Canadian Solar Inc

Common Name
Canadian Solar
Country
Canada
Sector
Technology
Industry
Solar
Employees
17,113
Ticker
CSIQ
Exchange
NASDAQ/NGS
Description
Canadian Solar Inc. is a leading provider in the renewable energy market, focusing primarily on solar power. The company designs, manufactures, and sells solar photovoltaic modules and operates large-...

Canadian Solar's GHG Emissions Data Preview

In 2023, Canadian Solar completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).

Canadian Solar has also provided a category-level breakdown for 4 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Unspecified Calculation Method
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Canadian Solar's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Canadian Solar amounted to 2,329,273 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Canadian Solar increased by 80.39%, suggesting that the company faced challenges in reducing its emissions from its core operations.

Canadian Solar's Scope 1 Emissions Over Time

202120222023020 k40 k60 k80 ktCO2e+66%-27%
  • Total Scope 1
  • Year-over-Year Change

What are Canadian Solar's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Canadian Solar were 54,982 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Canadian Solar reduced its Scope 1 emissions over time?

Since 2021, Canadian Solar's Scope 1 emissions have increased by 20.94%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Canadian Solar's Scope 1 emissions decreased by 27.32%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Canadian Solar's Scope 2 emissions?

In 2023, Canadian Solar reported Scope 2 greenhouse gas (GHG) emissions of 2,260,125 tCOâ‚‚e using the market-based method, and 2,274,291 tCOâ‚‚e using the location-based method.

Has Canadian Solar reduced its Scope 2 emissions over time?

Compared to the previous year (2022), Canadian Solar's Scope 2 emissions (Location-Based) rose by 87.09% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy

What methodology does Canadian Solar use for Scope 2 reporting?

In 2023, Canadian Solar reported its Scope 2 emissions using the market-based method and using the location-based method.

Canadian Solar's Scope 2 Emissions Over Time

2021202220230600 k1.2 M1.8 M2.4 MtCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Canadian Solar's Value Chain Emissions

In 2023, Canadian Solar reported 803,362 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Canadian Solar includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, up from 2 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain

Canadian Solar's Scope 3 Emissions Over Time

2021202220230250 k500 k750 k1 MtCO2e+13%+214%
  • Total Scope 3
  • Year-over-Year Change

What are Canadian Solar's Scope 3 emissions?

In 2023, Canadian Solar reported total Scope 3 emissions of 803,362 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 90% of these emissions originated from upstream activities such as purchased goods and capital goods, while 10% came from downstream activities like product use, distribution, and end-of-life treatment.

Has Canadian Solar reduced its Scope 3 emissions over time?

Since 2021, Canadian Solar's Scope 3 emissions have increased by 254.67%, reflecting a rising long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), Canadian Solar's Scope 3 emissions increased by 213.6%, suggesting that the company faced challenges in reducing emissions across its value chain.

What categories of Scope 3 emissions does Canadian Solar disclose?

In 2023, Canadian Solar reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol.

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Canadian Solar's Scope 3 emissions?

In 2023, the largest contributors to Canadian Solar's Scope 3 emissions were:

  • Upstream Transportation and Distribution (Cat. 4): 604,718 tCOâ‚‚e (75.27%)
  • Downstream Transportation and Distribution (Cat. 9): 111,649 tCOâ‚‚e (13.9%)
  • Downstream Leased Assets (Cat. 13): 80,334 tCOâ‚‚e (10%)

Canadian Solar's Scope 3 Emissions by Categories

UpstreamTransportation andDistribution(Cat. 4)(75.3%)DownstreamTransportation andDistribution(Cat. 9)(13.9%)Downstream LeasedAssets (Cat. 13)(10.0%)

Insights into Canadian Solar's Total Carbon Footprint

In 2023, Canadian Solar reported a total carbon footprint of 3,132,635 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 102.44% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Canadian Solar's total carbon footprint was Scope 2 emissions, accounting for 72.6% of the company's total carbon footprint, followed by Scope 3 emissions at 25.64%.