Canadian Solar
Canadian Solar Inc., a leading player in the renewable energy sector, is headquartered in Canada and operates extensively across North America, Europe, and Asia. Founded in 2001, the company has achieved significant milestones, including becoming one of the largest solar manufacturers globally. Specialising in solar photovoltaic modules and solar energy solutions, Canadian Solar is renowned for its high-efficiency products that cater to residential, commercial, and utility-scale applications. Their commitment to innovation and sustainability sets them apart in a competitive market. With a strong market position, Canadian Solar has consistently been recognised for its contributions to the solar industry, including numerous awards for product excellence and environmental stewardship. As a trusted name in solar energy, Canadian Solar continues to drive the transition towards a greener future.
DitchCarbon Score
How does Canadian Solar's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Furniture Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Canadian Solar's score of 67 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Canadian Solar's reported carbon emissions
In 2024, Canadian Solar reported total greenhouse gas emissions of approximately 27,324,256,000 kg CO2e, comprising Scope 1 emissions of about 16,864,000 kg CO2e, Scope 2 emissions of approximately 6,339,000 kg CO2e (market-based), and Scope 3 emissions of around 21,974,157,000 kg CO2e. Notably, in 2024, the company achieved a significant reduction in Scope 1 emissions, decreasing by about 38,123,000 kg CO2e, which represents a 69% reduction compared to 2023. Additionally, Scope 2 emissions saw a decline of approximately 211,917,000 kg CO2e, or 12%, primarily due to increased adoption of green certificates and green electricity. Looking ahead, Canadian Solar has set ambitious targets to reduce its Scope 1 and Scope 2 emissions by 42% by 2030 from a 2022 baseline. This commitment aligns with the Science Based Targets initiative (SBTi) and reflects the company's dedication to addressing climate change. Furthermore, Canadian Solar aims to reduce the greenhouse gas emissions intensity of its e-STORAGE manufacturing operations by 23% from 2025 to 2029. The company is also committed to achieving net-zero emissions across all scopes by 2050, demonstrating its long-term vision for sustainability. These initiatives underscore Canadian Solar's proactive approach to mitigating its carbon footprint and contributing to global climate goals.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 19,117,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 732,528,000 | 000,000,000 | 0,000,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | - | 000,000,000 | 000,000,000 | 00,000,000,000 | 00,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Canadian Solar is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
