With Japan announcing a goal to become carbon neutral by 2050 and President Joe Biden signing an executive order to bring the U.S. back into the Paris Agreement, a wave of momentum toward curtailing climate change is growing at home and abroad. And Japanese businesses are following in that wake as they push forward their plans to switch to renewables.
Mitsubishi Estate Co., Tokyu Land Corp. and Yahoo Japan Corp. are among the major companies shifting their energy sources to renewables, as the need to be environmentally friendly is increasingly becoming a key factor in expanding their respective businesses.
On Thursday, Mitsubishi Estate, a developer that owns offices and shopping complexes in Tokyo’s Marunouchi district, unveiled a plan to have its facilities in the district run completely on renewables by April 2023.