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Canadian Solar Releases 2023 Corporate Sustainability Report

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12 months ago

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GUELPH, ON, May 31, 2024 /PRNewswire/ — Canadian Solar Inc. (the “Company”, or “Canadian Solar”) (NASDAQ: CSIQ) today announced the release of its 2023 Sustainability Report. This report showcases the Company’s ongoing progress and achievements in its environmental, social, and governance (ESG) initiatives.

The sustainability disclosures in this report are aligned with global standards set by the SASB (the Sustainability Accounting Standards Board) and the Global Reporting Initiative (GRI), with reference to the IFRS (the International Financial Reporting Standards) set by ISSB (International Sustainability Standards Board). The full report is available here.

Highlights of the report include the following:

Significant reduction in the environmental impact of the Company’s operations: In 2023, Canadian Solar achieved year-over-year reductions in GHG emissions, energy, water, and waste intensities of 37%, 37%, 72%, and 54%, respectively. The Company also advocates for a circular economy and follows the 3R principles of reduce, reuse, and recycle across its operations and businesses. Canadian Solar remains on track to achieve its target of powering all global operations with 100% renewable energy by 2030.Ethical labor practices both across the Company’s own operations and within its supply chain: As a participant of the United Nations Global Compact (UNGC), Canadian Solar adheres to the UNGC’s ten principles on human rights, labor practices, environmental protection, and business ethics. To ensure the integrity of its operations and supply chain, the Company also engages with the Responsible Business Alliance (RBA) to conduct Validated Assessment Program (VAP) audits at its facilities and those of its suppliers. The RBA VAP audit is an industry-leading standard for on-site manufacturing evaluations, assessing labor practices, health and safety, environment, ethics, and management systems.Expanded disclosures and enhanced transparency: Canadian Solar introduced new disclosures highlighting the ESG strategies and practices of its subsidiaries, e-STORAGE and Recurrent Energy. By including key environmental metrics of e-STORAGE, the Company recognizes the crucial role battery energy storage plays in integrating renewable energy sources into the power grid, increasing global clean energy adoption. Meanwhile, Recurrent Energy is developing its own ESG program and plans to publish a standalone ESG report in 2025 based on 2024 data.Active promotion of diversity, equity, and inclusion (DE&I): Canadian Solar promotes DE&I to cultivate a productive workforce that provides diverse perspectives in decision-making processes. The Company advocates for equal pay and strives to ensure women receive equal compensation to men. In 2023, a gender pay analysis revealed that women at Canadian Solar earned 95% of what men earned, with the 5% gap deemed equitable.Exceptional external ESG recognitions and continued participation in international ESG initiatives: Canadian Solar has received numerous ESG ratings and awards from leading agencies worldwide, including ISS ESG, Environmental Finance, EcoVadis, the UNEF, Achilles, and Ernst & Young (EY). The Company has joined the Solar Stewardship Initiative (SSI) and will continue to participate in the UNGC and Carbon Disclosure Project’s (CDP) Climate Change Questionnaire in 2024. The Company is also developing its science-based climate targets in alignment with the Science Based Targets initiative (SBTi).

Ms. Hanbing Zhang, Chief Sustainability Officer, commented, “We are delighted to share our 2023 ESG report, which documents our ongoing journey and the incredible progress we have made as a clean energy company dedicated to sustainable practices. Despite significant production increases, we remain fully on track to meet our sustainability goals and targets, thanks to our ongoing technological and operational advancements. As we move forward, our focus remains on intensifying our ESG initiatives, leveraging innovative technologies, and further advancing our sustainability strategy.”

Dr. Shawn Qu, Chairman and CEO of Canadian Solar, added, “I am proud of our team’s accomplishments since we revamped our ESG strategy four years ago. As a clean energy company, we contribute to global decarbonization efforts. At Canadian Solar, we conduct business ethically; champion diversity, equity, and inclusion; and are committed to maintaining a responsible supply chain. Our culture and the collective efforts of our people form the foundation to our success. We will continue our ethical and sustainable practices and create value for our stakeholders.”

