Optical fiber and cable production at the Mie Works to be powered entirely by substantially renewable energy
- Contribute to reducing CO2 emissions throughout the value chain directed at realizing carbon neutrality -
- Optical fiber and cable production at the Mie Works has been using electric power generated from substantially renewable energy since the start of FY2023
- Expect to reduce CO2 emissions (Scope 2) from the electric power used at the factory by 22,000 tons per year
Furukawa Electric Co., Ltd. (Head office: 2-6-4 Otemachi, Chiyoda-ku, Tokyo; President: Hideya Moridaira) has purchased Feed-in Tariff （FIT） Non-fossil Certificates with tracking(note 1) for the electric power consumed in FY2023 during optical fiber and cable production at the Mie Works and has shifted to electric power generated from substantially renewable energy. As a result, we expect to reduce CO2 emissions (Scope 2, (note 2)) by 22,000 tons per year.
In 2021, we set forth the Furukawa Electric Group Environmental Vision 2050 and are working to reduce greenhouse gas emissions throughout the value chain. With the current actions taken to use electric power derived from substantially renewable energy, the optical fiber and cable products manufactured at the factory will have extremely low environmental load in the manufacturing process. Going forward, we will accelerate the initiatives for realizing carbon neutrality and contribute to reducing CO2 emissions throughout the value chain.
(note 1)Along with being able to claim the use of substantially renewable energy, the certificates can also be used for RE100 reports. An agreement was concluded for FY2023 (April 1, 2023 – March 31, 2024), and it is planned to renew the agreement thereafter on an ongoing basis.
(note 2)Indirect emissions from the electric power, heat, etc. purchased by the company.
Furukawa Electric Group’s efforts towards the SDGs
Based on the “Sustainable Development Goals (SDGs)” adopted by the United Nations, Furukawa Electric Group has formulated the “Furukawa Electric Group Vision 2030” which sets the year 2030 as its target and is advancing efforts with the aim to “Build a sustainable world and make people’s life safe, peaceful and rewarding, Furukawa Electric Group will create solutions for the new generation of global infrastructure combining information, energy and mobility.” Toward the achievement of our Vision 2030, we will take open, agile, and innovative approaches to promote ESG management that aims to increase corporate value over the medium to long term and will contribute to the achievement of the SDGs.