ORIENTAL LAND CO
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Oriental Land Co. is a Japanese company that operates the Tokyo Disney Resort, which includes two theme parks, several hotels, and a shopping and entertainment complex. The company was founded in 1960 and has since become one of the most successful theme park operators in the world, attracting millions of visitors each year. In recent years, Oriental Land Co. has also been actively working towards decarbonisation and increasing its use of renewable energy sources.
One of the ways in which Oriental Land Co. is working towards decarbonisation is through its corporate energy strategy. The company has set a target to reduce its greenhouse gas emissions by 30% by 2030, compared to its 2013 levels. To achieve this goal, Oriental Land Co. 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 elements of Oriental Land Co.'s corporate energy strategy is the use of corporate power purchase agreements (PPAs) for renewable energy. A corporate PPA is a long-term contract between a company and a renewable energy provider, in which the company agrees to purchase a certain amount of renewable energy at a fixed price over a specified period of time. By entering into a corporate PPA, Oriental Land Co. is able to secure a reliable and cost-effective source of renewable energy, while also supporting the growth of the renewable energy industry.
In 2019, Oriental Land Co. signed a 10-year corporate PPA with a Japanese renewable energy provider, which will supply the company with 10,000 MWh of renewable energy per year. This represents around 10% of the electricity consumed by the Tokyo Disney Resort, and will help to reduce the company's greenhouse gas emissions by around 5,000 tonnes per year. Oriental Land Co. has also installed solar panels on the rooftops of several of its buildings, which generate around 1,000 MWh of renewable energy per year.
In addition to its use of renewable energy, Oriental Land Co. is also implementing a range of energy efficiency measures to reduce its overall energy consumption. This includes the installation of LED lighting and energy-efficient air conditioning systems, as well as the use of smart building technologies to optimise energy use. The company has also implemented a waste reduction program, which aims to reduce the amount of waste generated by the Tokyo Disney Resort and increase the amount of waste that is recycled or reused.
Oriental Land Co. is also working to promote sustainability and environmental awareness among its employees, visitors, and the wider community. The company has established an environmental education program, which includes workshops and events that aim to raise awareness of environmental issues and encourage sustainable behaviour. The company also participates in various environmental initiatives, such as beach clean-up events and tree-planting activities.
Overall, Oriental Land Co. is a company that is committed to decarbonisation and increasing its use of renewable energy sources. Through its corporate energy strategy, the company is taking a proactive approach to reducing its greenhouse gas emissions and promoting sustainability. By using corporate PPAs for renewable energy and implementing energy efficiency measures, Oriental Land Co. is demonstrating that it is possible for companies in the entertainment industry to operate in a sustainable and environmentally responsible manner.