About Canadian Solar Inc.
Canadian Solar was founded in 2001 in Canada and is one of the world’s largest solar technology and renewable energy companies. It is a leading manufacturer of solar photovoltaic modules, provider of solar energy and battery energy storage solutions, and developer of utility-scale solar power and battery energy storage projects with a geographically diversified pipeline in various stages of development. Over the past 23 years, Canadian Solar has successfully delivered over 125 GW of premium-quality, solar photovoltaic modules to customers across the world. Likewise, since entering the project development business in 2010, Canadian Solar has developed, built, and connected over 10 GWp of solar power projects and 3.3 GWh of battery energy storage projects across the world. Currently, the Company has over 1.2 GWp of solar power projects in operation, 6.5 GWp of projects under construction or in backlog (late-stage), and an additional 19.8 GWp of projects in advanced and early-stage pipeline. In addition, the Company has 600 MWh of battery energy storage projects in operation and a total battery energy storage project development pipeline of around 56 GWh, including approximately 4.3 GWh under construction or in backlog, and an additional 51.6 GWh at advanced and early-stage development. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the 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 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, regulatory and economic conditions and the state of the solar and battery storage market and industry; geopolitical tensions and conflicts, including impasses, sanctions and export controls; volatility, uncertainty, delays and disruptions related to the COVID-19 pandemic; supply chain disruptions; 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., China, Brazil and Europe; changes in effective tax rates; changes in customer order patterns; changes in product mix; changes in corporate responsibility, especially environmental, social and governance (“ESG”) requirements; capacity utilization; level of competition; pricing pressure and declines in or failure to timely adjust average selling prices; delays in new product introduction; delays in utility-scale project approval process; delays in utility-scale project construction; delays in the completion of project sales; continued success in technological innovations and delivery of products with the features that customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange and inflation rate fluctuations; litigation and other risks as described in Canadian Solar’s filings with the Securities and Exchange Commission, including its annual report on Form 20-F filed on April 26, 2024. Although Canadian Solar and Recurrent Energy believe 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 and Recurrent Energy undertake no duty to update such information, except as required under applicable law.

Canadian Solar Inc. Investor Relations Contact 
Wina Huang
Investor Relations
Canadian Solar Inc.
investor@canadiansolar.com  

View original content:https://www.prnewswire.com/news-releases/canadian-solar-releases-2023-corporate-sustainability-report-302160531.html

SOURCE Canadian Solar Inc.

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Technology

Fresh Technology Launches “On the Fly” App to Help Restaurants Improve Kitchen Performance in Real Time

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3 hours ago

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May 17, 2025

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New mobile app debuts at National Restaurant Association Show; brings KDS data to life with simple, actionable scoring for operators on the move

CHICAGO, May 17, 2025 /PRNewswire-PRWeb/ — Fresh Technology, the company behind Fresh KDS, today announced the launch of “On The Fly”, a new mobile app that gives restaurant operators a real-time kitchen score powered by actual KDS performance data. The app will debut at the National Restaurant Association Show in Chicago, where Fresh Technology is exhibiting for the first time.

Fresh KDS On The Fly puts the most important insights in the palm of your hand, where operators actually need them. It’s about turning complex data into immediate action.

Built to work seamlessly with Fresh KDS, “On The Fly” tracks speed of service, consistency, and kitchen activity to generate a simple, dynamic score that helps operators understand how their kitchen is performing—at a glance, from anywhere.

 

“Most kitchen data today is locked away in dashboards or buried in spreadsheets,” said Shaun Shankel, CEO of Fresh Technology. “On The Fly puts the most important insights in the palm of your hand, where operators actually need them. It’s about turning complex data into immediate action.”

The app is designed for everyone from single-store owners to multi-unit operators. Independent operators often don’t have the time or resources for deep data analysis. “On the Fly” gives them instant clarity, helping them spot issues and make improvements on the fly—no analyst required. At the same time, larger restaurant groups can use the app to push performance visibility and accountability all the way to the store level, bridging the gap between their analytics teams and front-line managers.

Fresh Technology sees “On the Fly” as the first in a series of tools aimed at redefining what a KDS can do. While most native KDS solutions focus solely on routing tickets, Fresh is using its platform to unlock deeper operational insights and deliver more value through data.

“Our goal is to move beyond the basics of ticket handling and help restaurants actually improve how they operate,” said Shankel. “By making data more accessible, understandable, and actionable, we can give operators a real edge—regardless of size.”

Visit Fresh Technology at Booth 8331

NRA Show attendees can demo “On the Fly” and see how it integrates with Fresh KDS at Booth 8331 in the tech pavilion. The app is now available to all Fresh KDS users via iOS and Android.

