In 2021, Seiko Epson Corporation had updated its Environmental Vision, solidifying a resolute commitment to achieving carbon negativity and becoming free from underground resource usage by 2050.
The company has set goals to reduce greenhouse gas emission in all their activities and products, following the plan of the Paris Agreement to limit the warming of the planet and using the standard of the Science Based Targets initiative (SBTi) to measure, plan and check their progress.
Epson aims to reduce scope 1 and 2 greenhouse gas emissions by 34% by 2025 compared to FY2017, mainly by emphasis on prioritizing renewable electricity in their decarbonization strategy.
Additionally, upon joining RE100 in 2021, Epson declared that all its global group sites will exclusively source electricity from 100% renewable energy by 2023.
Saxon Renewables is pleased to collaborate with Epson Precision, one of Epson operations located in Johor Bahru, Malaysia, as they pursue the admirable goal of achieving 100% Renewable Energy (RE) by 2023, accomplished through the strategic acquisition of Renewable Energy Certificates (RECs). The transition to 100% renewable electricity by Epson Precision is aligns with Epson's global objective of achieving 100% renewable electricity worldwide by 2023.
The Purchase of Renewable Energy Certificates (RECs) Agreement was signed by Mr. Shiro Ogura, Managing Director of Epson Precision (Johor) (seated on the left), and Reik Ong, Managing Director of Saxon Renewables (seated on the right).
Mr. Shiro Ogura, the Managing Director of Epson Precision Johor Bahru, emphasized that the utilization of 100% renewable electricity aligns with the Group's Environmental Vision. They are committed to achieving sustainability, enriching communities, and ensuring that Epson's businesses operate in an environmentally conscious manner. This decision not only propels investments in renewable energy projects but also contributes to the global movement toward a sustainable, low-carbon future.
Join us in celebrating Epson's incredible progress and the positive impact they are making in the industry and on the environment.
Saxon Renewables
Saxon Renewables offers a range of unbundled RECs options for corporate buyers, with a primary focus on meeting their requirements while maintaining the most cost-effective approach.
For many corporate buyers, especially in Malaysia, procuring RECs, whether bundled or unbundled, is a new endeavour. Saxon Renewables is here to provide support throughout your renewable energy procurement journey, from strategy development to execution.
There are numerous pathways available to help you achieve your renewable energy consumption objectives, and Saxon Renewables serves as your reliable sustainability partner for all your renewable energy needs.
Do not hesitate to reach out to us for further information and guidance on your sustainability journey.
