TDK joins RE100, converting electricity usage to 100% renewable energy by 2050

• Joining RE100, TDK further accelerates its initiatives aimed at building a sustainable society while continuing to grow as a company
• The company will convert electricity use to 100% renewable energy by 2050
• TDK currently has a total of 26 facilities operating around the world with 100% electricity derived from renewable energy; this initiative will span across 82 worldwide facilities

TDK Corporation (TSE:6762) has joined the RE100^*1 international initiative as the company works toward ensuring that 100% of the electricity used in its business activities comes from renewable energy. RE100 is a global corporate renewable energy initiative bringing together hundreds of large and ambitious businesses with similar idealism; members include 3M, Accenture, Adobe, LG, Microsoft, Nike, Samsung, Unilever, and more committed to 100% renewable electricity*^2. TDK plans to contribute to the implementation of a sustainable society, aiming to convert electricity use at all of its business facilities around the world to 100% renewable energy by 2050.

As of December 2022, TDK Group has a total of 26 facilities, mainly production sites, operating with 100% electricity derived from renewable energy. With the target to achieve 82 facilities across the globe, the entire TDK Group has a current renewable energy introduction rate of approximately 30% – and a new goal of increasing to 100% by 2050.

“Our goal at TDK Group is to create a more effective use of energy and expand our use of renewable energy toward the realization of net zero CO₂ emissions by 2050,” says Noboru Saito, President and CEO of TDK. "The opportunity to join RE100 allows TDK to advance the development of a sustainable society and champion well-being for all people by fully utilizing TDK’s proprietary core technologies and solutions.”

In TDK’s Environmental Vision 2035, TDK has stated its target of enhancing the social value of the company and realizing a sustainable and prosperous society for all people by operating with an environmental footprint that does not disturb the natural cycle. TDK is taking action to achieve at least 50% renewable energy as a share of total worldwide electricity consumption of TDK Group worldwide by fiscal 2025.

*1: International initiative operated by Climate Group, an international environmental NGO, in partnership with CDP. It consists of companies committed to converting electricity use in business activities to 100% renewable energy. There are 391 member companies around the world (as of December 1, 2022).

*2: https://www.there100.org/re100-members