TOKYO, Japan – Seiko Epson Corporation will become, on November 1, the first1 in the Japanese manufacturing industry to convert to 100% renewable electricity for all of its domestic sites2, for a total of 530 GWh per year. As a result, Epson will reduce its annual carbon dioxide emissions by approximately 250,000 tonnes.
With COP26 approaching and great global interest in societal issues, particularly those relating to the environment and energy, Epson has established and is pursuing a new long-term environmental management policy called Environmental Vision 2050 To achieve the decarbonisation target set out in the Paris Agreement, Epson has positioned the use of renewable electricity as a priority action in its scenario of achieving the science targets 2025.3 In March 2021, with the intention of s’ fulfilling its responsibility to society, Epson has announced that all of the Epson group’s global sites2 will meet all of their energy needs with 100% renewable electricity by 2023. This will allow the Epson group to phase out every year around 350,000 tonnes of carbon dioxide from its power generation worldwide.
Epson had planned to convert to renewable electricity at all of its domestic sites by the end of fiscal 2021 (ending March 2022), but will do so sooner than expected, taking an important step on the road to the transition to 100% renewable electricity for all of the group’s energy needs. As a result, Epson expects that it will be able to meet approximately 40% of the Group’s total annual electricity needs with renewable electricity in fiscal 2021.
Steps to meet the Epson Group’s total electricity needs with 100% renewable electricity
April 1, 2021
All Nagano Prefecture sites, where many Epson sites are located
November 1, 2021
All locations in Japan (initially scheduled for March 2022)
All Epson locations around the world
As stated in Epson’s Environmental Vision 2050, Epson seeks to become carbon negative and without underground resources4. As a result, the company will invest around 100 billion yen in decarbonization, closing the resource loop and developing environmental technologies over the next 10 years through 2030. Epson will focus most of its management resources on the development of products and services which contribute to reducing environmental impacts and which also contribute to reducing the environmental impacts of its customers.
By converting to renewable electricity earlier than expected, Epson will not only meet its own environmental goals, but will also help encourage the diffusion of renewable electricity throughout society as a whole.
1 Among the Japanese companies that joined the RE100. Research by Epson as of October 27.
2 Excludes leased properties from certain sales sites etc.
3 Objective validated by the SBT Initiative of reducing GHG emissions of scopes 1 and 2 by 19% compared to the levels of the 2017 financial year by 2025. (The actual reduction during the 2020 financial year was 21%)
4 Free from non-renewable resources such as petroleum and metals