Canadian Solar Releases 2018 Sustainability Report
The report shows
The Corporate Social Responsibility Report is prepared following the guidelines of Global Reporting Initiative™ (GRI) G4 CORE option, the global standard for sustainability reports. Below are the report highlights.
- In 2018,
Canadian Solardelivered 6.6 GW of solar modules worldwide. As of the end of the second quarter of 2019, the company had shipped over 36 GW modules cumulatively, which can generate around 45,321,600 MWh of clean electricity per year, enough to meet the needs of approximately 10 million homes.
- In the latest bankability survey conducted by Bloomberg New Energy Finance,
Canadian Solarwas ranked as the No.1 most bankable module manufacturer by respondents based on product quality, reliability and trustable corporate reputation. PV-Tech also gave Canadian Solaran AA bankability rating, showing that the Company has managed to successfully pursue a dual manufacturing/downstream business. Canadian Solar'stechnology team set a world record of 22.80% conversion efficiency for p-type large area multi-crystalline silicon solar cell, and it was tested and certified by Germany'sInstitute für Solarenergieforschung GmbH(ISFH) in September 2019.
- Water usage per kW production was reduced by 42.8% from 0.593 m3 in 2017 to 0.339 m3 in 2018.
- Electricity usage per kW production was reduced by 14.5% from 7.22 kWh in 2017 to 6.17 kWh in 2018.
- CO2 emissions for every kW module production was reduced by 19% from 393 kg in 2017 to 318 kg in 2018.
- In 2018, the Company employed more than 13,000 people worldwide and created 561 new jobs. It also provided 43,266 training programs to employees during the year.
Canadian Solarcontinued to contribute to local communities, such as in Lungi, Sierra Leoneand Bauru, Brazil, where the Company helped to build solar power systems for medical centers, kindergartens and elderly people's homes. The Company believes the participation and direct contribution to the society is the best expression of business success.
About Canadian Solar Inc.
Safe Harbor/Forward-Looking Statements
Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future available supplies of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets such as
Ed Job, Managing Director, Investor Relations, firstname.lastname@example.org; David Pasquale, Global IR Partners, Tel: +1-914-337-8801, email@example.com