GUELPH, Ontario, Dec. 6, 2018 /PRNewswire/ -- Canadian Solar
Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one
of the world's largest solar power companies, announced today that
its latest Corporate Social Responsibility Report is now available
online.
The report shows Canadian Solar's firm commitment to sustainable
social and environmental developments and the company's great
efforts in making the difference in business and in local
communities.
The Corporate Social Responsibility Report is prepared following
the guidelines of Global Reporting Initiative™ (GRI) G4 CORE
option, the global standard for sustainability reports. Highlights
of the 2017 report include:
Economic Highlights:
- In 2017, Canadian Solar delivered 6.83 GW of solar modules
worldwide, bringing the Company's cumulative solar module shipments
to over 25 GW, equivalent to generating around 36,500,000 MWh of
clean electricity per year.
- As of the end of 2017, Canadian Solar had cumulatively built
3,149.2 MW of solar power plants globally, a 24.2% increase
compared with the 2,535.6 MW of solar plants built at the end of
2016.
Environmental Highlights:
- Water usage per kW production decreased from 1.14 M3 in 2014 to 0.59 M3 in 2017, a reduction of
48%.
- Electricity usage per kW production decreased from 12.23 kWh in
2014 to 7.22 kWh in 2017, a reduction of 41%.
- CO2 emissions for every kW in module production decreased from
905.4 Kg in 2011 to 392.67 Kg in 2017, a decrease of 56.6%.
Social Highlights:
- In 2017, the Company employed more than 12,000 people worldwide
and created 2,749 new jobs.
- In 2017, 31,217 training programs were provided to the 12,000
employees, an average of 2.5 training programs for every employee.
These training programs enhanced employees' work skills and
knowledge.
Dr. Shawn Qu, Chairman and Chief
Executive Officer of Canadian Solar, commented:
"At Canadian Solar, we are unwavering in our responsibility to our
shareholders, customers, employees, suppliers and the community.
Through this report, we hope to highlight our accomplishment to
promote sustainable development and provide clean energy to
communities across the globe. We will continue to bring a better
and cleaner life for people all over the world."
Canadian Solar's sustainability report can be directly
downloaded as PDF via
https://www.canadiansolar.com/media/canadian_solar_csr_report_2017_en_01.pdf
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 17 years, Canadian Solar has
successfully delivered over 30 GW of premium quality modules to
over 150 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.
Canadian Solar's 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 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; delays in
the completion of project sales; 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 26, 2018. 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.
View original
content:http://www.prnewswire.com/news-releases/canadian-solar-releases-new-sustainability-report-300761182.html
SOURCE Canadian Solar Inc.