Mitsubishi Corporation is a Japanese multinational conglomerate that operates in a wide range of industries, including food and beverage wholesaling. The company was founded in 1950 and has since become one of the largest and most diverse corporations in the world, with operations in over 90 countries and a workforce of over 80,000 employees.
In recent years, Mitsubishi Corporation has been actively pursuing decarbonisation and renewable energy initiatives as part of its commitment to sustainability and reducing its carbon footprint. The company has set ambitious targets to reduce its greenhouse gas emissions by 30% by 2030 and to achieve net-zero emissions by 2050.
One of the key ways that Mitsubishi Corporation is working towards these targets is through its corporate energy initiatives. The company has been investing in renewable energy projects around the world, including wind, solar, and hydropower, and has also been exploring new technologies such as hydrogen fuel cells.
Mitsubishi Corporation has also been actively pursuing corporate power purchase agreements (PPAs) as a way to increase its use of renewable energy. PPAs are contracts between corporations and renewable energy providers that allow the corporations to purchase energy directly from the providers, often at a lower cost than traditional sources of energy.
In 2019, Mitsubishi Corporation signed a PPA with a wind power project in Mexico, which will provide the company with 30 megawatts of renewable energy. The company has also signed PPAs for solar projects in Australia and wind projects in the United States.
In addition to its renewable energy initiatives, Mitsubishi Corporation has also been working to reduce its carbon footprint through a range of other measures. The company has implemented energy-efficient technologies in its buildings and operations, and has also been exploring new ways to reduce emissions in its supply chain.
One example of this is the company's partnership with a major Japanese supermarket chain to develop a more sustainable food supply chain. The partnership aims to reduce the carbon footprint of the supermarket's operations by improving the efficiency of its logistics and distribution processes, as well as promoting more sustainable farming practices among its suppliers.
Overall, Mitsubishi Corporation's commitment to decarbonisation and renewable energy is a key part of its broader sustainability strategy. The company recognizes the urgent need to address climate change and is taking proactive steps to reduce its own emissions and promote sustainable practices across its operations and supply chain.