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 FY2019, we achieved an 18% reduction in GHG emissions since the FY2017 base year through site energy-saving initiatives. Some 60% of the reduction, or about 62,000 tonnes, came from boosting our percentage of renewable energy use from less than 1% to about 12% (16% from electricity).
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
About 78% of Epson's GHG emissions come from the consumption of electricity. At home and abroad, we have increased the ratio of renewable electricity to 16% by selecting the optimal low-carbon electricity in each region, such as hydropower and wind power, and by actively investing in on-site electricity generation.
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, the Netherlands, and France). Besides those, a new factory in Thailand features a large array of solar panels and is preparing to start operating them.
Epson purchases 100 GWh of CO2-free electric power annually for use in Nagano Prefecture, the location of the majority of Epson’s business facilities in Japan. Effective from April 2020, 60% of this will be from local sources in Nagano. This is both reducing Epson's GHG emissions and increasing local consumption of locally produced energy.
Support for Recommendations to Expand the Use of Renewable Energy
The use of renewable energy (energy from natural sources) is one of the most effective ways to reduce GHG emissions. Accordingly, Epson is implementing plans to expand its use of renewable energy long-term. However, there are obstacles to expanding renewable energy use, including costs and supply limitations in some regions. Recognizing that there is nothing one company alone can do about these obstacles, Epson decided to declare its support for the important policy recommendations below as one solution. The realization of these recommendations will make it easier to take actions that minimize the impact on future climate change.
Coordinated global action is essential to combat climate change. We at Epson will therefore continue our efforts toward decarbonization, including by supporting future such recommendations.
- Renewable Energy Institute
- CDP Worldwide-Japan
- WWF Japan
Making Japan a Nation where Renewable Electricity is Easily Accessed: Three Strategies and Nine Policies Sought by Corporations Engaged in Climate Action