Seagate Technology is a multinational technology company that specializes in data storage solutions. The company was founded in 1979 in Dublin, Ireland, and has since expanded its operations to over 40 countries around the world. Seagate Technology operates in the Investment Holding Companies sector and is committed to decarbonisation and the use of renewable energy sources to power its operations.

Seagate Technology recognizes the importance of reducing its carbon footprint and has set ambitious targets to achieve decarbonisation. The company has pledged to reduce its greenhouse gas emissions by 50% by 2025, compared to its 2016 baseline. To achieve this goal, Seagate Technology is investing in renewable energy sources and implementing energy-efficient measures across its operations.

One of the key ways in which Seagate Technology is reducing its carbon footprint is through the use of corporate power purchase agreements (PPAs). Corporate PPAs are long-term contracts between companies and renewable energy providers that guarantee a fixed price for renewable energy over a set period of time. By entering into these agreements, Seagate Technology is able to secure a stable supply of renewable energy while also supporting the growth of the renewable energy sector.

Seagate Technology has already signed several corporate PPAs with renewable energy providers. In 2019, the company signed a 12-year agreement with a wind farm in Northern Ireland, which will provide 90% of the energy required to power Seagate Technology's operations in the country. The wind farm is expected to generate 138,000 MWh of renewable energy each year, which is equivalent to the energy required to power 37,000 homes.

In addition to corporate PPAs, Seagate Technology is also investing in on-site renewable energy generation. The company has installed solar panels at several of its facilities around the world, including in California, Singapore, and Malaysia. These solar panels generate renewable energy that is used to power Seagate Technology's operations, reducing the company's reliance on grid electricity.

Seagate Technology is also implementing energy-efficient measures across its operations to reduce its energy consumption. The company has invested in energy-efficient lighting and HVAC systems, as well as in the optimization of its manufacturing processes. These measures not only reduce the company's carbon footprint but also result in cost savings for the company.

Seagate Technology's commitment to decarbonisation and the use of renewable energy sources has been recognized by several organizations. In 2020, the company was named to the Dow Jones Sustainability Index for the 10th consecutive year. The index recognizes companies that demonstrate leadership in environmental, social, and governance (ESG) practices.

Seagate Technology's commitment to decarbonisation and the use of renewable energy sources is not only good for the environment but also for the company's bottom line. By reducing its energy consumption and investing in renewable energy sources, Seagate Technology is able to reduce its energy costs and increase its operational efficiency. This, in turn, allows the company to remain competitive in a rapidly changing business environment.

In conclusion, Seagate Technology is a multinational technology company that is committed to decarbonisation and the use of renewable energy sources. The company has set ambitious targets to reduce its greenhouse gas emissions and is investing in renewable energy sources, including through the use of corporate PPAs and on-site renewable energy generation. Seagate Technology's commitment to decarbonisation has been recognized by several organizations, and the company's efforts not only benefit the environment but also its bottom line.