#Japan #Renewable Energy #Net Zero #Chuo-ku, Tokyo #Seiko Group

Seiko Group's Commitment to Renewable Energy

In a significant move towards sustainability, Seiko Group Inc., led by its Chairman and Group CEO Shinji Hattori, announced its ambitious goal to transition all domestic power usage to renewable energy by March 2025. This initiative aligns with the company’s broader commitment to achieve net-zero greenhouse gas emissions by 2050.

Aiming for Net-Zero

Seiko Group's dedication to reducing its environmental impact is rooted in its 'net-zero' objective. The company aims to eliminate all emissions related to its business operations by mid-century. This goal is being pursued through a robust decarbonization strategy that encompasses energy saving across the group and the adoption of renewable energy sources such as solar power.

As part of this transition, Seiko Group is implementing several measures, including installing solar panels, introducing on-site and off-site Power Purchase Agreements (PPAs), and switching to renewable energy contracts. The use of tracking non-fossil certificates for certain tenants further supports the company’s commitment, ensuring that all electricity consumed is derived from renewable sources.

With these strategies in place, Seiko Group successfully transitions its domestic electricity consumption to a remarkable 100% renewable energy. This accomplishment is expected to result in a reduction of approximately 34,000 tons of carbon dioxide emissions per year based on the group's annual electricity consumption of about 81 GWh.

Future Goals

Looking ahead, Seiko Group plans to extend this commitment beyond Japan. By the fiscal year 2040, the group aims to ensure that all its global operations are powered by renewable energy as part of its sustained efforts to minimize greenhouse gas emissions. The company recognizes its role in fostering a sustainable society and is actively working towards achieving this vision.

Seiko Group’s actions exemplify how corporate responsibility can play a crucial role in combating climate change. The shift to renewable energy not only contributes to environmental sustainability but also presents an opportunity for businesses to lead by example. As more companies embrace similar initiatives, the collective impact could be transformative in addressing the global climate crisis.

In conclusion, Seiko Group's transition to 100% renewable energy for domestic operations sets a benchmark for other corporations. Their strategic investments in sustainable practices not only contribute to their business but also significantly aid in the push for a greener planet. By committing to such aspirational goals, Seiko Group reinforces its position as a leader in sustainability, setting a powerful precedent that inspires others in the industry to follow suit.