Introduction of Off-site Corporate PPA via Hydropower

Lumine Co., Ltd. (Headquarters: Shibuya-ku, Tokyo; President and CEO: Teruyuki Omote) is pursuing positive changes for the environment and society under its sustainability policy, 'WE ILLUMINATE THE FUTURE: The choices I make every day create our future.' Starting in fiscal year 2024, we are advancing the transition to 100% clean energy for all our facilities, including our headquarters. As part of this initiative, we are introducing an off-site corporate PPA (Power Purchase Agreement) utilizing hydropower. We are taking a further step toward a decarbonized society for the next 100 years.

■ Overview

Starting in fiscal year 2024, Lumine is transitioning all 17 of its locations, including its headquarters, to 100% clean energy. In addition to achieving carbon neutrality through environmental value certificates*1 such as 'Renewable Energy J-Credits' and 'Non-Fossil Fuel Certificates,' as well as utilizing electricity derived from 'J-Bio Food Recycling'*2 (using food waste) and 'off-site solar corporate PPAs,' we are now introducing our first 'off-site corporate PPA via hydropower.' Hydropower is gaining attention as a clean energy source due to its ability to provide a stable supply of electricity regardless of natural conditions and the long lifespan of its generation facilities. We decided to implement this PPA because the power source, the Suezawa Power Plant, completed repowering (facility upgrades) in November 2024, allowing for more efficient power generation. By covering a portion of the energy used by our flagship store, 'Lumine Shinjuku Lumine 1 & Lumine 2,' with electricity derived from hydropower, we will further accelerate our transition to clean energy.

Through the continuation of our carbon-neutral city gas initiatives since fiscal year 2021 and the 100% clean energy transition for electricity starting in fiscal year 2024, we anticipate a total annual CO2 reduction of approximately 38,000 tons by fiscal year 2025. We will continue to utilize cleaner energy, advance our efforts toward a decarbonized society, and pursue positive changes for the environment and society for the next 100 years.

*1 Regarding Environmental Value Certificates (Refer to the Ministry of the Environment website: http://www.env.go.jp)

・Non-Fossil Fuel Certificates: These represent the 'non-fossil value' of electricity generated from 'non-fossil power sources' that do not use fossil fuels such as oil or coal.

・Renewable Energy J-Credits...