GUELPH, Ontario, Nov. 29, 2016
/PRNewswire/ -- Canadian Solar Inc. (the
"Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's
largest solar power companies, announced today that its Corporate
Social Responsibility report for the year 2015 is now available online.
The report reveals a commitment to social and environmental
considerations that runs broad and deep. It was completed in line
with the international standard for sustainability reports, the
Global Reporting Initiative G4, and demonstrates the company's firm
commitment to making the difference. Highlights of the 2015 report
include:
Economic highlights:
- 51.6% annual increase in module sales
- $3.5 billion total revenue
- Top-3 market shares in Japan,
India, Canada, USA,
Central America and other
territories
Environmental highlights:
- Energy generation from company-owned PV plants increased by
over 1,000%
- Water use per MW decreased by
23% since 2014
- Wastewater discharge per MW dropped by 35% since 2014
- CO2 needed per MW was reduced by 42% compared to 2012
Social highlights:
- Named Canada's Most Attractive
Employer in the sixth annual Randstad Awards
- Ranked #1 for corporate social responsibility in Randstad
Awards
- More than 6,300 staff members were trained in 2015, more than
70% of all employees
"Promoting sustainable development around the world is the
mission of Canadian Solar as well as my personal quest. We not only
want to be a socially responsible company, but also want our
suppliers along the PV value chain to practice and promote
sustainable development. Being one of the major PV industry players
in the world with accumulative solar panel delivery exceeding 17
GW, we have taken corporate responsibility to the heart of our
daily business operations to strengthen environmental
sustainability, human resource and community development. This
report is a testimony of that commitment," says Dr. Shawn
Qu, Chairman and Chief Executive Officer of Canadian
Solar.
Canadian Solar's sustainability report can be directly
downloaded as PDF via
http://www.canadiansolar.com/media/canadian_solar-csr_report_2015-web.pdf
and is also available on the Canadian Solar website at
http://www.canadiansolar.com/en/making-the-difference/foundations-for-a-sustainable-future.html.
About Canadian Solar Inc.
Founded in 2001 in Canada,
Canadian Solar is one of the world's largest and foremost solar
power companies. As a leading manufacturer of solar photovoltaic
modules and provider of solar energy solutions, Canadian Solar also
has a geographically diversified pipeline of utility-scale power
projects in various stages of development. In the past 15 years,
Canadian Solar has successfully delivered over 17 GW of premium
quality modules to over 90 countries around the world. Furthermore,
Canadian Solar is one of the most bankable companies in the solar
industry, having been publicly listed on NASDAQ since 2006. For
additional information about the Company, follow Canadian Solar
on LinkedIn or visit www.canadiansolar.com.
Safe Harbor/Forward-Looking Statements
Certain statements in this press release regarding the Company's
expected future shipment volumes, gross margins, business prospects
and future quarterly or annual results, particularly the management
quotations and the statements in the "Business Outlook" section,
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 Japan, the U.S., India and China; changes in customer order patterns;
changes in product mix; capacity utilization; level of competition;
pricing pressure and declines in average selling prices; delays in
new product introduction; delays in utility-scale project approval
process; delays in utility-scale project construction; continued
success in technological innovations and delivery of products with
the features customers demand; shortage in supply of materials or
capacity requirements; availability of financing; exchange rate
fluctuations; litigation and other risks as described in the
Company's SEC filings, including its annual report on Form 20-F
filed on April 20, 2016. Although the
Company believes that the expectations reflected in the forward
looking statements are reasonable, it cannot guarantee future
results, level of activity, performance, or achievements. Investors
should not place undue reliance on these forward-looking
statements. All information provided in this press release is as of
today's date, unless otherwise stated, and Canadian Solar
undertakes no duty to update such information, except as required
under applicable law.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/canadian-solar-releases-new-sustainability-report-300368789.html
SOURCE Canadian Solar Inc.