TOKYO—YKK Group has announced that 31 of its locations worldwide now get 100 percent of their electricity consumption from renewable energy sources.
Under the company’s “Sustainability Vision 2050” plan, YKK is working to achieve climate neutrality by 2050. To do this, the company is working to achieve 10 sustainability goals in five categories: climate change, material resources, water resources, chemical management, and respect people.
Regarding climate change, YKK is making efforts to reduce greenhouse gas (GHG) emissions both within the company and in its supply chain, aiming for a 50 percent reduction in scope 1 and 2 emissions and a 30 percent reduction in scope 3 emissions by 2030, compared with a baseline year of 2018.
As part of its measures to reduce GHG emissions, the company has been installing solar power facilities at each of its locations. Many of these installations have been made possible through power purchase agreements, a model in which a power producer installs solar panels on the property of a business at the power producer’s expense and supplies the generated electricity to the business. This model makes it possible to install solar energy systems while reducing the upfront investment for the business.
