Epson's initiatives to mitigate global warming revolve around reducing CO2 emissions by conserving energy, and reducing global emissions of greenhouse gases (GHG) other than CO2.
We set an SBTi-validated target of reducing scopes 1 and 2 GHG emissions by 19% compared to FY2017 by 2025. In FY2018, we made progress toward this target by achieving a 15% reduction in GHG emissions through energy-saving initiatives at each of our sites. A reduction of approximately 63,000 tonnes, representing 70% of the total, was realized in part by signing long-term contracts to purchase renewable energy from hydroelectric power generators and other green utilities. We have raised the rate of renewable energy use from less than 1% to approximately 12%.
Our energy use is expected to increase as we grow our business. However, we will achieve our target primarily through energy-saving initiatives, including production innovations, as well as by using low-carbon electricity.