Potential offtaker

PT Matahari Department Store Tbk

www.matahari.co.id

Estimated electricity consumption

N/A

Countries of production presence

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Matahari Department Store TB is a leading mid-tier department store chain based in Indonesia. Established in 1958, the company has grown to become one of the largest and most trusted retail brands in the country, with a strong presence in major cities across Indonesia. The company offers a wide range of products, including clothing, accessories, cosmetics, home decor, and electronics, catering to the needs of diverse customer segments.

As a responsible corporate citizen, Matahari Department Store TB is committed to reducing its carbon footprint and promoting sustainable practices across its operations. The company recognizes the urgent need to decarbonize the economy and transition to renewable energy sources to mitigate the impacts of climate change. To this end, Matahari Department Store TB has implemented a range of initiatives to reduce its energy consumption, increase efficiency, and switch to clean energy sources.

One of the key strategies adopted by Matahari Department Store TB to reduce its carbon footprint is corporate energy management. The company has set ambitious targets to reduce its energy consumption and greenhouse gas emissions by implementing energy-efficient technologies and practices across its stores and distribution centers. The company has invested in energy-efficient lighting, heating, and cooling systems, as well as smart building automation systems to optimize energy use and reduce waste.

Another important initiative undertaken by Matahari Department Store TB is the adoption of corporate power purchase agreements (PPAs) for renewable energy. The company has signed long-term agreements with renewable energy providers to source a significant portion of its energy needs from clean sources such as solar and wind power. This has not only helped the company reduce its carbon footprint but also provided a stable and predictable source of energy at a competitive cost.

Matahari Department Store TB has also invested in on-site renewable energy generation, such as rooftop solar panels, to further reduce its dependence on fossil fuels. The company has installed solar panels on the roofs of several of its stores, generating clean energy and reducing its reliance on grid electricity. This has not only helped the company reduce its carbon footprint but also provided a visible demonstration of its commitment to sustainability to its customers and stakeholders.

In addition to these initiatives, Matahari Department Store TB has also implemented a range of other measures to promote sustainability across its operations. The company has introduced recycling programs to reduce waste and promote circularity, as well as implemented sustainable sourcing practices to ensure that its products are ethically and responsibly produced. The company has also launched awareness campaigns to educate its employees and customers about the importance of sustainability and encourage them to adopt sustainable practices in their daily lives.

Matahari Department Store TB's commitment to sustainability has not only helped the company reduce its environmental impact but also provided a competitive advantage in the market. As consumers become increasingly conscious of the environmental and social impacts of their purchases, companies that prioritize sustainability are likely to gain a competitive edge. Matahari Department Store TB's sustainability initiatives have helped the company differentiate itself from its competitors and attract customers who value sustainability.

In conclusion, Matahari Department Store TB is a leading mid-tier department store chain in Indonesia that has demonstrated a strong commitment to sustainability and decarbonization. The company has implemented a range of initiatives to reduce its energy consumption, increase efficiency, and switch to renewable energy sources, as well as promote sustainable practices across its operations. These initiatives have not only helped the company reduce its environmental impact but also provided a competitive advantage in the market. As the world moves towards a more sustainable future, companies like Matahari Department Store TB are likely to play an increasingly important role in driving the transition to a low-carbon economy.

✓ Declared Net Zero commitment