SEKISUI CHEMICAL joining the International Initiative "RE100"
Aug 27, 2020
SEKISUI CHEMICAL CO., LTD.
SEKISUI CHEMICAL CO., LTD.(President: Keita Kato / hereinafter, “SEKISUI CHEMICAL”) has joined the international initiative RE100*1 aiming to achieve 100% renewable electricity used in its business activities by 2050. Also, SEKISUI CHEMICAL will work to reduce greenhouse gas emissions by 26% by fiscal year 2030 from fiscal year 2013, by converting 100% of purchased electricity to renewable energy.
In April 2020, SEKISUI CHEMICAL Group created a new long-term vision, “Vision 2030” with a view for the next 10 years. In that vision, the vision statement, "Innovation for the Earth: In order to realize sustainable society, we support the basis of LIFE and will continue to create ‘peace of mind for the future’” was announced. Aiming to realize this ideal, we are working on innovation and creation centered on ESG management. Under this direction, climate change is one of the priority issues to be addressed in the medium-term environmental plan "SEKISUI Environmental Sustainable Plan Accelerate II" (FY2020-22). We recognize that climate change issues are not only a major social issue but also a major risk for the Group. To accelerate society's efforts to help resolve this issue, the Group will join “RE100” and promote activities in cooperation with member companies and organizations.
Going forward, there are two approaches to converting to renewable energy: (1) purchasing surplus power from customers who own Sekisui Heim equipped with solar panels by using the service “Smart Heim Denki” started in April 2019, and distribute the surplus energy to domestic factories; (2) thorough energy saving and promote the procurement of renewable energy power after reducing the amount of purchased power, and also promoting other in-house use renewable energy power sources. Through these initiatives, we will convert 100% of the purchased power to renewable energy by 2030, and further reduce greenhouse gas emissions from all energy sources including cogeneration power generation systems used in our business activities by 2050 to achieve zero emission.
By contributing to the resolution of climate change issues, SEKISUI CHEMICAL Group will convert major risks into opportunities, aim to realize a sustainable society, and grow as a sustainable company.
*1） What is RE100
RE100 is a global initiative led by The Climate Group in partnership with CDP, bringing together the world’s most influential businesses committed to 100% renewable power.
Since April 2017, JCLP has been The Climate Group's regional delivery partner on RE100, EP100 and EV100 initiatives in Japan.
About SEKISUI CHEMICAL Group
Headquartered in Japan, SEKISUI CHEMICAL CO., LTD. (TSE: 4204) and its subsidiaries make up the SEKISUI CHEMICAL Group. 27,000 employees in over 200 companies throughout 21 countries and regions aim to contribute to improving the lives of the people of the world and the earth’s environment. Thanks to a history of innovation, dedication and a pioneering spirit, SEKISUI CHEMICAL now holds leading positions in its three diverse business divisions as well as top global market share in interlayer film, foam products, conductive particles and more.
Since its foundation in 1947, the SEKISUI CHEMICAL Group has dedicated itself to social and environmental contribution and is now an internationally recognized leader in sustainability and environmental initiatives, having recently been selected as one of the Global 100 most sustainable companies. SEKISUI CHEMICAL Group will continue to maintain a strong corporate presence for 100 years and beyond.
SEKISUI CHEMICAL CO., LTD.
Public Relations Department
This press release may contain forward-looking statements. Such forward-looking statements are based on current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements due to changes in global economic, business, competitive market and regulatory factors.