Sumitomo Forestry has joined the international initiative RE100, led by The Climate Group in partnership with CDP, which aims to have companies utilize 100% renewable energy for electricity used in their operations. Source: Timberbiz
Sumitomo Forestry aims for 100% renewable energy by 2040 for the electricity used in its entire group operations and the fuel used in the power generation business.
In November 2019, Sumitomo Forestry launched its electricity service “Sumirin Denki” for owners of Sumitomo Forestry Home houses.
For owners whose guaranteed purchase period under the renewable energy feed-in-tariff scheme has ended, Sumitomo Forestry will offer services as an agent for the purchase of surplus electricity from residential PV solar system as well as for electricity supply.
Within Japan, Sumitomo Forestry will effectively utilize “Sumirin Denki” electricity in places such as its offices and model homes, and at the same time, seek to use 100% renewable energy for fuel used in its power generation business.
Overseas, Sumitomo Forestry will observe the energy policies and schemes of the respective countries to select the most appropriate renewable energy solutions.
Amidst growing climate concerns, Sumitomo Forestry is actively undertaking measures against climate change. It has set the long-term greenhouse gas emission reduction targets in line with climate science and is officially approved by the Science Based Targets initiative.
