Climate Change Data

Canadian Solar Infrastructure Fund, Inc.

Climate Impact & Sustainability Data (2019-01 to 2019-06, 2022)

Reporting Period: 2019-01 to 2019-06

Environmental Metrics

ESG Focus Areas

  • Responsible Investment

Social Achievements

  • Canadian Solar Asset Management K.K. became a signatory to the UN PRI (United Nations-backed Principles for Responsible Investment Initiative).

Climate Goals & Targets

Medium-term Goals:
  • Achieve ¥100Bn in asset size

Environmental Challenges

  • Curtailment of power generation due to inspections of Kyushu Electric Power’s nuclear power plants.
  • Potential impact from FIT (Feed-in Tariff) revision.
Mitigation Strategies
  • Actual power generation exceeded forecasts, limiting the impact of curtailment.
  • Existing portfolio and pipeline assets are unaffected by the FIT revision.
  • Acquisition strategy continues to factor in impacts to dividend yield.

Supply Chain Management

Climate-Related Risks & Opportunities

Transition Risks
  • FIT revision

Reporting Standards

Frameworks Used: UN PRI

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Environmental Impact Management
  • Human Capital Development
  • Occupational Health and Safety
  • Human Rights and Diversity & Inclusion
  • Corporate Governance
  • Risk Management and Compliance
  • ESG Information Disclosure and Transparency

Environmental Achievements

  • Reduced CO2 emissions by 359,637,483 kg over the past five years through electricity generation at owned solar power plants.
  • Achieved reductions in industrial water usage, greenhouse gas emissions, energy usage during production, and volume of industrial waste materials (by Canadian Solar Group, referenced in the report).

Social Achievements

  • Introduced a flextime system in April 2021.
  • Permanently implemented remote work.
  • Conducts employee engagement surveys every two years.
  • Certified as “a company that has excellent health management” by the Tokyo Federation of the National Federation of Health Insurance Societies in September 2022.

Governance Achievements

  • Canadian Solar Asset Management K.K. became a signatory to the UN PRI in August 2019.
  • Discloses information in line with TCFD recommendations.
  • Established a Sustainability Committee and other committees to oversee ESG matters.

Climate Goals & Targets

Long-term Goals:
  • Achieve carbon neutrality (target year not specified).
Medium-term Goals:
  • Increase AUM to 100 billion yen (acquisition price basis).
  • Increase female representation in global workforce to 40% and in middle management to 30% by 2026.
  • Increase the share of employees with special needs to 1-2% in 2026.
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Potential impacts of climate-related disasters on power plants (floods, high tides, wind damage).
  • Managing the phase-out of the FIT scheme and transition to the FIP scheme.
Mitigation Strategies
  • Scenario analysis conducted on climate-related risks and opportunities.
  • Installing online output curtailment systems to reduce electricity sales loss.
  • Integrating climate-related risk management into the existing Risk Management Regulations and Policy.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Increased severity of climate-related disasters (flood, high tide, wind damage)
Transition Risks
  • Changes in government decarbonization and energy policy measures.
Opportunities
  • Increased volume of electricity sales due to growing demand for renewables.

Reporting Standards

Frameworks Used: GRI Standards, TCFD Recommendations

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 13 (Climate Action)

Investments in renewable energy power generation facilities contribute to these goals.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed