Potential offtaker

Shiseido Company Limited

corp.shiseido.com/en

Estimated electricity consumption

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Shiseido Company Limited is a Japanese multinational company that operates in the cosmetics sector. The company was founded in 1872 by Arinobu Fukuhara and has since grown to become one of the largest cosmetics companies in the world. Shiseido's products are sold in over 120 countries and regions, and the company has a strong presence in Asia, Europe, and the Americas.

Shiseido is committed to sustainability and has set ambitious targets to reduce its environmental impact. The company has a long history of environmental stewardship and was one of the first companies in Japan to establish an environmental department in 1972. Shiseido's sustainability strategy is focused on decarbonisation, waste reduction, and sustainable sourcing.

Decarbonisation is a key priority for Shiseido, and the company has set a target to achieve net-zero greenhouse gas emissions by 2050. To achieve this goal, Shiseido is implementing a range of measures to reduce its carbon footprint, including energy efficiency improvements, renewable energy procurement, and the use of carbon offsets. The company has also established a Corporate Energy Department to oversee its energy management and decarbonisation efforts.

One of the key ways that Shiseido is reducing its carbon footprint is through the use of renewable energy. The company has set a target to source 50% of its electricity from renewable sources by 2030, and is actively pursuing renewable energy procurement opportunities. Shiseido has signed several corporate power purchase agreements (PPAs) with renewable energy developers, which enable the company to purchase renewable energy directly from the source. These PPAs provide a stable, long-term supply of renewable energy and help to support the development of new renewable energy projects.

Shiseido has also invested in on-site renewable energy generation, including solar photovoltaic (PV) systems. The company has installed solar PV systems at several of its facilities in Japan, which generate clean electricity and help to reduce the company's reliance on grid electricity. Shiseido is also exploring the use of other renewable energy sources, such as wind and geothermal energy.

In addition to its renewable energy efforts, Shiseido is also focused on improving energy efficiency and reducing energy consumption. The company has implemented a range of energy-saving measures, such as upgrading lighting systems, improving insulation, and optimizing production processes. Shiseido has also established an Energy Saving Committee to oversee its energy efficiency efforts and identify new opportunities for improvement.

Shiseido's sustainability strategy also includes a focus on waste reduction and sustainable sourcing. The company has set a target to achieve zero waste to landfill by 2030, and is implementing a range of measures to reduce waste generation and increase recycling. Shiseido is also committed to sourcing sustainable raw materials and has established a Sustainable Procurement Policy to guide its sourcing practices.

Overall, Shiseido is a leader in the cosmetics industry when it comes to sustainability and environmental stewardship. The company's focus on decarbonisation, renewable energy, and waste reduction demonstrates its commitment to reducing its environmental impact and contributing to a more sustainable future. As the company continues to pursue its sustainability goals, it is likely to inspire other companies in the cosmetics sector and beyond to follow suit and prioritize environmental sustainability.