Epson – 100% renewable electricity by ’23

Epson Japan electricity 100% renewable by end-March 2021

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Epson Thailand with rooftop solar
Rooftop solar power generation system at Epson manufacturing plant in Thailand Photo: Epson

On 16 March 2021, Seiko Epson Corporation announced that its worldwide Group sites*1 will meet their electricity needs from 100% renewable energy sources (renewable electricity) by 2023. With growing global interest in societal issues such as the environment and energy, Epson established its Environmental Vision 2050 to express its commitment to environmental management and subsequently rolled out various measures to achieve this. 

The Paris Agreement subsequently established decarbonization targets, and Epson created a scenario to achieve by FY2025 science-based targets (SBT*2) to achieve these goals. This scenario included using renewable electricity as a primary theme, and Epson made plans and implemented measures to expand its use over the long term. The company has established its policy to accelerate its plans to become a leading environmental company. The company believes that climate change represents a serious corporate risk and that Epson must play a greater role in mitigating that risk as it rolls out its business worldwide.

Sites using 100% renewable electricity – Progress to date

Before April 2020, manufacturing sites (UK, USA (Portland))

European sales headquarters (France, Germany, Italy, Netherlands, Spain); April 2020, three Japanese sites including head office and the printer R&D center; All European sales headquarters (including the UK); and, January 2021 Manufacturing plant (Philippines)

Plans

End of March 2021All Japanese sites*1; and, 2023 All sites worldwide*1

As a result of these plans, Epson has calculated it can reduce emissions of CO2 by 36,000 tonnes annually to zero by using 100% renewable electricity at all sites worldwide by 2023. Epson global president Yasunori Ogawa said, “It’s imperative that we address the global issue of climate change. Our company has been proactive about environmental issues from day one when our founders expressed their desire that we should protect the lake next to our company headquarters. And what’s more, we have always strongly believed in contributing to solving global environmental issues, for example, when we were the first company in the world to declare our commitment to eliminating CFCs from our operations worldwide. Going forward, we will steadily advance measures to use 100% renewable electricity. In this and other environmental activities, we will continue to pursue high targets and aggressively drive forward to achieve our goals.”

Monozukuri

Dedicated to the Japanese philosophy of ‘monozukuri’ (the art and science of manufacturing), Epson’s products and services are based on unique, efficient, compact, and precision technologies that mitigate the environmental impacts of Epson’s products and services, and at all stages of the supply chain. Epson plans to provide new customer value through open and unique innovations that offer both environment and economy.

*1: “All sites” referenced in this release excludes leased properties for sales offices, etc., where the amount of electricity cannot be determined.

*2: Scope 1 and 2 call for a 19% reduction in emissions by FY2025 against a benchmark of 2017.

2023 promises an interesting ride for print in India

Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. While the print and packaging industries have been resilient in the past 33 months since the pandemic lockdown of 25 March 2020, the commercial printing and newspaper industries have yet to recover their pre-Covid trajectory.

The fragmented commercial printing industry faces substantial challenges as does the newspaper industry. While digital short-run printing and the signage industry seem to be recovering a bit faster, ultimately their growth will also be moderated by the progress of the overall economy. On the other hand book printing exports are doing well but they too face several supply-chain and logistics challenges.

The price of publication papers including newsprint has been high in the past year while availability is diminished by several mills shutting down their publication paper and newsprint machines in the past four years. Indian paper mills are also exporting many types of paper and have raised prices for Indian printers. To some extent, this has helped in the recovery of the digital printing industry with its on-demand short-run and low-wastage paradigm.

Ultimately digital print and other digital channels will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future. For instance, there is no alternative to a rise in textbook consumption but this segment will only reach normality in the next financial year beginning on 1 April 2023.

Thus while the new normal is a moving target and many commercial printers look to diversification, we believe that our target audiences may shift and change. Like them, we will also have to adapt with agility to keep up with their business and technical information needs.

Our 2023 media kit is ready, and it is the right time to take stock and reconnect with your potential markets and customers. Print is the glue for the growth of liberal education, new industry, and an emerging economy. We seek your participation in what promises to be an interesting ride.

– Naresh Khanna

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