SRI - Sumitomo Rubber Industries Ltd.
SRI - Sumitomo Rubber Industries Ltd.
01/18/2022 | Press release | Distributed by Public on 01/18/2022 01:18
Sumitomo Rubber Group Achieves Shift to 100% Renewable Energy to Meet the Electric Power Needs of Tire Factories in China
Sumitomo Rubber Group Achieves Shift to 100% Renewable Energy to Meet the Electric Power Needs of Tire Factories in China
Jan. 18. 2022
Sumitomo Rubber Industries, Ltd. is pleased to announce that, as part of our ongoing efforts to contribute to the realization of a carbon-free society, the Sumitomo Rubber Group's two tire factories in the People's Republic of China (Changshu Factory and Hunan Factory) completed the transition to purchasing 100% of their electric power from renewable energy sources in January of 2022.
In addition, with further plans to install solar power generators from the second half of the year, these two factories are now slated to reduce their total annual (2022) CO2 emissions from tire manufacturing processes by an estimated 70% compared to their 2021 emissions levels.
In December of 2020, the Sumitomo Rubber Group promulgated "Our Philosophy," a new Corporate Philosophy Framework that emphasizes engaging in sustainable business activities while coexisting in harmony with society and with the natural environment. It is our hope that Our Philosophy will serve as a major driving force to accelerate strategic groupwide efforts to realize these ideals. Then, in August of 2021, we announced "Driving Our Future Challenge 2050*," a new Long-Term Sustainability Policy based on our Philosophy, pledging to reduce total CO2 emissions at all of our group factories worldwide by 50% (compared with 2017 emissions levels) by the year 2030 and then to achieve full carbon neutrality by the year 2050. Moving forward, the Sumitomo Rubber Group is committed to working toward solutions to social and environmental issues throughout our business activities so that we may contribute to the development of a sustainable society.
*Sumitomo Rubber Establishes Long-Term Sustainability Policy: "Driving Our Future Challenge 2050"
(News Release Issued August 5, 2021): https://www.srigroup.co.jp/english/newsrelease/2021/sri/2021_060.html
In addition, with further plans to install solar power generators from the second half of the year, these two factories are now slated to reduce their total annual (2022) CO2 emissions from tire manufacturing processes by an estimated 70% compared to their 2021 emissions levels.
In December of 2020, the Sumitomo Rubber Group promulgated "Our Philosophy," a new Corporate Philosophy Framework that emphasizes engaging in sustainable business activities while coexisting in harmony with society and with the natural environment. It is our hope that Our Philosophy will serve as a major driving force to accelerate strategic groupwide efforts to realize these ideals. Then, in August of 2021, we announced "Driving Our Future Challenge 2050*," a new Long-Term Sustainability Policy based on our Philosophy, pledging to reduce total CO2 emissions at all of our group factories worldwide by 50% (compared with 2017 emissions levels) by the year 2030 and then to achieve full carbon neutrality by the year 2050. Moving forward, the Sumitomo Rubber Group is committed to working toward solutions to social and environmental issues throughout our business activities so that we may contribute to the development of a sustainable society.
|
Company Name Location Representative Start of Operations Business Operations Production Capacity No. of Employees |
: Sumitomo Rubber (Changshu) Co., Ltd. : Changshu Economic Development Zone (Jiangsu Province) : Mr. Eiichi Masuda (Chairman & CEO) : 2004 : Manufacture & Sale of Passenger Car Tires & Tire Molds : 7,200 Tons/Month (New Rubber Consumption as of December 2020) : 1,958 (as of December 2020) |
|
|
|
||
|
Company Name Location Representative Start of Operations Business Operations Production Capacity No. of Employees |
: Sumitomo Rubber (Hunan) Co., Ltd. : Changsha City (Hunan Province) : Eiichi Masuda (Chairman) : 2012 : Manufacture & Sale of Passenger Car Tires : 2,950 Tons/Month(New Rubber Consumption as of December 2020) : 1,149 (as of December 2020) |
*Sumitomo Rubber Establishes Long-Term Sustainability Policy: "Driving Our Future Challenge 2050"
(News Release Issued August 5, 2021): https://www.srigroup.co.jp/english/newsrelease/2021/sri/2021_060.html