About Fresh Technology

Fresh Technology is the creator of Fresh KDS, a cloud-first kitchen display system used by thousands of restaurants nationwide. Known for its ease of use, reliability, and POS-agnostic design, Fresh KDS helps independent and multi-unit restaurants run faster, more consistent kitchens. Fresh Technology is committed to unlocking the power of kitchen data to help operators thrive.

Media Contact

David Corts, Fresh KDS, 1 615-480-4989, dcorts@freshtechnology.com, https://www.fresh.technology

View original content to download multimedia:https://www.prweb.com/releases/fresh-technology-launches-on-the-fly-app-to-help-restaurants-improve-kitchen-performance-in-real-time-302456182.html

SOURCE Fresh KDS

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LaVivid Unveils Seamless Custom Hair System Experience: A Journey from Vision to Confidence

Published

5 hours ago

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May 17, 2025

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LaVivid unveils a transformative custom hair system experience, blending artistry and innovation to restore confidence. Discover the journey from vision to reality.

CHINO, Calif., May 17, 2025 /PRNewswire-PRWeb/ — In an era where personal expression and self-confidence are paramount, LaVivid redefines the hair replacement industry with its bespoke hair system solutions. More than a product, a LaVivid custom hair system is a transformative experience designed to restore confidence, authenticity, and the freedom to embrace one’s true self. Today, the brand unveils its meticulously crafted process—from initial consultation to doorstep delivery—proving why it stands as a global leader in premium hair solutions.

“A custom hair system should never be a compromise—it’s a masterpiece you live in.” – LaVivid Chief Experience Officer

The LaVivid Promise: Where Artistry Meets Individuality

At LaVivid, we recognize that hair loss is deeply personal. Our mission transcends aesthetics; we deliver empowerment through hyper-personalized craftsmanship, cutting-edge materials, and unwavering customer care. Each custom order is a collaboration, ensuring every client receives a hair system that feels as natural as their own hair—because confidence begins with authenticity.

Step 1: Collaborative Design – Your Vision, Perfected

Beyond Transactions: A Partnership in Creation

The journey begins with an immersive consultation tailored to your unique needs. Clients may submit requests via LaVivid’s Custom Order Portal or connect directly with our hair experts. This dialogue ensures every detail aligns with your lifestyle, preferences, and aspirations.

Base Selection

Breathable lace? Undetectable thin skin? A hybrid for versatility? Our specialists guide you through material options, balancing comfort, durability, and realism.

Hair Customization

From jet-black waves to salt-and-pepper curls, we offer:

• 100% Remy Human Hair: Ethically sourced, handpicked for texture and luster.

• Tailored Color Blending: Precision-matched hues, including balayage, highlights, or natural graying patterns.

• Styling Flexibility: Straight, wavy, or curly—crafted to mirror natural growth patterns.

Final Approval

Clients receive a detailed quote, a visual mockup, and a secure payment link. Once confirmed, production begins with a clear timeline provided. Most custom orders can be completed within 4–5 weeks, thanks to the dedicated custom hair system team at the LaVivid factory.

Step 2: Artisan Craftsmanship – Precision in Every Strand

Custom-Fit Systems: The Signature Mold Process

For thin skin or full-cap systems requiring anatomical accuracy, LaVivid employs its proprietary mold technology:

1. Scalp Impression Kit: Easy-to-use templates ensure precise measurements.

2. Hand-Sculpted Perfection: Artisans create plaster molds for millimeter-perfect fit.

3. Secure Archiving: Molds are stored indefinitely, expediting future orders.

Behind the Scenes: Meticulous Handcrafting

• Base Construction: Medical-grade, hypoallergenic materials are double-layered for durability and comfort.

• Knot-by-Knot Artistry: Each strand is hand-tied to replicate natural follicular distribution—a process requiring weeks but guaranteeing undetectable realism.

• Styling Mastery: Hair direction and density are calibrated for seamless integration with existing hair.

Step 3: Rigorous Quality Assurance – Excellence Guaranteed

Every LaVivid hair system undergoes a 12-point inspection:

✓ Knot integrity and tension testing

✓ Density verification for natural movement

✓ Base durability and fit validation

✓ Final styling and conditioning

Only after surpassing these benchmarks is your system gently cleansed, styled, and prepared for shipment.

