Potential offtaker

Oki Electric Industry Company, Limited,

www.oki.com

Estimated electricity consumption

N/A

Countries of production presence

N/A

OKI Electric Ind. Co., Ltd. is a Japanese multinational corporation that specializes in the manufacture and sale of telecommunications equipment, information technology products, and electronic devices. Founded in 1881, the company has a long and rich history of innovation and technological advancement, and has been at the forefront of the telecommunications industry for more than a century.

As a leading player in the telecommunications equipment sector, OKI Electric Ind. is acutely aware of the need to reduce its carbon footprint and contribute to the global effort to decarbonize the economy. The company has made a strong commitment to sustainability and environmental responsibility, and has implemented a range of measures to reduce its energy consumption and greenhouse gas emissions.

One of the key initiatives that OKI Electric Ind. has undertaken to reduce its carbon footprint is the implementation of a corporate energy strategy. The company has set ambitious targets to reduce its energy consumption and increase its use of renewable energy sources, and has invested heavily in energy-efficient technologies and practices.

To achieve its energy goals, OKI Electric Ind. has implemented a range of measures, including the installation of energy-efficient lighting and HVAC systems, the use of renewable energy sources such as solar and wind power, and the adoption of energy-saving practices such as turning off lights and equipment when not in use. The company has also implemented a range of energy management systems and processes to monitor and optimize its energy use, and has established a dedicated energy team to oversee its energy strategy.

In addition to its corporate energy strategy, OKI Electric Ind. has also implemented a corporate power purchase agreement (PPA) to support the development of renewable energy projects. The company has signed a long-term agreement to purchase renewable energy from a wind farm in Japan, which will provide a significant portion of its electricity needs and help to reduce its reliance on fossil fuels.

The corporate PPA is a key part of OKI Electric Ind.'s renewable energy strategy, which is focused on increasing its use of renewable energy sources and reducing its dependence on fossil fuels. The company is committed to sourcing 100% of its electricity from renewable sources by 2050, and is actively exploring opportunities to invest in renewable energy projects and technologies.

In addition to its energy and sustainability initiatives, OKI Electric Ind. is also committed to social responsibility and community engagement. The company has established a range of programs and initiatives to support local communities and promote social and environmental sustainability, including initiatives to promote education, health, and environmental protection.

Overall, OKI Electric Ind. is a leading player in the telecommunications equipment sector, with a strong commitment to sustainability and environmental responsibility. The company's corporate energy strategy, corporate PPA, and renewable energy initiatives demonstrate its commitment to reducing its carbon footprint and contributing to the global effort to decarbonize the economy. With a long and rich history of innovation and technological advancement, OKI Electric Ind. is well positioned to continue leading the way in the telecommunications industry while also promoting sustainability and social responsibility.

✓ Declared Net Zero commitment