Canadian Solar

Canadian Solar, headquartered in CA and operating within the furniture and other manufactured goods sector, has outlined significant climate commitments and provided updated emissions data.

For the reporting year 2024, Canadian Solar reported Scope 1 emissions of approximately 16.9 million kg CO2e and Scope 2 (market-based) emissions of approximately 1.58 billion kg CO2e. Their Scope 3 emissions for the same year totalled approximately 27.3 billion kg CO2e. The overall total emissions for 2024 amounted to approximately 29 billion kg CO2e.

In 2023, the company's Scope 1 emissions were approximately 55 million kg CO2e, with Scope 2 (market-based) emissions at approximately 1.8 billion kg CO2e, and Scope 3 emissions at approximately 22 billion kg CO2e. The total emissions for 2023 were approximately 23.8 billion kg CO2e.

Canadian Solar has made a commitment to achieve net-zero greenhouse gas emissions across its value chain by 2050. Near-term targets include a commitment to reduce absolute Scope 1 and Scope 2 GHG emissions by 64.9% by 2035 from a 2023 base year. Additionally, they aim to reduce Scope 3 GHG emissions from purchased goods and services by 66.3% per MW of solar-related product produced by 2035. Long-term targets include reducing absolute Scope 1 and 2 GHG emissions by 90.0% by 2050 from a 2023 base year, and reducing Scope 3 GHG emissions by 97.0% per MW of solar-related product produced by 2050.

The company also reported significant year-on-year reductions in 2024. Scope 1 emissions saw a substantial decrease of 69%, totalling approximately 38,123 tonnes CO2e less than in 2023. Scope 2 emissions (market-based) also declined by 12%, a reduction of approximately 211,917 tonnes CO2e, attributed to increased adoption of green certificates and green electricity.

Furthermore, Canadian Solar has a target to reduce its GHG emission intensity from 2020 levels by 37%, aiming for 92 tonnes CO2e per MW by 2030. This involves procuring 100% renewable energy in its operations before 2030.