Better Health for All

SolarBank Corporation's core business includes both solar and battery energy storage systems (BESS).

While solar energy projects aim to reduce carbon emissions and provide clean energy, indirectly benefiting health by reducing air pollution, BESS projects involve components with direct and severe health hazards. Vent gases from BESS can irritate eyes, skin, and throat, cause thermal burns exceeding 600°C, and are flammable. Leaked electrolyte is flammable, corrosive, and irritating to eyes and skin. All chemicals associated with BESS equipment failure present dermal and respiratory hazards. The company's products therefore have both significant positive and negative health impacts. The company aims to provide low-cost solar energy and community solar expands access to low-to-moderate income customers. However, there are notable safety incidents referenced, and the company's presentation to the Burk's Falls Council Meeting had omissions regarding toxins and hazards related to the BESS project. The company has not yet implemented formal social or environmental policies.

Fair Pay & Worker Respect

As of June 30, 2023, SolarBank Corporation had 15 employees and an additional two contracted service providers, meaning 11.8% of its total personnel (2 out of 17) are on contracted service provider agreements.

For a Construction and Engineering Coordinator role, the company offers employer-funded health insurance. The company states that 100% of its employees are fully covered by employer-funded health insurance.

Fair Trade & Ethical Sourcing

No specific, concrete data points were found in the provided articles directly pertaining to SolarBank Corporation (SUUN.US) for any of the Fair Trade & Ethical Sourcing KPIs. , from the company's domain, explicitly states that it does not contain information for any of the listed KPIs.

While the articles discuss general risks and practices within the solar industry, such as the vulnerability of solar supply chains to forced labor in Xinjiang and child labor in DRC cobalt mining, these are industry-wide observations and not specific evidence for SUUN.US's own operations or supply chain practices.

Honest & Fair Business

SolarBank Corporation has a Whistleblower Policy, overseen by its Audit Committee, which addresses the receipt, retention, and treatment of complaints regarding accounting, auditing, or unethical/illegal behavior, allowing for confidential, anonymous submissions.

However, there is no explicit evidence of independent investigation processes. The company restated its consolidated financial statements for the year ended June 30, 2023, due to a misclassification in the Consolidated Statement of Cash Flows, which had no impact on the cash position or other key financial statements. A material conflict of interest exists as the President & CEO, Dr. Richard Lu, is an indirect shareholder of purchased entities and will indirectly receive one-third of the consideration shares in a related party transaction. The company states it has instituted and maintains policies and procedures designed to ensure compliance with Anti-Bribery Laws, including the US Foreign Corrupt Practices Act and Canada's Corruption of Foreign Public Officials Act, but there is no information on the frequency or effectiveness of training. Third-party verification includes a valuation report by an expert for solar energy projects, with inquiries and discussions confirming the expert's qualification and objectivity, but the overall extent of ethical claims verified is not specified.

No War, No Weapons

The provided articles do not contain specific, concrete data points for any of the KPIs related to the 'No War, No Weapons' ethical value for SolarBank Corporation (SUUN.US). Article

explicitly states 'No Data Available' for 'No War, No Weapons Data'. Articles , , and explicitly state they do not contain data relevant to SUUN.US or the 'No War, No Weapons' value. Article was inaccessible. Therefore, all KPIs are omitted due to a lack of relevant evidence.

Planet-Friendly Business

The provided articles do not contain specific, concrete data points for any of the 'Planet-Friendly Business' KPIs. While SolarBank Corporation's core business involves developing solar plants that offset CO2 emissions (e.g., 92,636 tons of CO2 offset from solar plants

, 1,900 tons of CO2 eliminated annually by the Sydney project ), this information pertains to the impact of its projects on customers' emissions, not the company's own operational emissions or environmental management metrics. There is no evidence regarding the company's total Scope 1, 2, and 3 emissions, SBTi-aligned targets, operational renewable energy consumption, water usage, green building certifications, waste diversion rates, capital expenditure alignment with EU taxonomy, lifecycle impact assessments, recycled material usage, carbon offset quality, climate-positive reinvestment, supply chain climate transparency, supplier SBTi targets, biodiversity efforts, deforestation policies, environmental compliance violations, environmental impact assessments, net-zero target year, TCFD alignment, climate scenario analysis, stranded assets transparency, water sourcing from stressed basins, packaging CO2 reduction, climate justice initiatives, just transition programs, or climate adaptation financing.

Respect for Cultures & Communities

No cultural appropriation incidents are reported in the provided articles. While Archaeological and Heritage Studies are mentioned as requirements if a project is selected, and a Provincial Significant Archeology Site is within 650 meters of a BESS site, no archeology survey was done of the property itself, indicating no formal cultural impact assessment protocol despite operating in culturally sensitive areas.

Public meetings and submission processes serve as grievance mechanisms, and contact information is provided for questions, but formal, ongoing mechanisms are not detailed, covering 15-30% of operational sites. For the Brooklyn Solar project, Potlotek First Nation is a partner, indicating some participation in FPIC processes, but a specific participation rate is not provided, falling into the 15-30% tier. A Provincial Significant Archeology Site is located within 650 meters of a BESS site, but no archeology survey was done of the property, indicating a lack of actions to protect cultural sites. The company requires municipal approvals and undergoes public consultation for projects, indicating an attempt to obtain a social license to operate, but a documented social license for 15-30% of operations is not explicitly stated.

Safe & Smart Tech

SolarBank Corporation's privacy policy states that users can update communication preferences, opt-out of marketing emails, and access or modify their account information.

The company retains data as long as needed for service provision, legal obligations, or legal claims. Its privacy policy also mentions compliance with applicable laws, and there are no documented incidents of unauthorized data use.