SoftBank Group Corp.
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SOFTBANK GROUP CORP is a Japanese multinational conglomerate that operates in the wireless telecommunications sector. Founded in 1981 by Masayoshi Son, the company has grown to become one of the largest technology companies in the world, with a diverse portfolio of businesses ranging from telecommunications to robotics and renewable energy.
In recent years, SOFTBANK has been at the forefront of the decarbonisation movement, committing to reducing its carbon footprint and transitioning to renewable energy sources. The company has set ambitious targets to achieve net-zero greenhouse gas emissions by 2050, and has taken a number of steps to achieve this goal.
One of the key ways in which SOFTBANK is reducing its carbon footprint is through the use of corporate power purchase agreements (PPAs). These agreements allow the company to purchase renewable energy directly from producers, often at a lower cost than traditional energy sources. By using PPAs, SOFTBANK is able to reduce its reliance on fossil fuels and support the growth of renewable energy.
In addition to PPAs, SOFTBANK is also investing in renewable energy infrastructure, such as solar and wind farms. The company has established a number of joint ventures and partnerships with renewable energy companies, and has committed to investing $100 billion in the sector over the next decade.
SOFTBANK is also taking steps to reduce its energy consumption through corporate energy management. The company has implemented a number of energy-saving measures, such as upgrading its lighting and HVAC systems, and has set targets to reduce its energy consumption by 25% by 2025.
Beyond its own operations, SOFTBANK is also working to promote decarbonisation across the wider economy. The company has established the Vision Fund, a $100 billion investment fund that focuses on technology companies that are working to address global challenges, including climate change. The fund has invested in a number of companies that are developing innovative solutions to reduce greenhouse gas emissions, such as electric vehicle manufacturers and energy storage companies.
Overall, SOFTBANK is a company that is committed to leading the way in decarbonisation and promoting sustainable business practices. Through its use of corporate PPAs, investment in renewable energy infrastructure, and energy management initiatives, the company is reducing its carbon footprint and supporting the growth of renewable energy. As the world continues to transition to a low-carbon economy, SOFTBANK is well-positioned to play a leading role in this transformation.