforts of the team and emphasized the importance of ethical practices and value creation for stakeholders.

Conclusion

The release of Canadian Solar’s 2023 Corporate Sustainability Report signifies a continued dedication to sustainability, innovation, and ethical practices. By prioritizing environmental impact reduction, ethical labor practices, transparency, and diversity, the Company sets a benchmark for ESG initiatives in the clean energy sector.

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