Step 4: Delivery & Lifelong Support – Confidence, Delivered

Upon arrival, clients unbox:

• Your Custom Masterpiece: Ready-to-wear, pre-styled for immediate use.

• Expert Care Guide: Prolong longevity with tailored maintenance tips.

• Dedicated Support: 24 access online customer services and hair system experts for 1-on-1 consultations.

The LaVivid Advantage

• Effortless Reorders: Archived molds enable one-click repeat purchases.

• End-to-End Guidance: From installation to styling, our experts empower you at every step.

• Sustainable Confidence: Designed to last, our systems empower you to live boldly—rain, sweat, or shine.

A New Chapter of Confidence Begins Today

“A custom hair system should never be a compromise,” LaVivid’s Chief Experience Officer. “We merge artisanal tradition with innovation to create solutions that aren’t just worn—they’re lived in.”

Begin Your Transformation

Visit [LaVividhair.com/Custom-Order] to start your journey. For inquiries, contact our hair experts at support@lavividhair.com or 1-833-879-0279.

About LaVivid

LaVivid is a global leader in premium non-surgical hair replacement solutions, serving clients across 30+ countries. Renowned for its handcrafted systems and client-centric ethos, the brand empowers individuals to reclaim their narrative through hair that looks, feels, and moves authentically.

Media Contact:

Lisa Liu

LavividHair Manager

LaVivid Hair Systems

service@lavividhair.com

1-833-879-0279.

https://www.lavividhair.com/

View original content to download multimedia:https://www.prweb.com/releases/lavivid-unveils-seamless-custom-hair-system-experience-a-journey-from-vision-to-confidence-302456478.html

SOURCE LaVivid

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Technology

Trensor Breaks Ground on First Factory in Malaysia

Published

6 hours ago

on

May 17, 2025

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SEBERANG PERAI, Malaysia, May 17, 2025 /PRNewswire/ — Trensor Electronics Sdn Bhd, the Malaysian subsidiary of Trensor Co Ltd—a leading manufacturer of automotive pressure sensors—held a groundbreaking ceremony to mark the commencement of construction on its new manufacturing plant at the Penang Technology Park @Bertam in Penang, Malaysia.

The new plant—a four-storey facility with an approximate floor area of 10,000 square meters and an estimated investment of RM100 million—is expected to begin mass production of automotive pressure sensors before Q2 2026. At full capacity, it will employ over 200 workers and generate more than RM200 million in annual sales. Trensor has also reserved space on its current land lots to accommodate future expansions.

The ceremony was attended by YAB Chow Kon Yeow, the Chief Minister of Penang, YB H’ng Mooi Lye, the Penang State Executive Councillor (EXCO) for Local Government and Town&Country Planning, as well as representatives from various local organizations, including the Malaysian Investment Development Authority (MIDA), Northern Corridor Implementation Authority (NCIA) and InvestPenang.

In his speech, YAB Chow Kon Yeow welcomed Trensor’s entry into Penang’s vibrant industrial ecosystem and emphasized its role in strengthening the state’s electrical and electronics value chain, particularly in automotive electronics.

Zhou Wenbo, General Manager of Trensor Electronics Sdn Bhd, stated: “The decision by Trensor Co Ltd to establish its first-ever overseas factory in Penang, Malaysia, was driven by the state’s world-class infrastructure, business-friendly governance, high quality of life, cultural affinity, and abundant pool of high-tech talent attracted to the ‘Silicon Valley of the East’.”

“MIDA, InvestPenang, the Seberang Perai City Council, and all local authorities have provided strong support in helping Trensor turn its globalization strategy into a concrete reality today,” Zhou added.

Trensor Co Ltd specializes in the development and manufacture of automotive pressure sensors, ranking highly in annual output, automation, and vertical integration. Its world-class products are included in the procurement systems of major global automakers such as Ford and Geely, as well as Tier 1 suppliers like Cummins and Hanon Systems. Approximately 60% of the company’s revenue is derived from exports, primarily to North America and Europe. Its pressure sensors are also used in the air conditioning systems of Perodua vehicles.

The Penang facility will support Trensor’s strategic expansion into Southeast Asia’s growing automotive markets and beyond.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/trensor-breaks-ground-on-first-factory-in-malaysia-302458329.html

SOURCE Trensor Co., Ltd

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