Canadian Solar

Canadian Solar's reported carbon emissions

Canadian Solar reported approximately 44.6 billion kg CO2e in total emissions for the year 2024, encompassing Scope 1, 2, and 3. Of this total, Scope 1 emissions were approximately 16.86 million kg CO2e, and Scope 2 emissions (market-based) were approximately 1.58 billion kg CO2e. Scope 3 emissions constituted the largest portion, totalling approximately 27.32 billion kg CO2e. For 2023, Canadian Solar's total emissions were approximately 23.83 billion kg CO2e. This included Scope 1 emissions of approximately 54.99 million kg CO2e and Scope 2 emissions (market-based) of approximately 1.80 billion kg CO2e. Scope 3 emissions for 2023 were approximately 21.97 billion kg CO2e. In 2022, total emissions were approximately 1.29 billion kg CO2e, with Scope 1 emissions at approximately 75.65 million kg CO2e and Scope 2 emissions (market-based) at approximately 1.21 billion kg CO2e. Scope 3 emissions for 2022 were approximately 256.18 million kg CO2e. Previously, in 2021, total emissions were approximately 1.22 billion kg CO2e, comprising Scope 1 emissions of approximately 45.46 million kg CO2e and Scope 2 emissions of approximately 952.59 million kg CO2e. Scope 3 emissions for 2021 were approximately 226.51 million kg CO2e. Canadian Solar has set significant climate commitments. The company has committed to a net-zero greenhouse gas emissions goal across its value chain by 2050. Furthermore, they have established near-term targets, including a commitment to reduce absolute Scope 1 and 2 GHG emissions by 64.9% by 2035 from a 2023 base year. They also aim to reduce Scope 3 GHG emissions from purchased goods and services by 66.3% per MW of solar-related product produced within the same timeframe. 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. In recent performance updates, Canadian Solar reported significant reductions in 2024: Scope 1 emissions decreased by approximately 69% compared to 2023, and Scope 2 emissions (market-based) declined by approximately 12%, attributed to increased adoption of green certificates and electricity. The company also has a longer-term intensity reduction target of 37% for its GHG emissions from 2020 levels, aiming for 92 tCO2e/MW, which includes a commitment to achieve 100% renewable energy in operations before 2030.