First Solar Inc

Common Name
First Solar
Country
United States
Sector
Technology
Industry
Solar
Employees
8,100
Ticker
FSLR
Exchange
NASDAQ/NGS
Description
First Solar Inc. is a leading manufacturer and provider of solar energy solutions, specializing in the design and production of photovoltaic (PV) modules. The company's primary purpose is to deliver s...

First Solar's GHG Emissions Data Preview

In 2023, First 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).

First Solar has also provided a category-level breakdown for 13 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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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 First Solar's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of First Solar amounted to 804,809 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 First Solar increased by 31.2%, suggesting that the company faced challenges in reducing its emissions from its core operations.

First Solar's Scope 1 Emissions Over Time

20182019202020212022202307 k14 k21 k28 ktCO2e+19%-73%+21%-10%+51%
  • Total Scope 1
  • Year-over-Year Change

What are First Solar's Scope 1 emissions?

In 2023, the total Scope 1 emissions of First Solar were 11,638 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has First Solar reduced its Scope 1 emissions over time?

Since 2018, First Solar's Scope 1 emissions have decreased by 47.58%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), First Solar's Scope 1 emissions increased by 51.34%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are First Solar's Scope 2 emissions?

In 2023, First Solar reported Scope 2 greenhouse gas (GHG) emissions of 776,502 tCOâ‚‚e using the market-based method, and 793,171 tCOâ‚‚e using the location-based method.

Has First Solar reduced its Scope 2 emissions over time?

Since 2018, First Solar's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 85.37%, reflecting a rising long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), First Solar's Scope 2 emissions (Location-Based) rose by 30.95% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy

What methodology does First Solar use for Scope 2 reporting?

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

First Solar's Scope 2 Emissions Over Time

2018201920202021202220230200 k400 k600 k800 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into First Solar's Value Chain Emissions

In 2023, First Solar reported 3,660,151 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 First Solar includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, down from 12 in 2022, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.

First Solar's Scope 3 Emissions Over Time

2018201920202021202220230950 k1.9 M2.85 M3.8 MtCO2e+66%-4%+33%+25%+37%
  • Total Scope 3
  • Year-over-Year Change

What are First Solar's Scope 3 emissions?

In 2023, First Solar reported total Scope 3 emissions of 3,660,151 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 99.98% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0.02% came from downstream activities like product use, distribution, and end-of-life treatment.

Has First Solar reduced its Scope 3 emissions over time?

Since 2018, First Solar's Scope 3 emissions have increased by 261.21%, reflecting a rising long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), First Solar's Scope 3 emissions increased by 36.59%, suggesting that the company faced challenges in reducing emissions across its value chain.

What categories of Scope 3 emissions does First Solar disclose?

In 2023, First Solar reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol.

This partial disclosure allows for some insight into the company's indirect impacts.

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

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

  • Purchased Goods and Services (Cat. 1): 2,347,907 tCOâ‚‚e (64.15%)
  • Capital Goods (Cat. 2): 983,001 tCOâ‚‚e (26.86%)
  • Fuel- and Energy-Related Services (Cat. 3): 180,097 tCOâ‚‚e (4.92%)

First Solar's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(4.9%)Purchased Goods andServices (Cat. 1)(64.1%)Capital Goods(Cat. 2)(26.9%)

Insights into First Solar's Total Carbon Footprint

In 2023, First Solar reported a total carbon footprint of 4,464,960 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 35.59% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to First Solar's total carbon footprint was Scope 3 emissions, accounting for 81.98% of the company's total carbon footprint, followed by Scope 2 emissions at 17.76%.