Cleantech - Sony threatens to move ops from Japan over lack of renewable power - Cleantech - InvestorVillage
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Msg  1624 of 1748  at  11/30/2020 5:53:43 PM  by

rightjake


Sony threatens to move ops from Japan over lack of renewable power

https://www.ft.com/content/bbd59494-ac64-4dda-8da5-a2990d8936d3#comments-anchor
Sony has warned the Japanese government it may have to shift manufacturing out of the country as it tries to meet the green energy promises of customers such as Apple, according to a minister. The comments from chief executive Kenichiro Yoshida underscore the pressures Japanese businesses are under to erase the carbon footprint of their manufacturing facilities as Apple, Facebook and other technology groups seek to shift their global supply chains to 100 per cent renewable power. Sony’s concerns were echoed by the chief executives of Ricoh, the electronics company, cosmetics business Kao and fund manager Nissay Asset Management during a meeting with Taro Kono, Japan’s minister for administrative reform, earlier this month. “They told me it’s very difficult for them to purchase renewable energy in Japan. The quantity is limited and the price is very high,”
 


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