Potential offtaker

Fast Retailing Co., Ltd.

www.fastretailing.com

Estimated electricity consumption

N/A

Countries of production presence

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FAST RETAILING CO., LTD. is a Japanese company that operates in the family clothing stores sector. It was founded in 1963 by Tadashi Yanai and is headquartered in Yamaguchi, Japan. The company is known for its flagship brand, UNIQLO, which is a global fashion retailer that offers high-quality, affordable clothing for men, women, and children.

FAST RETAILING CO., LTD. is committed to sustainability and has set ambitious targets to reduce its carbon footprint. The company has pledged to achieve carbon neutrality by 2050 and is working towards decarbonisation by investing in renewable energy and energy-efficient technologies.

One of the ways that FAST RETAILING CO., LTD. is reducing its carbon footprint is through corporate energy procurement. The company has signed several corporate power purchase agreements (PPAs) with renewable energy providers to ensure that its operations are powered by clean energy. In 2020, the company signed a PPA with a wind power plant in Hokkaido, Japan, which will supply the company with 50,000 MWh of renewable energy per year.

FAST RETAILING CO., LTD. is also investing in renewable energy projects to generate its own clean energy. In 2019, the company installed a 1 MW solar power system at its Ariake distribution center in Tokyo, which is expected to generate 1,200 MWh of renewable energy per year. The company has also installed solar panels at its stores in Japan, China, and the United States.

In addition to investing in renewable energy, FAST RETAILING CO., LTD. is implementing energy-efficient technologies to reduce its energy consumption. The company has installed LED lighting at its stores, which is expected to reduce energy consumption by 30%. The company is also using energy-efficient air conditioning systems and implementing energy management systems to monitor and control energy use.

FAST RETAILING CO., LTD. is committed to reducing its greenhouse gas emissions throughout its supply chain. The company is working with its suppliers to improve their environmental performance and has set a target to reduce the carbon footprint of its products by 30% by 2030. The company is also implementing circular economy initiatives to reduce waste and promote resource efficiency.

In conclusion, FAST RETAILING CO., LTD. is a Japanese company that operates in the family clothing stores sector. The company is committed to sustainability and is working towards decarbonisation by investing in renewable energy and energy-efficient technologies. The company has signed several corporate PPAs with renewable energy providers and is investing in renewable energy projects to generate its own clean energy. The company is also implementing energy-efficient technologies and working with its suppliers to reduce its greenhouse gas emissions throughout its supply chain. FAST RETAILING CO., LTD. is a leader in sustainable fashion and is setting an example for other companies in the industry to follow.

✓ Science Based Targets member
✓ Declared Net Zero commitment