Canadian Sun Publishes 2021 Company Sustainability Document

GUELPH, ON, July 18, 2022 /PRNewswire/ — Canadian Sun Inc. (“Canadian Sun” or “the Corporate”) (NASDAQ: CSIQ) introduced nowadays the discharge of its 2021 Sustainability Document, which highlights the Corporate’s development in advancing its sustainability technique from an environmental, social, and governance (ESG) standpoint.

The sustainability disclosures on this file are aligned with world requirements, particularly the ones set via the TCFD (Activity Drive on Local weather-Similar Monetary Disclosures), SASB (Sustainability Accounting Requirements Board), and GRI (World Reporting Initiative). The entire Sustainability Document is available right here. 

Highlights

Environmental

• In 2021, Canadian Sun accomplished discounts in its greenhouse fuel (GHG) emissions, power depth, water depth, and waste depth of 17%, 18%, 53%, and 36%, respectively, from its 2017 baselines.
• Canadian Sun up to date its 5-year rolling goals, aiming to succeed in GHG emission, power depth, water depth, and waste depth discounts of 30%, 33%, 44% and 33%, respectively, from 2021 ranges via 2026.
• Canadian Sun stays not off course to powering all its world operations with 100% renewable power earlier than 2030.

Social

• Canadian Sun up to date its 5-year range objectives. Through 2026, Canadian Sun targets to extend feminine staff’ illustration in its world group of workers from 36% to 40%, their illustration in center control from 25% to 30%, and their illustration in senior control from 8% to ten%. It additionally plans to extend the percentage of its staff with particular must 1-2% (from 0.8% in 2021).
• Qualified beneath ISO14001 environmental and ISO45001 occupational well being and protection control techniques, Canadian Sun’s recordable damage price in 2021 was once 0.68 case in line with million operating hours, its lowest price previously 5 years.
• Canadian Sun College introduced new classes overlaying key industry purposes. This profession coaching program targets to lend a hand staff acquire a broader figuring out of the Corporate and the sun business, pressure innovation, and more practical collaboration.
• Committing to a accountable provide chain, Canadian Sun integrates ESG into its provide chain control technique via requiring all providers to signal the Provider Code of Habits and engaging in Provider ESG audits. The Corporate additional affirmed its dedication via setting up an interdepartmental Anti-Trendy Slavery Activity Drive aiming to make sure that trendy slavery does no longer happen anyplace in its industry, together with its provide chain.

Governance

• Canadian Sun’s Board of Administrators (“the Board”) frequently makes efforts to strengthen the range of the Board. The Corporate’s Company Governance Pointers and Nominating and Company Governance Committee Constitution had been changed in 2021 to include the Board’s commitments to range.
• The Board handed a solution in Would possibly 2022 mandating a third-party overview, at cheap price, at the extent to which Canadian Sun’s insurance policies and procedures successfully offer protection to in opposition to compelled exertions in its operations, provide chains, and industry relationships.

Ms. Hanbing Zhang, Leader Sustainability Officer, stated, “We’re pleased with the development made against our sustainability objectives during the last few years. In 2021, we implemented extra stringent and extra holistic requirements to our environmental metrics; we made efforts to additional improve fairness, range and inclusion of the Corporate and took tasks to regulate a accountable provide chain. We acknowledge that persevered luck calls for persevered vigilance and look ahead to additional enticing with our stakeholders and making additional enhancements.”

Dr. Shawn Qu, Chairman and CEO, commented, “We’re happy to submit our 2021 Sustainability Document. As a part of the golf green power revolution, Canadian Sun is dedicated to contributing to world decarbonization objectives via handing over blank, reasonably priced, and dependable solar power whilst decreasing the environmental affect from our operations. Our commitments to environmental sustainability, human rights, and certain social affects constitute each our efforts to safeguard our shared long run and our willpower to construction long-term price for all our stakeholders.”

About Canadian Sun Inc.
Canadian Sun was once based in 2001 in Canada and is likely one of the global’s greatest sun generation and renewable power firms. This can be a main producer of sun photovoltaic modules, supplier of solar power and battery garage answers, and developer of utility-scale solar energy and battery garage tasks with a geographically diverse pipeline in quite a lot of phases of construction. Over the last two decades, Canadian Sun has effectively delivered round 71 GW of premium-quality, sun photovoltaic modules to shoppers the world over. Likewise, since coming into the challenge construction industry in 2010, Canadian Sun has advanced, constructed and hooked up over 6.6 GWp in over 20 international locations the world over. Lately, the Corporate has round 800 MWp of sun tasks in operation, 5.3 GWp of tasks beneath building or in backlog (late-stage), and an extra 18.5 GWp of tasks in pipeline (mid- to early-stage). Canadian Sun is likely one of the maximum bankable firms within the sun and renewable power business, having been publicly indexed at the NASDAQ since 2006. For more information in regards to the Corporate, observe Canadian Sun on LinkedIn or talk over with www.canadiansolar.com.

Secure Harbor/Ahead-Taking a look Statements 
Positive statements on this press liberate are forward-looking statements that contain various dangers and uncertainties that would purpose precise effects to range materially. Those statements are made beneath the “Secure Harbor” provisions of the U.S. Personal Securities Litigation Reform Act of 1995. In some circumstances, you’ll establish forward-looking statements via such phrases as “believes,” “expects,” “anticipates,” “intends,” “estimates,” the unfavourable of those phrases, or different similar terminology. Elements that would purpose precise effects to range come with basic industry, regulatory and financial prerequisites and the state of the sun and battery garage marketplace and business; geopolitical tensions and conflicts, together with impasses, sanctions and export controls; volatility, uncertainty, delays and disruptions associated with the COVID-19 pandemic; provide chain disruptions; governmental reinforce for the deployment of solar energy; long run to be had provides of high-purity silicon; call for for end-use merchandise via shoppers and stock ranges of such merchandise within the provide chain; adjustments in call for from vital shoppers; adjustments in call for from primary markets, similar to Japan, the U.S., China, Brazil and India; adjustments in efficient tax charges; adjustments in buyer order patterns; adjustments in product combine; adjustments in company accountability, particularly environmental, social and governance (“ESG”) necessities; capability usage; degree of pageant; pricing force and declines in or failure to well timed modify moderate promoting costs; delays in new product advent; delays in utility-scale challenge approval procedure; delays in utility-scale challenge building; delays within the crowning glory of challenge gross sales; persevered luck in technological inventions and supply of goods with the options that buyers call for; scarcity in provide of fabrics or capability necessities; availability of financing; trade and inflation price fluctuations; uncertainties associated with the CSI Sun carve-out checklist; litigation and different dangers as described within the Corporate’s filings with the Securities and Trade Fee, together with its annual file on Shape 20-F filed on April 28, 2022. Even supposing the Corporate believes that the expectancies mirrored within the forward-looking statements are cheap, it can not ensure long run effects, degree of process, efficiency, or achievements. Buyers must no longer position undue reliance on those forward-looking statements. All knowledge equipped on this press liberate is as of nowadays’s date, except another way said, and Canadian Sun undertakes no accountability to replace such knowledge, except for as required beneath acceptable regulation.

Canadian Sun Inc. Investor Family members Contacts
Isabel Zhang
Investor Family members
Canadian Sun Inc.
[email protected]

David Pasquale
World IR Companions
Tel: +1-914-337-8801
[email protected]

SOURCE Canadian Sun Inc.