Notices 2024

SoftBank Corp. Joins RE100,
a Global Coalition of Companies that Aims to
Power Their Operations with 100% Renewable Energy

February 16, 2024
SoftBank Corp.

SoftBank Corp. (“SoftBank”) announced that it joined RE100*1, a global corporate renewable energy initiative that aims to achieve 100% renewable electricity use in its members' operations.

RE100 is a global initiative comprising a coalition of globally influential companies that are committed to powering their operations with 100% renewable energy. The companies are united in their aim of expanding renewable energy use to accelerate the reduction of greenhouse gas (GHG) emissions.

SoftBank is prioritizing Environmental, Social, and Corporate Governance (ESG)-based management. To help mitigate the effects of climate change, SoftBank declared its “Carbon Neutral 2030” commitment, which aims to reduce GHG emissions generated by company business processes and energy consumption (Scope 1 and Scope 2) to zero by the fiscal year 2030 (FY2030), and it is working toward the goal of converting 100% of electricity use in its business operations to renewable energy sources*2. As part of this initiative, SoftBank signed a contract with its subsidiary, SB Power Corp., a retail electricity provider, whereby it will procure approximately 2 billion kWh of renewable energy annually for a period of 20 years. SoftBank also aims to procure more than 50%*3 of the electricity it uses with renewable energy with additionality*4 by FY2030. Furthermore, SoftBank is promoting the removal of supply chain GHG emissions (Scope 3) across its entire group of companies to achieve “Net Zero” by 2050*5.

By joining RE100, SoftBank will accelerate its decarbonization efforts to contribute to the realization of a sustainable society.

  1. *1
    RE100 is run by Climate Group, an international environmental NGO, in partnership with CDP, an NGO promoting global information disclosure on climate change. RE100 is comprised of companies committed to achieving 100% renewable energy usage in their operations. In Japan, the Japan Climate Leaders' Partnership (JCLP), as a regional partner, supports the participation of Japanese companies.
  2. *2
    For more detail, please refer to SoftBank's news post dated June 9, 2021.
  3. *3
    Indicates total combined percentage of renewable energy used by SoftBank and Wireless City Planning Inc.
  4. *4
    New energy procurement from renewable energy sources such as wind and solar power.
  5. *5
    For more detail, please refer to SoftBank's press release dated June 19, 2023.