Carbon Neutrality Policy
The Tokyo Century Group has defined “contribution to decarbonized society” as one part of its materiality (key issues), based on which it is working to popularize the use of clean energy through initiatives for combating climate change and preserving the environment. In conjunction with the start of the commercial operation of a biomass co-firing power plant of Shunan Power Corporation in September 2022, the Group unveiled its carbon neutrality policy for fiscal 2040. This policy describes our goal of achieving effectively zero greenhouse gas emissions while also presenting a transition road map for the aforementioned power plant.
The biomass co-firing power plant of Shunan Power is projected to produce around 98% of the Group’s greenhouse gas emissions going forward. For this reason, we look to achieve effectively zero greenhouse gas emissions as soon as possible, with fiscal 2040 being our target year for the accomplishment of this goal. To this end, we will increase the biomass co-firing ratio at this plant while adopting black pellets, which feature high combustion efficiency, prefaced on assumptions of future technological developments. At the same time, we will transition to the burning of ammonia, which does not emit greenhouse gas emissions. We are also increasing our use of renewable energy for purposes such as powering domestic and overseas consolidated subsidiaries. Through these efforts, the Tokyo Century Group will work toward its goal of achieving carbon neutrality by fiscal 2040.
The Tokyo Century Group’s Carbon Neutrality Policy
- Commercial Operations Begin at Shunan Power Corporation’s Power Plant
- Transition Roadmap for the Shunan Power Corporation Power Plant in Shunan City, Yamaguchi Prefecture (an Overview)
- Climate Transition Finance Evaluation by Japan Credit Rating Agency, Ltd. (in Japanese only)
