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 have an SBTi-approved target of reducing scopes 1 and 2 GHG emissions by 19% by 2025. In FY2018, we achieved a 15% reduction in GHG emissions since the base year FY2017 through site energy-saving initiatives. Some 70% of the reduction, or about 63,000 tons, came from long-term contracts to purchase low-carbon electricity, primarily hydroelectric power in Japan. This boosted our percentage of renewable energy use from less than 1% to about 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.
Use of Renewable Energy Globally
Outside Japan, we already use renewable energy for the electricity used in production sites in the United Kingdom and the United States (Portland) and head office buildings of sales companies in Europe (Germany, Italy, Spain, and the Netherlands). Besides those, a new factory in Thailand features a large array of solar panels and is preparing to start operating them.
Epson will keep using the best power for each region and taking steps like production innovation to lower GHG emissions.