Potential offtaker

Sumitomo Rubber Industries, Ltd.

www.srigroup.co.jp

Estimated electricity consumption

N/A

Countries of production presence

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Sumitomo Rubber Industries, Ltd. is a Japanese company that operates in the tire sector. The company was founded in 1909 and has since grown to become one of the world's leading tire manufacturers. Sumitomo Rubber Industries, Ltd. is committed to sustainability and has implemented several initiatives to reduce its carbon footprint and promote renewable energy.

Decarbonisation is a key focus area for Sumitomo Rubber Industries, Ltd. The company is committed to reducing its greenhouse gas emissions and has set a target to achieve net-zero emissions by 2050. To achieve this goal, the company has implemented several measures to reduce its carbon footprint. These include improving the energy efficiency of its manufacturing processes, investing in renewable energy, and promoting sustainable transportation.

Corporate energy is another area of focus for Sumitomo Rubber Industries, Ltd. The company is committed to reducing its energy consumption and has implemented several measures to improve the energy efficiency of its operations. These include upgrading its manufacturing equipment, implementing energy-saving measures in its facilities, and promoting the use of renewable energy.

Corporate power purchase agreements (PPAs) are a key part of Sumitomo Rubber Industries, Ltd.'s renewable energy strategy. The company has signed several PPAs with renewable energy providers to ensure a reliable and sustainable source of energy for its operations. These agreements enable the company to purchase renewable energy at a fixed price for a set period of time, which helps to reduce its exposure to energy price volatility.

Renewable energy is a key focus area for Sumitomo Rubber Industries, Ltd. The company is committed to promoting the use of renewable energy and has set a target to increase the share of renewable energy in its total energy consumption to 50% by 2030. To achieve this goal, the company has invested in several renewable energy projects, including solar and wind power. Sumitomo Rubber Industries, Ltd. is also exploring the use of new technologies, such as hydrogen fuel cells, to further reduce its carbon footprint.

In addition to its sustainability initiatives, Sumitomo Rubber Industries, Ltd. is also committed to promoting social responsibility and ethical business practices. The company has implemented several measures to ensure the safety and well-being of its employees, as well as to promote diversity and inclusion. Sumitomo Rubber Industries, Ltd. also supports local communities through various social and environmental initiatives.

Overall, Sumitomo Rubber Industries, Ltd. is a leading tire manufacturer that is committed to sustainability and promoting renewable energy. The company's focus on decarbonisation, corporate energy, corporate PPAs, and renewable energy is a testament to its commitment to reducing its carbon footprint and promoting a more sustainable future. With its innovative approach to sustainability and commitment to ethical business practices, Sumitomo Rubber Industries, Ltd. is well-positioned to continue leading the way in the tire sector.