Potential offtaker

Sumitomo Forestry Group

sfc.jp/english

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Sumitomo Forestry Group is a Japanese company that operates in the forestry and logging sector. The company is committed to promoting sustainable forestry practices and has been actively working towards decarbonisation and reducing its carbon footprint. Sumitomo Forestry Group is also committed to using renewable energy sources and has been exploring various ways to incorporate renewable energy into its operations.

The company was founded in 1691 and has a long history of sustainable forestry practices. Sumitomo Forestry Group has a presence in 11 countries and has over 200 subsidiaries and affiliates. The company's core business is the production of wood products, including lumber, plywood, and building materials. Sumitomo Forestry Group also operates in the real estate and housing sectors, providing housing solutions and property management services.

One of the key focus areas for Sumitomo Forestry Group is decarbonisation. The company has set a target to reduce its greenhouse gas emissions by 30% by 2030, compared to its 2013 levels. To achieve this target, Sumitomo Forestry Group is exploring various strategies, including the use of renewable energy sources, energy efficiency measures, and the adoption of low-carbon technologies.

Corporate energy is another area of focus for Sumitomo Forestry Group. The company is committed to reducing its energy consumption and has implemented various measures to improve energy efficiency. Sumitomo Forestry Group has also been exploring the use of corporate power purchase agreements (PPAs) to procure renewable energy. PPAs are long-term contracts 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.

In 2019, Sumitomo Forestry Group signed a corporate PPA with a wind power company in Japan. The PPA will enable Sumitomo Forestry Group to purchase renewable energy from the wind power company for a period of 20 years. The renewable energy will be used to power Sumitomo Forestry Group's operations in Japan, including its production facilities and offices.

Renewable energy is a key focus area for Sumitomo Forestry Group. The company has been exploring various ways to incorporate renewable energy into its operations, including the use of solar power and biomass energy. Sumitomo Forestry Group has installed solar panels on the roofs of its production facilities in Japan, which will generate renewable energy to power the company's operations.

In addition to solar power, Sumitomo Forestry Group is also exploring the use of biomass energy. The company has been conducting research on the use of wood biomass as a renewable energy source. Wood biomass is a sustainable energy source that can be produced from forestry waste and other wood-based materials. Sumitomo Forestry Group is exploring the use of wood biomass to generate heat and electricity, which can be used to power its operations.

Sumitomo Forestry Group is also committed to promoting sustainable forestry practices. The company has implemented various measures to ensure that its forestry operations are sustainable and environmentally friendly. Sumitomo Forestry Group has a forest certification system in place, which ensures that its forestry operations meet international standards for sustainable forestry practices.

The company has also been exploring the use of new technologies to improve its forestry operations. Sumitomo Forestry Group has been using drones to survey its forests, which enables the company to monitor the health of its trees and identify areas that require attention. The use of drones has also enabled Sumitomo Forestry Group to improve its forest management practices and reduce its environmental impact.

In conclusion, Sumitomo Forestry Group is a Japanese company that operates in the forestry and logging sector. The company is committed to promoting sustainable forestry practices and has been actively working towards decarbonisation and reducing its carbon footprint. Sumitomo Forestry Group is also committed to using renewable energy sources and has been exploring various ways to incorporate renewable energy into its operations. The company's focus on sustainability and renewable energy makes it a leader in the forestry and logging sector.