Tokyo, September 14, 2022 -- Mori Building Co., Ltd., Japan's leading urban landscape developer, announced today that it has joined the RE100 international environmental initiative that encourages companies to procure 100% of the electricity they consume in business activities from renewable sources. Accordingly, Mori Building has committed to the goal of using renewable energy sources for all electricity consumed in its consolidated business activities by 2030. Through membership in RE100, the company hopes to accelerate its efforts to realize net-zero emissions at its many multiuse complexes and thereby contribute to the realization of a decarbonized society.
RE100 (Renewable Electricity 100%) is managed by the Climate Group, an international environmental nongovernmental organization (NGO), and the Carbon Disclosure Project (CDP), an environmental NGO that promotes climate-change information disclosure. RE100 member companies commit to the goal of meeting 100% of their electricity consumption from renewable energy sources, such as solar, wind, hydro, biomass and geothermal power, by 2050. Through international collaboration with companies that have significant influence in their respective countries, the goal is to encourage policymakers and investors to accelerate the energy transition.
Mori Building also is committed to the goal of achieving net-zero greenhouse gas emissions from its consolidated business activities by fiscal 2050. Specific measures include the introduction and use of renewable energy electricity and facilities. The targets include a 50% reduction in Scope 1 and 2 emissions by FY2030 (compared to FY2019), a 30% reduction in Scope 3 emissions by FY2030 (compared to FY2019), and finally net-zero by emissions FY2050.
Sam Kimmins, Director of Energy at the Climate Group, said: "We are delighted that Mori Building has joined RE100, the global initiative led by the Climate Group in partnership with CDP. By committing to 100% renewable electricity by 2030, Mori Building is taking leadership in climate action. It joins over 70 Japanese RE100 companies who collectively are sending a powerful message that renewable electricity makes good business sense."
Mori Building, in line with its philosophy "Create Cities, Nurture Cities," is committed to pursuing harmonious coexistence between cities and nature, low-carbon cities and resource recycling in order to help realize a more sustainable society.