Technicolor S.A. is a French multinational company that operates in the Cable TV Equipment sector. The company was founded in 1915 and has since then established itself as a leading provider of technology solutions for the media and entertainment industry. Technicolor S.A. has a presence in over 30 countries and employs over 17,000 people worldwide. The company's mission is to provide innovative solutions that enable its customers to create, manage, and distribute content in the most efficient and effective way possible.
Technicolor S.A. is committed to decarbonisation and reducing its carbon footprint. The company recognizes that climate change is one of the most significant challenges facing the world today, and it is committed to doing its part to address this issue. Technicolor S.A. has set a target to reduce its carbon emissions by 30% by 2030, compared to its 2018 baseline. To achieve this target, the company is implementing a range of measures, including energy efficiency improvements, the use of renewable energy, and the adoption of low-carbon technologies.
One of the key ways that Technicolor S.A. is reducing its carbon footprint is through its corporate energy strategy. The company is working to improve the energy efficiency of its operations by implementing energy-saving measures, such as the use of LED lighting and the installation of energy-efficient HVAC systems. Technicolor S.A. is also investing in renewable energy sources, such as solar and wind power, to reduce its reliance on fossil fuels. The company has set a target to source 50% of its electricity from renewable sources by 2025.
To achieve its renewable energy goals, Technicolor S.A. is also exploring the use of corporate power purchase agreements (PPAs). A corporate PPA is a long-term contract between a company and a renewable energy provider, which guarantees the purchase of a certain amount of renewable energy at a fixed price. By entering into a PPA, Technicolor S.A. can secure a reliable and cost-effective source of renewable energy, while also supporting the development of new renewable energy projects. The company has already signed several PPAs in Europe and the United States, and it is exploring opportunities to expand its use of this financing mechanism.
Technicolor S.A. is also exploring the use of innovative technologies to reduce its carbon footprint. For example, the company is developing new products and services that enable its customers to create and distribute content in a more sustainable way. One such product is the Technicolor Pulse, a cloud-based platform that enables content creators to collaborate and share content in a more efficient and sustainable way. The platform uses advanced algorithms to optimize the use of computing resources, reducing energy consumption and carbon emissions.
In addition to its corporate energy strategy, Technicolor S.A. is also committed to promoting sustainability throughout its supply chain. The company has established a Supplier Code of Conduct, which sets out its expectations for suppliers in relation to environmental, social, and ethical issues. Technicolor S.A. works closely with its suppliers to ensure that they meet these standards, and it regularly audits its suppliers to ensure compliance.
In conclusion, Technicolor S.A. is a leading provider of technology solutions for the media and entertainment industry. The company is committed to decarbonisation and reducing its carbon footprint, and it is implementing a range of measures to achieve this goal. Technicolor S.A. is investing in renewable energy sources, exploring the use of corporate PPAs, and developing innovative technologies to reduce energy consumption and carbon emissions. The company is also promoting sustainability throughout its supply chain, working closely with its suppliers to ensure compliance with its Supplier Code of Conduct. Technicolor S.A. is a company that is committed to making a positive impact on the environment and the world around us.