Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Action
• Community Development
• Ethics & Anti-Corruption
• Environmental Stewardship
• Safe & Healthy Workplace

Environmental Achievements

• Operating solar projects offset thousands of tonnes of CO2, NOx, and CH4 emissions.
• Distribution of solar-powered lights offset approximately 2,260 tonnes of CO2 emissions.

Social Achievements

• Provided solar lights to the Mufindi Orphans Project in Tanzania.
• Announced plan to gift two million SkyPower Home solar systems to families across Kenya.
• Partnership with Sachigo Lake First Nation to develop utility-scale solar photovoltaic projects in Ontario, Canada.
• Commitment to provide a renewable energy scholarship program at three leading universities in India.

Governance Achievements

• Provided mandatory anti-corruption training to all team members globally.
• All suppliers, partners, and service providers are required to sign an undertaking to conduct business ethically.
• Became a Corporate Supporter of Transparency International Canada.

Climate Goals & Targets

Supply Chain Management

Supplier Audits: 83% of suppliers hold certifications (e.g., ISO 9001, ISO 18001, ISO 14001, ISO 50001, ISO 12100, ISO 17025)

Responsible Procurement

• Working with third parties who hold certifications or have made commitments to corporate social responsibility (CSR).

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact, Caring for Climate initiative, ISO 26000:2010

UN Sustainable Development Goals

• Goal 3
• Goal 4
• Goal 7
• Goal 8
• Goal 9
• Goal 11
• Goal 13
• Goal 17

SkyPower's work directly advances the SDGs through various initiatives.

Sustainable Products & Innovation

• SkyPower Home solar systems

Awards & Recognition

• 2016 Local SDG Pioneer for Climate Action
• Canadian SDG Award from the UN Global Compact Network Canada

Environmental Metrics

ESG Focus Areas

• Climate Action
• Energy Poverty
• Education

Environmental Achievements

• Developed over 30 utility-scale solar parks in operation worldwide
• Over 25,000 MW of utility-scale solar projects at various stages of development & construction
• Billions of kWh of clean electricity generated

Social Achievements

• SkyPower projects will create over 35,000 job years
• Donation of solar equipment to residents of Puerto Rico as part of Hurricane Maria relief efforts
• Completed Anti-Corruption Training for global team members
• Launched innovative new Solar Deployment initiative
• Focus on advancing the lives of youth by providing unique, educational offerings in the form of grants and innovation certificates

Governance Achievements

• Mandatory anti-corruption training provided to all employees
• Membership as a Corporate Supporter to Transparency International Canada
• Commitment to respecting and upholding internationally proclaimed human rights, taking a zero tolerance approach to corruption and working with partners and suppliers who follow the same set of standards

Climate Goals & Targets

Environmental Challenges

• Climate change and its effects
• Energy poverty in many parts of the world

Mitigation Strategies

• Development and deployment of revolutionary advancements in renewable energy like solar technology
• Working with world leaders, global financial institutions and local communities to produce hundreds of millions of kWh of green electricity, each and every year.

Supply Chain Management

Responsible Procurement

• Working with partners and suppliers who follow the same set of standards as SkyPower

Climate-Related Risks & Opportunities

Opportunities

• Harnessing the power of the sun to generate clean energy

Reporting Standards

Frameworks Used: UN Global Compact, Sustainable Development Goals (SDGs), Caring for Climate

UN Sustainable Development Goals

• Sustainable Development Goals (SDGs)

SkyPower's actions are aligned with the UN's Sustainable Development Goals

Awards & Recognition

• Kerry Adler was recognized as the inaugural UN SDG Pioneer for Climate Action and Canadian SDG Awards

Environmental Metrics

ESG Focus Areas

• Climate Change
• Clean Energy
• Social Development
• Human Rights
• Labor Standards
• Anti-Corruption
• Corporate Governance
• Diversity & Inclusion

Environmental Achievements

• Developed and operated utility-scale solar PV energy projects globally, contributing to reduced carbon emissions and increased renewable energy share.
• Implemented responsible development practices to minimize environmental impact and protect biodiversity.

Social Achievements

• Created thousands of jobs and stimulated economic growth in project regions.
• Provided education, training, and skills development programs for local communities.
• Engaged with local communities to ensure projects align with their needs and priorities.
• Implemented a 'People-First' approach to PPP initiatives.

Governance Achievements

• Implemented a Code of Business Ethics and anti-corruption policies.
• Adhered to high standards of corporate transparency.
• Established and enhanced guidelines for understanding conduct in alignment with ISO 26000 Standards.
• Implemented internal due diligence processes.

Climate Goals & Targets

Environmental Challenges

• Addressing the global climate crisis and the need for unprecedented change in energy production and consumption.

Mitigation Strategies

• Developing, building, financing, owning, and operating utility-scale solar projects globally.
• Partnering with governments, utilities, and financial institutions to scale up renewable energy deployment.
• Implementing sustainable business practices and aligning with the UN Global Compact and SDGs.

Supply Chain Management

Responsible Procurement

• Utilizing locally sourced materials and labor
• Engaging suppliers to improve sustainability

Climate-Related Risks & Opportunities

Opportunities

• Development of renewable energy projects

Reporting Standards

Frameworks Used: UN Global Compact

UN Sustainable Development Goals

• SDG 7 (Affordable and clean energy)
• SDG 13 (Climate action)

SkyPower's solar PV energy projects directly impact 13 out of the 17 Global Goals (SDGs) through its ‘People First’ approach to project development and corporate sustainability.

Awards & Recognition

• Most Sustainable Organization
• CEO of the Year, Who Believes in the Spirit of Giving
• Family Office Social Responsibility 2019 Award
• Canada Arab Business Council Recognition Award

Environmental Metrics

ESG Focus Areas

• Climate Change
• Energy Transition
• Social Equity
• Governance

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Misalignments between renewable energy support policies and power system structures.
• Wholesale market pricing not suitable for renewable-based power systems.
• Misalignment of cost, price, and value of electricity.
• Load defection and social inequalities due to retail tariff structures.

Mitigation Strategies

• Dual-market design proposal (energy market and delivery market).
• Value-based auctions.
• Reformed wholesale markets with flexibility procurement.
• Retail tariff redesign with value-of-service approach.
• Increased collaboration among stakeholders.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

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

The report focuses on the energy transition to renewable energy sources, directly contributing to these goals.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed