GUELPH, Ontario, Nov. 29, 2016
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:
- 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
- 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
- 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.
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SOURCE Canadian Solar Inc.