MASHINIi

Canadian Solar Inc..

CSIQ.US | Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus

Canadian Solar Inc. is a global manufacturer of solar photovoltaic modules and provider of solar energy solutions. The company designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar-related products. They also develop and operate solar power projects. Their ...Show More

Ethical Profile

Mixed.

Canadian Solar Inc. (CSIQ) presents a mixed ethical profile. Critics point to concerns regarding potential forced labor in its supply chain, particularly in the Xinjiang Uyghur Autonomous Region, and a low 8.4% score on a human rights benchmark. While the company aims for 75% of workers to earn living wages within two years, reports suggest only 50% currently do. On the environmental front, Canadian Solar has achieved a 54% reduction in GHG emissions and 75% in water usage since 2017, with a 94% waste diversion rate in 2024. They target 100% renewable energy for manufacturing by 2030. However, a 2022 ransomware attack resulted in data theft.

Value Scores

Better Health for All30
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect10
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business0
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business-50
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech-40
-100100
Zero Waste & Sustainable Products20
-100100

Better Health for All

30

Canadian Solar's core business of manufacturing and deploying solar photovoltaic modules and projects directly contributes to better health by increasing renewable energy generation and reducing reliance on fossil fuels. This leads to a significant reduction in carbon emissions and air pollution, which has a substantial positive impact on public health.

1
The company's projects, such as those in Italy and various Indigenous communities in Canada, specifically aim to reduce diesel fuel consumption by over 800,000 litres annually and decrease air pollution, thereby acting as a preventative health measure.
2
The company's operations are designed to address negative climate and environmental externalities, which include health-harming pollution.
3
As the company's entire product portfolio is dedicated to solar energy, it has no revenue from products with negative health impacts. There is no specific evidence regarding user safety, price accessibility, vulnerable population reach, risk transparency, health innovation investment, health equity programs, healthcare workforce support, healthcare data responsibility, global health crisis response, mental health initiatives, pharma patent flexibility, nutrition and food safety, healthcare education, addiction mitigation, or clinical trial ethics.
4

Fair Money & Economic Opportunity

0

No specific, concrete evidence was found in the provided articles to assess Canadian Solar Inc. against any of the KPIs for the 'Fair Money & Economic Opportunity' value. The articles primarily discuss solar project development and a financing program without providing details on customer demographics, pricing, fee structures, inclusion initiatives, data accessibility, lending compliance, wealth building outcomes, profit reinvestment, financial literacy, debt burden ratios, geographic inclusion, or product simplicity related to financial services.

1
Therefore, all KPIs are omitted due to lack of relevant data.

Fair Pay & Worker Respect

10

The company's Total Recordable Injury Rate (TRIR) was 1.03 cases per million working hours in 2024.

1
The gender pay ratio (female-male) was 84% in 2024, meaning women earned approximately 84% of what men earned.
2
An employee engagement survey in 2024 reported a score of 4.4 out of 5, based on the Gallup Q12 model.
3
The Thailand module facility achieved a Silver-level recognition in a 2023 RBA Validated Assessment Program (VAP) audit, fully compliant with "Freely Chosen Employment" rules.
4
In 2025, the solar cell factory in Suqian, China, also earned a Silver-level recognition under the RBA VAP.
5
The company provides paid parental leave in the U.S. that supplements state paid family leave benefits for eligible employees, ensuring 100% of normal wages, up to an annual cap, for up to eight weeks.
6
In China, employees receive 158 days of maternity leave, 15 days of paternity leave, and 10 days of annual parental leave for three years following a child's birth.
7

Fair Trade & Ethical Sourcing

0

No evidence available to assess Canadian Solar Inc. on Fair Trade & Ethical Sourcing.

Honest & Fair Business

0

No specific, concrete evidence was found in the provided articles to assess Canadian Solar Inc. against any of the KPIs for the 'Honest & Fair Business' ethical value. Information regarding regulatory fines, transparency index scores, whistleblower policies, financial restatements, audit coverage, ESG controversy scores, complaint resolution times, board conflict-free percentages, anti-corruption policies, or third-party verification of ethical claims was not available or did not directly map to the rubric's quantitative thresholds.

1

Kind to Animals

0

The provided articles for Canadian Solar Inc. focus on its renewable energy operations, ESG initiatives related to environmental footprint reduction, general supply chain ethics, and engagement with energy policy. There is no explicit evidence or data in any of the articles pertaining to animal welfare, cruelty-free certifications, animal testing, animal-derived ingredients, humane certifications for animal operations, or specific, measurable wildlife conservation impacts (e.g., species recovery, habitat restoration metrics).

1
Therefore, no KPIs under the 'Kind to Animals' value can be scored based on the provided information.

No War, No Weapons

0

No evidence available to assess Canadian Solar Inc. on No War, No Weapons.

Planet-Friendly Business

-50

In 2024, Canadian Solar's total Scope 1, 2 (market-based), and 3 greenhouse gas emissions were 28,917,962 tCO₂e.

1
The company is in the process of developing near-term and net-zero science-based climate targets.
2
In 2024, 34% of its operational energy consumption was sourced from renewables.
3
The waste diversion rate for 2024 was 94%.
4
In 2024, 38% of water withdrawal was sourced from water-stressed basins.
5
The company is adopting the Task Force on Climate-related Financial Disclosures (TCFD).
6

Respect for Cultures & Communities

0

No specific, concrete data points were found in the provided articles for any of the KPIs related to Respect for Cultures & Communities for Canadian Solar Inc.

1
The articles either focused on general industry guidelines, company overviews without relevant details, or employee reviews that did not address community engagement or cultural respect metrics. Therefore, no KPIs could be scored based on the evidence provided.

Safe & Smart Tech

-40

Canadian Solar Inc. conducts cybersecurity awareness training for its employees, including email phishing simulations, and delivers cybersecurity training to key IT staff.

1
All employees are required to comply with information security policies.
2
The company also mentions annual and quarterly training on data protection for specific functions.
3
For user data control, users have rights to access, update, rectify, restrict, port, withdraw consent, and request deletion of their data.
4
However, the company's privacy policy states that it cannot guarantee the security of personal information transmitted to websites.
5
Regarding data minimization, the company retains personal data for the entire time an account is open, or for a period considered necessary by applicable laws and reasonable business practices, and collects data such as name, contact details, IP address, and location data.
6
The company states it complies with GDPR and has a California Privacy Addendum, indicating compliance with CCPA.
7
It also mentions compliance with applicable laws for its residential storage privacy policy.
8
The company has a cybersecurity incident response plan and implements technologies to prevent incidents.
9
It collaborates with third-party cybersecurity professionals for security assessments, including penetration testing.
10
The company has not reported any incidents of unauthorized data use.
11

Zero Waste & Sustainable Products

20

Canadian Solar Inc. achieved a 94% waste diversion rate in 2024, an increase from 88% in 2023.

1
The company also reports 100% recycling or reuse of its packaging materials.
2
The provided articles state no regulatory actions, violations, fines, or compliance issues related to waste disposal were mentioned.
3

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.