Potential offtaker

Seven & i Holdings Co., Ltd.

www.7andi.com/en.html

Estimated electricity consumption

N/A

Countries of production presence

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Seven & i Holdings Co., Ltd. is a Japanese multinational company that operates in the convenience store sector. The company was founded in 2005 and is headquartered in Tokyo, Japan. Seven & i Holdings Co., Ltd. is the parent company of Seven-Eleven Japan Co., Ltd., which is the largest convenience store chain in Japan, with over 21,000 stores across the country. The company also operates in other sectors, including supermarkets, department stores, and financial services.

In recent years, Seven & i Holdings Co., Ltd. has been focusing on decarbonisation and corporate energy management to reduce its carbon footprint and contribute to the fight against climate change. The company has set ambitious targets to reduce its greenhouse gas emissions and increase its use of renewable energy sources.

One of the key strategies that Seven & i Holdings Co., Ltd. has adopted to achieve its decarbonisation goals is the use of corporate power purchase agreements (PPAs). A corporate PPA is a long-term agreement between a company and a renewable energy provider, where the company agrees to purchase a certain amount of renewable energy at a fixed price over a specified period. By entering into a corporate PPA, Seven & i Holdings Co., Ltd. is able to secure a stable and predictable source of renewable energy, while also supporting the growth of the renewable energy industry.

In 2019, Seven & i Holdings Co., Ltd. signed a corporate PPA with a Japanese renewable energy provider to purchase 3.8 megawatts of solar power. The solar power will be used to supply electricity to the company's stores and offices in the Kanto region of Japan. The agreement is expected to reduce the company's greenhouse gas emissions by approximately 2,000 tons per year.

In addition to corporate PPAs, Seven & i Holdings Co., Ltd. has also been investing in renewable energy projects. In 2020, the company announced that it had invested in a wind power project in Hokkaido, Japan. The project is expected to generate approximately 10,000 megawatt-hours of electricity per year, which is equivalent to the electricity consumption of approximately 2,800 households. The investment is part of the company's efforts to increase its use of renewable energy and reduce its reliance on fossil fuels.

Seven & i Holdings Co., Ltd. has also been implementing energy-saving measures in its stores and offices to reduce its energy consumption. The company has installed LED lighting, energy-efficient air conditioning systems, and other energy-saving equipment in its stores and offices. In addition, the company has been promoting energy-saving practices among its employees, such as turning off lights and equipment when not in use.

To track its progress towards its decarbonisation goals, Seven & i Holdings Co., Ltd. has been measuring and reporting its greenhouse gas emissions. The company has set a target to reduce its greenhouse gas emissions by 30% by 2030, compared to its 2013 baseline. The company has also committed to reporting its greenhouse gas emissions to the CDP (formerly known as the Carbon Disclosure Project), a global non-profit organization that works to encourage companies to disclose their environmental impact.

In conclusion, Seven & i Holdings Co., Ltd. is a Japanese multinational company that operates in the convenience store sector. The company has been focusing on decarbonisation and corporate energy management to reduce its carbon footprint and contribute to the fight against climate change. The company has set ambitious targets to reduce its greenhouse gas emissions and increase its use of renewable energy sources. To achieve these goals, the company has adopted strategies such as corporate power purchase agreements, investing in renewable energy projects, implementing energy-saving measures, and tracking its progress through greenhouse gas emissions reporting. Seven & i Holdings Co., Ltd. is a leader in the convenience store sector in Japan and is committed to sustainability and environmental responsibility.

✓ Re100 member
✓ Science Based Targets member
✓ Declared Net Zero commitment