Ïã½¶ÊÓÆµ Announces Full Switchover to Real CO2-free Electricity at Tokyo Head Office

December 17, 2019

Ïã½¶ÊÓÆµ (headquartered in Minato-ku, Tokyo; Yoshihisa Suzuki, President & COO; hereinafter ¡°Ïã½¶ÊÓÆµ¡±) announced today that it will switch the electricity used at its Tokyo Head Office building to real CO2-free electricity as part of its ¡°RE100 commitment,¡± starting from electricity for January 2020.
Ïã½¶ÊÓÆµ will source its real CO2-free electricity, together with a Non-Fossil Fuel Energy Certificate(*) showing the environmental value of not emitting CO2, from TEPCO Energy Partner, Incorporated (headquartered in Chuo-ku, Tokyo; Nobuhide Akimoto, Representative Director & President), which supplies electricity to the Tokyo Head Office. The Non-Fossil Fuel Energy Certificate includes the tracking information (information about type of energy sources and power plant location) of Maebashi Biomass Power Plant (Maebashi, Gunma Prefecture), which is operated by a subsidiary of Kandenko Co., Ltd. (headquartered in Minato-ku, Tokyo, Morito Yoshimi, President), and will be used at the Tokyo Head Office building in combination with purchased electricity.

This initiative can also be used to prove compliance with ¡°RE100,¡± a global initiative of businesses committed to 100% renewable electricity, in response to the global trend towards decarbonization.

In April 2018, Ïã½¶ÊÓÆµ identified material sustainability issues(Materiality)that incorporate an ESG (Environmental, Social and Governance) perspective and put forth ¡°Address climate change (contribution to realization of low-carbon society)¡± as one of these.

Ïã½¶ÊÓÆµ is involved in a variety of concrete initiatives in this area including solar power, wind power and other renewable power generation and power storage-related projects, and EV and LNG projects.

Furthermore, in February 2019, Ïã½¶ÊÓÆµ announced its ¡°Policy on Coal-fired Power Generation Business and Thermal Coal Mining Business,¡± and its short-term business plan for FY2019 included the establishment of a ¡°target for reducing CO2 emissions throughout the Group and across its supply chain.¡± Additionally, in May 2019, Ïã½¶ÊÓÆµ announced its support for the TCFD (Task Force on Climate-related Financial Disclosures) and Ïã½¶ÊÓÆµ has since implemented advanced initiatives related to climate change, including scenario analysis in line with TCFD recommendations. The goal of making the Tokyo Head Office real CO2-free electricity is in keeping with this trend and is one of Ïã½¶ÊÓÆµ¡¯s concrete initiatives for reducing greenhouse gas emissions.

  • *Non-Fossil Fuel Energy Certificate
    Certificate for trading the ¡°non-fossil fuel energy value¡± of electricity generated using ¡°non-fossil sources (electricity generating methods),¡± without using fossil fuels such as oil and coal.

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