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 55 is higher than 74% 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 carbon emissions of approximately 29,000,000 kg CO2e, comprising 16,864,000 kg CO2e from Scope 1, 1,576,842,000 kg CO2e from Scope 2 (market-based), and a significant 27,324,256,000 kg CO2e from Scope 3 emissions. Notably, the company achieved a remarkable 69% reduction in Scope 1 emissions, decreasing by 38,123 tonnes CO2e compared to 2023. Additionally, Scope 2 emissions saw a decline of 211,917 tonnes CO2e, or 12%, primarily due to increased adoption of green certificates and green electricity. Canadian Solar has set ambitious targets to further reduce its greenhouse gas emissions. The company aims to cut Scope 1 and Scope 2 emissions by 42% by 2030 from a 2022 baseline. This commitment is part of their Science Based Targets initiative (SBTi) approval, which aligns with the goal of limiting global warming to 1.5°C. Furthermore, Canadian Solar has established long-term targets to reduce the GHG 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, reinforcing its dedication to sustainability and climate action.
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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 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | 000,000,000 | 000,000,000 | 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.
