Potential offtaker

Furukawa Electric Co., Ltd.

www.furukawa.co.jp

Estimated electricity consumption

N/A

Countries of production presence

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Furukawa Electric Co., Ltd. is a Japanese company that operates in the electrical components sector. The company was founded in 1884 and has since grown to become a global leader in the industry. Furukawa Electric is committed to sustainability and has been actively working towards decarbonisation and the use of renewable energy sources.

Decarbonisation is a key focus for Furukawa Electric, and the company has set ambitious targets to reduce its carbon footprint. The company has pledged to reduce its greenhouse gas emissions by 30% by 2030, compared to its 2013 levels. To achieve this goal, Furukawa Electric is implementing a range of measures, including energy-efficient technologies, renewable energy sources, and carbon offsetting.

One of the ways Furukawa Electric is reducing its carbon footprint is through the use of corporate energy. Corporate energy is a term used to describe the energy generated by a company's own facilities, such as solar panels or wind turbines. By generating its own energy, Furukawa Electric is reducing its reliance on fossil fuels and lowering its carbon emissions.

In addition to corporate energy, Furukawa Electric is also using corporate power purchase agreements (PPAs) to increase its use of renewable energy. A corporate PPA is a contract between a company and a renewable energy provider, in which the company agrees to purchase a certain amount of renewable energy over a set period of time. By using corporate PPAs, Furukawa Electric is able to increase its use of renewable energy and reduce its carbon footprint.

Furukawa Electric is also investing in renewable energy projects around the world. The company has invested in solar and wind projects in Japan, as well as in the United States, Canada, and Europe. These investments not only help to reduce the company's carbon footprint, but also contribute to the development of renewable energy infrastructure around the world.

In addition to its commitment to sustainability, Furukawa Electric is also focused on innovation and technology. The company has a strong research and development program, and is constantly working to develop new and innovative products. Furukawa Electric's products are used in a wide range of industries, including telecommunications, automotive, and energy.

Furukawa Electric's commitment to sustainability and innovation has earned the company a number of awards and accolades. In 2020, the company was named to the Dow Jones Sustainability World Index for the 20th consecutive year. The index recognizes companies that demonstrate leadership in environmental, social, and governance (ESG) practices.

Overall, Furukawa Electric Co., Ltd. is a global leader in the electrical components sector, with a strong commitment to sustainability and innovation. The company's focus on decarbonisation, corporate energy, corporate PPAs, and renewable energy is helping to reduce its carbon footprint and contribute to the development of a more sustainable future.